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Shale Gas Estimates Perhaps Optimistic – An Interesting and Worrying Talk at ASPO

Read Shale Gas Estimates Perhaps Optimistic – An Interesting and Worrying Talk at ASPO on the Oil Drum.

Of local interest: New York Natural Gas Summit

New York Natural Gas Summit: Challenges and Opportunities is a pro-drilling event that folks with more critical perspectives may be interested in attending.

November 30, 2009
Owego Treadway Inn, Owego, New York

Goals and objectives: To inform and educate; prepare for challenges; prepare for opportunities; gather information for ongoing research; network between multiple stakeholders

Audiences: Local government officials; Landowner Coalition representatives; Citizens seeking more information; Researchers and Educators
Continue reading Of local interest: New York Natural Gas Summit

Legal fight looms as gas companies attempt to use loophole to extend leases

A team of Elmira attorneys is questioning the methods that two of the area’s leading gas companies are using to extend some of their leases in Chemung County.

The companies, Fortuna Energy Co. and Chesapeake Energy Corp., have halted their Marcellus Shale programs in New York while the state updates its environmental policies for drilling into the formation.

But they are using the delay as grounds to extend the terms of some of their leases without renegotiating new terms with the landowners.

Read the rest here.

Natgas execs seek disclosure of Marcellus drilling chemicals

An interesting quote from Chesapeake. Now, why would they need to search for alternatives to the chemicals they are using if the chemicals are so safe?

We as an industry need to demystify (hydrofracturing),” Aubrey McClendon, chief executive and chairman of Chesapeake, told an energy conference this week. “We need to disclose the chemicals that we are using and search for alternatives to the chemicals we are using,” he said.

Read the article here.

Ithaca gears up for gas drilling: Town compiles list of key resources

Read Ithaca gears up for gas drilling by Krisy Gashler:

The Tompkins County Council of Governments — a group of leaders of every municipality in the county — has recommended that municipalities compile lists of resources like prime agricultural lands, unique natural areas, and waterways. The idea is for municipalities to send their lists to the DEC and ask to become “involved agencies” when the DEC is considering specific gas drilling permits.

“Becoming an involved agency would require the DEC to notify townships of potential drilling activity in advance, which is not the current situation, and would allow them to perform their own environmental assessments,” a council of governments documents states. “It is critical for towns to inventory natural resources and submit this information to the DEC once the new draft Environmental Impact Statement is released, meaning there is little time to collect this information.” (Read more)

Marcellus Shale: A tale of two cities

Read Tom Wilbur’s Marcellus Shale: A tale of two cities:

Nearly two years after drilling began in Dimock, residents, rich and poor, have learned to live with the routine din and clamor of drilling rigs and traffic.

As more wells come on line, royalty payments flow in as gas flows out. Some have made millions, while others have made just enough to disqualify them from food stamps… “All we want is a decent place to live and decent water,” said Fiorentino, whose royalty payments have averaged less than $300 a month. “Why do some people get water and compensation, and others don’t?” (Read more)

Natural Gas Prices Plummet to a Seven-Year Low

Natural Gas Prices Plummet to a Seven-Year Low by Clifford Krauss for the New York Times attributes the change to “declining demand and a big expansion of domestic production.” This may mean more shut-in wells as companies rush to drill and lock in leases. Many Cortland landowners report that as soon as gas is found the wells are cemented and added to reserves providing no local revenue.

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