My Photo

David Knudsen

Become a Fan

Search This Blog

  • Google

    WWW
    blog.catskill4sale.com

Catskills Buyer Agency

  • Judith Haas-Siegel
    Licensed Broker
    3 California Ave.
    Liberty, NY 12754
    845-295-9500

« Unhitch Those Hoses | Main | The $100,000 Getaway Challenge »

October 19, 2009

Comments

Did you see this?

What's going to happen Dave????


http://www.recordonline.com/apps/pbcs.dll/article?AID=/20091018/NEWS/910180327


Sullivan County would do well to look at Pennsylvania experience with fracking / Drilling has brought benefits and troubles

Yup, I saw it. It posted as a comment on another thread, and a few different folks emailed it to me yesterday. I don't have a crystal ball and don't know what's going to happen on the NY side. But I do think drilling on this side will be somewhat different. PA, in general is a much less regulated state. Sure, you enjoy lower taxes on that side, but the flip side is less regulation, from zoning and subdivision to gas drilling. One of the most interesting facts in that article is that there have been 94 wells drilled in that part of PA over the past two years. As of yet, there have been none drilled in Sullivan.

It's also interesting that leasing by the gas companies over in Wayne County has been going full bore, but has virtually stopped here in Sullivan. It isn't just the economy — Hess just struck a multi thousand acre, multi million dollar leasing deal over in Wayne. I don't think the gas companies are anywhere near as confident they will prevail and get their way on the NY side. I do think that horizontal drilling in some form will be approved for this part of the Catskills, but likely with far more restrictions, regulation and oversight — and that will translate into higher extraction costs for the gas companies.

The next few months are going to be very interesting, as the DEC works through the approval process for the supplementary environmental impact statement. The anti-drilling forces and the "let's go slowly and be cautious" forces are well organized and getting better organized every day, as drilling grabs headlines. I think the gas companies have realized they have formidable foes in New York and it's not going to be a slam dunk. If they believed it would be quick, easy and all to their liking, they'd be leasing like mad over here, wouldn't they?

I don't see legislative paralysis necessarily helping the gas drillers. What it shows is that New York is drowning in red tape, and red tape is somethimg you don't want if you're a gass driller.

But there's no question that we've got to be vigilant to keep the gas drillers from turning Sullivan into another Houston.

This most basic survey refers to a DEC draft. Where can we see it? Can't answer the question if we haven't seen the draft

Verify your Comment

Previewing your Comment

This is only a preview. Your comment has not yet been posted.

Working...
Your comment could not be posted. Error type:
Your comment has been saved. Comments are moderated and will not appear until approved by the author. Post another comment

The letters and numbers you entered did not match the image. Please try again.

As a final step before posting your comment, enter the letters and numbers you see in the image below. This prevents automated programs from posting comments.

Having trouble reading this image? View an alternate.

Working...

Post a comment

Comments are moderated, and will not appear until the author has approved them.