Controversial NY Fracking Deal To Be Restructured

Law360, New York (May 2, 2012, 5:46 PM EDT) -- An environmental consulting firm and a group of New York landowners announced Monday they were reworking an oil and natural gas development deal that could allow them to circumvent the state’s effective ban on hydraulic fracturing, saying the original agreement was too complex.

ECORP International LLC and the Tioga County Landowners Group said they were looking at alternative approaches to an agreement signed in late March that would have opened 135,000 acres of land in New York’s Southern Tier for natural gas development.

Under the agreement,...
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