The natural gas market is heating up. New players, old players, and big money are lining up at our border. The implications are as large as the shale formation itself.
Where is Dimock, PA? It’s a little west of Montrose, PA. So? Well, if you want to keep up with how natural gas drilling may effect Sullivan County, NY, you’ll want to read this article from the Times-Hearld Record.
The Marcellus is a monolithic geological formation covering a large geographic area including Sullivan County, NY. It’s rich with untapped gas resources. Author Steve Israel does a good job explaining common themes surrounding gas exploration and how it may effect our core life style.
Commentary, opinions, personal observations about the Sullivan County, NY Catskills
Showing posts with label Marcellus Shale Formation. Show all posts
Showing posts with label Marcellus Shale Formation. Show all posts
Sunday, October 18, 2009
Monday, May 25, 2009
Natural Gas Drilling Update
Natural gas drilling is an issue here in Sullivan County, NY-- perhaps a big one. The Marcellus Shale Formation may significantly impact just about everything in our little piece of God's Green Earth. Keeping current is prudent.
Supporters claim economic benefits while enviromentalists predict degradation. Leasing activity has slowed probably based on the slide in natural gas prices over the past nine or so months. Gas firms have, for the moment, packed up--but they may be back when the economy heats up.
The implications for real estate here are considerable. The debate will most likely continue for years to come. Check here from time to time to follow the thread. Here's a link to a brief article discussing one particular aspect of the drilling issue.
Supporters claim economic benefits while enviromentalists predict degradation. Leasing activity has slowed probably based on the slide in natural gas prices over the past nine or so months. Gas firms have, for the moment, packed up--but they may be back when the economy heats up.
The implications for real estate here are considerable. The debate will most likely continue for years to come. Check here from time to time to follow the thread. Here's a link to a brief article discussing one particular aspect of the drilling issue.
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