The People of America's Oil and Natural Gas Indusry

Energy Tomorrow Blog

new-york  new-york-shale-gas  hydraulic-fracturing  horizontal-drilling  fracking  safe-operations  economic-benefits  pennsylvania 

Mark Green

Mark Green
Posted December 18, 2014

Some interesting perspective on New York’s decision to ban hydraulic fracturing – from neighboring Pennsylvania, where safe fracking has lifted the state economy while directly benefiting cities and towns all across the commonwealth.

Jeffrey Sheridan, press secretary for Governor-elect Tom Wolf’s transition team (to the Philadelphia Business Journal):

“Governor-elect Wolf opposes a ban, and he will work hard to make sure the process is safe. … Pennsylvania's natural resources should help the commonwealth become an energy leader, including renewable energy and energy efficiency, as well as a magnet for investment and job creation. Governor-elect Wolf's priority is to ensure that Pennsylvania is an energy leader with all Pennsylvanians sharing in the prosperity.”

Pennsylvanians are indeed sharing in prosperity that’s being generated by shale energy development, via responsible hydraulic fracturing and horizontal drilling: More than $2.1 billion in state and local taxes paid by industry, more than $630 million distributed to communities since 2012 – including more than $224 million in 2014. Plus billions in royalties paid by operators to private landowners.

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fracking  natural-gas  new-york-shale-gas 

Mark Green

Mark Green
Posted May 22, 2013

You’ve got to wonder if New York Gov. Andrew Cuomo gets tired of his state being compared to other states that are taking forward-looking approaches to energy development – and are seeing job creation and economic growth as a result.

Unfortunately for the governor, that’s what you can expect when you’re keeping significant shale reserves underground – delaying jobs and growth – while other states are realizing both from shale development, states like Pennsylvania, Texas, North Dakota and soon, Illinois. 

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hydraulic-fracturing  new-york-shale-gas 

Mark Green

Mark Green
Posted March 8, 2013

A pair of news items this week from New York state:

1) The state unemployment rate rose to 8.4 percent in January, compared with 8.2 percent in December. (Note: The national jobless rate fell to 7.7 percent last month.)

2) The State Assembly voted to extend New York’s moratorium on hydraulic fracturing two more years, to 2015. Although the state has been studying shale energy and hydraulic fracturing during the moratorium, which was imposed in 2008, Speaker Sheldon Silver said community health and safety shouldn’t be jeopardized by “rushing” state reviews.

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