This is like fraconomics for New York State. A team consisting of a geologist, a systems analyst, and two retired oil and gas execs reviewed data from 2700 Pennsylvania gas wells. The analysis shows that the highest yields are where shale is deepest and thickest. But the Marcellus shale gets thinner and shallower rapidly as it crosses the border into New York, leading to predictions of significantly less production and debunking the industry’s claims of wealth creation. If the wells don’t produce, there’ll be no tax revenues and no royalty checks for drillionaire wannabes.
So does that mean we can all relax and forget about fracking ever happening here? Hardly. While this is better news than if the results had predicted rich, gushing gas wells, this opens up a host of worrisome scenarios. Come to find out more, ask questions and explore the geology of New York State.
Moderated by Professor Anthony Ingraffea. Presentations by geologist Brian Brock, systems analyst Jerry Acton, oil and gas experts Chip Northrup and Lou Allstadt. New York Society for Ethical Culture, 2 West 64th Street, 6:30–9 pm, Doors open 6:00 pm, Suggested Donation $5-10.