Jul 6, 2009 2:28 pm US/Eastern
NY Natural Gas Production Down 8 Percent In 2008
ALBANY (CBS) ―
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State officials say natural gas production in New York dipped in 2008 to just more than 50 billion cubic feet, down 8 percent from 2007 and 9 percent from the all-time high of just more than 55 billion cubic feet in 2006.(File)
AP
State officials say natural gas production in New York dipped in 2008 to just more than 50 billion cubic feet, down 8 percent from 2007 and 9 percent from the all-time high of just more than 55 billion cubic feet in 2006.
Landowners received nearly $61 million in royalties and local governments received $15 million.
Gas production was driven by prolific wells in the Trenton-Black River formation in the Finger Lakes and increased production from other traditional formations.
Drilling in the Marcellus shale region of southern New York is on hold until the state Department of Environmental Conservation publishes a draft of an environmental impact statement later this summer. That region is expected to provide a significant boost to the state's production.
Pete Grannis is the commissioner of the Department of Environmental Conservation.
(© 2009 CBS Broadcasting Inc. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed. The Associated Press contributed to this report.)
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