Carrizo Drills Exploratory Marcellus Well – in New YorkWhat does...

Carrizo Drills Exploratory Marcellus Well – in New York

What does Carrizo Oil & Gas know about the New York moratorium on fracking we don’t? The moratorium has been in place for 4 1/2 long years now. There are some signs the moratorium may soon end—witness the parade of mainstream news sources granting political cover and “permission” to Gov. Cuomo to make a pro-fracking decision. But the standard operating procedure by the DEC’s Joe Martens until now has been stall and delay.
Enter Carrizo. Today’s Binghamton Press & Sun-Bulletin announces that Carrizo is drilling an exploratory vertical shale gas well outside of Owego, NY (Tioga County), squarely in the “hot zone” of the Southern Tier where gas drilling will take place. Their aim? Find out if shale gas is present in the vertical well, and then turn the well horizontal when and if the moratorium is lifted.


PA DEP Approves 1st New Electric Plant to Use Marcellus Gas

The Pennsylvania Dept. of Environmental Protection (DEP) yesterday issued a permit for the first new electrical power generating plant to be built in the state that uses clean burning Marcellus Shale gas. The new plant will be built in Bradford County over the next 2-3 years. During construction the project will employ up to 500 people.


Range Resources Release Q312 Production Numbers

Range Resources, the original driller of the Marcellus Shale in Pennsylvania, announced its third quarter production results today. All of the numbers that should be up are up. Year over year, Range’s natural gas production is up 52%, natural gas liquids production is up 30%, and oil production is up 36%.