If you've no account register here first time
User Name :
User Email :
Password :

Login Now

Fortuna Energy Turns To PA Wells As NY Debates Regulatory Issues

natural_gas_drilling.jpgOil prices have been failing and the economy is in a recession but Fortuna Energy is spending at least $160 million to develop infrastructure to drill up to 40 natural gas wells in Bradford County, Pa., pressconnects.com reports.

The plans are part of a pilot project to test the potential of the reserve south of New York’s border. New York is on hold while the state wrangles over industry regulations.

The company’s large investment shows growing confidence in the potential of the Marcellus to become a domestic energy source. But how the project develops depends on the outcome of public debates over its economic promises and its environmental impact.

Become a More Effective EHS Leader for Your Retail Business
Sponsored By: VelocityEHS

  
Merging Industrial Air and Water Pollution Solutions Provides Better Results, Lower Cost
Sponsored By: Anguil Environmental Systems

  
Real-Time Data as a Foundation to Drive Sustainability Performance
Sponsored By: Sphera Solutions

  
How the Industrial Internet of Things (IIoT) Can Improve Your Business Operations
Sponsored By: Digital Lumens

  

Leave a Comment

Translate »