Moratorium

Tens of thousands of new jobs would be created in the Empire State if regulators decide to allow shale development, the New York Department of Environmental Conservation (DEC) reported in the final draft of its report on the environmental impacts of hydraulic fracturing (fracking) on Wednesday.

A moratorium on natural gas well permitting in Flower Mound, TX, is to end Friday, but those applying to drill in the affluent Barnett Shale town from now on will face some tough new requirements recently approved by the Flower Mound Town Council.

New York appears more likely to lift the de facto natural gas drilling moratorium in parts of the state’s Marcellus Shale, but for a variety of reasons — not the least of which is hesitation by operators to commit capital — determining how much of an impact the prospective acreage may have on U.S. gas markets leads to more questions than answers, according to research by Goldman Sachs & Co.

New York appears more likely to lift the de facto natural gas drilling moratorium in parts of the state’s Marcellus Shale, but for a variety of reasons — not the least of which is hesitation by operators to commit capital — determining how much of an impact the prospective acreage may have on U.S. gas markets leads to more questions than answers, according to research by Goldman Sachs & Co.

More than 60,000 jobs have been lost in the Gulf of Mexico region since 2008 due the deepwater oil and natural gas moratorium and sluggish pace of new drilling permits in the area, but 190,000 jobs could be created by 2013 for a total of nearly 430,000 industry-supported jobs nationwide if permitting returns to historic levels and backlogged projects are processed, said a new study by two producer groups

New Jersey isn’t even a player in the shale game, but lawmakers there have decided to leave the stadium altogether.

Anadarko Petroleum Corp., whose extensive Gulf of Mexico (GOM) operations were slammed by the deepwater drilling moratorium, dusted itself off in the first quarter and produced record sales volumes from its U.S. onshore and overseas operations.

Anadarko Petroleum Corp., whose extensive Gulf of Mexico (GOM) operations were slammed by the deepwater drilling moratorium, dusted itself off in the first quarter and on Tuesday reported record sales volumes from its U.S. onshore and overseas operations.

While the debate over drilling on state land in Pennsylvania is focused on parks and forests, another state landowner is looking to collect revenue by selling public resources to the natural gas industry: the Pennsylvania Fish and Boat Commission (PFBC).