Industry group concerned about prolonged N.Y. fracking ban

04/23/2013 | SNL Financial (free content)

New York's lengthened hydraulic fracturing moratorium places thousands of industry-supported jobs at risk, according to the Independent Oil & Gas Association of New York. "We are tremendously anxious that a profound misunderstanding and misrepresentation of the processes for indigenous natural gas production may now prevail in New York, rather than fair consideration based on science and real-world experience," wrote Brad Gill, the group's executive director, in a letter to Gov. Andrew Cuomo. New York in 2008 granted 550 drilling permits, but the number dropped to 163 in 2012, he said.

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