Questerre Gets $26.5M Loan for Drilling, Still Hopeful for Utica

Canadian driller Questerre Energy has just secured a $26.5 million line of credit with an unidentified Canadian bank which they plan to use for shale drilling operations. One of those operations they dearly want to use it for is drilling in the Canadian Utica Shale–a portion of the Utica which lies under Quebec. If only the Quebec government would just allow it. Like New York State, Quebec has had a moratorium on fracking in the province for a number of years now. At various points Questerre has been critical in chiding the Quebec government (see Questerre Energy Points Out Quebec’s Hypocrisy on Fracking), and more subdued and hopeful in their tone (see Questerre Energy Hopeful Quebec will Lift Fracking Moratorium).

The latest announcement from Questerre once again strikes the more subdued and hopeful tone…

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