Even if the Cuomo administration had allowed fracking in New York State, it’s uncertain that oil and gas companies would have blitzed the borders, according to the Pittsburgh Business Times.
Sam Kusic reports that Jim Tramuto, vice president of governmental and regulatory strategies for Southwestern Energy Co., said operators prefer to be in states that are welcoming and where the companies can have working relationships with regulators. He said, “New York just does not provide that environment.”
On Wednesday, the Gov. Andrew Cuomo announced the official ban of hydraulic fracturing. The decision was made after it was decided that the process posed too many health and environmental risks. New York State officials have been studying the impacts of drilling since 2008, and a moratorium was placed on the process by former Gov. David Paterson in 2010.
Tramuto continued to say how many other locations are available to producers, adding, “You’ve got a lot of really good shale plays out there.” New York sits atop the Marcellus Shale formation, but occupies less than 10 percent of its total acreage, according to Penn State geosciences professor Terry Engelder. He said, “In the big picture, the New York state ban is largely symbolic except for those people along the Southern Tier that may have benefitted.”
As reported by Kusic, energy executive for Pennsylvania’s Corbett administration Patrick Henderson believes New York residents will be affected by the ban the most. He said, “Every enterprise in life comes with some risk. How you manage and mitigate those risks, while realizing the benefits, is the test of leadership … New York’s decision is, in many ways, a compliment to Pennsylvania’s policymakers, environmental regulators, natural gas operators and sensible environmental organizations that Pennsylvania has found a path to protect our environment and local communities while leading the way to energy independence and economic prosperity.”
To read the original report, click here.