GAS DRILLING: Big Week Ahead!

On Wednesday, the DEC will relase its regulations for hydrofraking into shale.......Gov Paterson is to address the NYS Business Council this week and give an update on the Marcellus Shale’s economic potential for boosting the state’s economy. .... Also, this week, Gastem USA, a Canadian company,hopes to reach it a depth of 5,000 feet to test the gas potential of the Utica Shale. This first well is one of three vertical wells that were permitted by the New York State authorities prior to the state’s ban on drilling into shale. See Full article www.evesun.com