Finally Ready To Drill: NY Shale Development — Part 1
January 22, 2013, 12:24 PM EST
Law360, New York (January 22, 2013, 12:24 PM EST) -- In 2012, New York state’s environmental review of high-volume hydraulic fracturing — a technology necessary to develop deep shale formations — surpassed the four-year mark. This process, consisting of a myriad of regulatory documents and significant public comment and controversy, has resulted in a complete halt on shale development in New York. Optimistically, this unimaginably lengthy and tiresome process is expected to conclude in early 2013.
New York’s Department of Environmental Conservation recently elected to extend its ongoing rulemaking for high-volume hydraulic fracturing rather than let...