Thursday, April 9, 2009

State Forest Gas Lease Falls Through

The Associated Press today reported Seneca Resources Corp. refused to sign a $31 million lease it had won last year to drill for Marcellus Shale natural gas on State Forest land.
This story confirms comments by DCNR Secretary Michael DiBeraradinis in February not to expect any windfall from future State Forest land leases on natural gas drilling.
87% of the public supported a severance tax on Marcellus Shale natural gas production in a recent poll, a more reliable way for the environment to benefit from the development of this resource.

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