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Thursday, November 15, 2012

Judge Rules Against Gas Giants On Lease Extensions

Gas companies lose battle to extend leases in Broome, Tioga

 Star Gazette
ALBANY — Attempts by energy companies to extend oil-and-gas leases because of New York’s inaction on hydraulic fracturing were invalid, a federal judge ruled Thursday.

In separate but similar decisions, U.S. District Court Judge David Hurd ruled against natural-gas giant Chesapeake Energy and Denver-based Inflection Energy, which had claimed that the state’s de facto moratorium on fracking was reason to extend leases with landowners.

The rulings will immediately end the gas leases for at least 65 landowners in Tioga and Broome counties when they file the decision with their county clerks. The companies have 30 days to appeal. Read more...

1 comment :

Anonymous said...

Waah waah boo hoo. I feel so bad. Now you have to pay fair market value??? Hahahahahaha