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New York would benefit from Marcellus drilling, new study says

By Bob Downing Published: May 6, 2013

From the Manhattan Institute/Empire Center today:

Albany, NY:

 

If all New York counties above the Marcellus Shale were to begin drilling, resident’s incomes could collectively expand by 15% or more over the next four years, according to a new report released by the Manhattan Institute/ Empire Center. In 2013, New York governor Andrew Cuomo will decide whether to end or extend the state-wide moratorium on natural gas fracking. In weighing his choice, Cuomo should look to the experience of Pennsylvania, New York’s neighbor to the south.

 

Authored by MI senior fellow and former chief economist at the U.S. Department of Labor Diana Furchtgott-Roth, the Manhattan Institute/ Empire Center Growth & Prosperity report, The Economic Effects of Hydrofracturing on Local Economies: A Comparison of New York and Pennsylvania, analyzes the effect of shale gas drilling on jobs and income growth in Pennsylvania counties to project the benefits that New York stands to gain if the state again permits fracking.

 

 

The report’s key findings:

 

  • Using the Pennsylvania data to project hydrofracking’s effect on New York counties, we find that the income of residents in the 28 New York counties above the Marcellus Shale has the potential to expand by 15 percent or more over the next four years—if the state’s moratorium is lifted.

 

  • Our data also suggest that had New York allowed its counties to fully exploit the Marcellus Shale, those counties would have seen income-growth rates of up to 15 percent for a given four-year period, or as much as 6 percent more than they are experiencing.

 

 

The Pennsylvania experience:

 

  • Pennsylvania counties with hydrofractured gas wells have performed better across economic indicators than those that have no wells.

 

  • The more wells a county contains, the better it performed.

 

  • Between 2007 and 2011, per-capita income rose by 19 percent in Pennsylvania counties with more than 200 wells, by 14 percent in counties with between 20 and 200 wells, and by 12 percent in counties with fewer than 20 wells.

 

  • In counties without any hydrofractured wells, income went up by only 8 percent.

 

  • Counties with the lowest per-capita incomes experienced the most rapid growth.

 

  • Counties with more than 200 wells added jobs at a 7 percent annual rate over the same time period.

 

  • Where there was no drilling, or only a few wells, the number of county jobs shrank by 3 percent.

 

 

To read the report visit http://www.manhattan-institute.org/html/gpr_01.htm#.UYets8pMx-0

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Utica and Marcellus shale web sites

Ohio Department of Natural Resources' Division of Oil and Gas Resources Management State agency Web site.

ODNR Division of Oil and Gas Resources Management. State drilling permits. List is updated weekly.

ODNR Division of Geological Survey.

Ohio Environmental Protection Agency.

Ohio State University Extension.

Ohio Farm Bureau.

Ohio Oil and Gas Association, a Granville-based group that represents 1,500 Ohio energy-related companies.

Ohio Oil & Gas Energy Education Program.

Energy In Depth, a trade group.

Marcellus and Utica Shale Resource Center by Ohio law firm Bricker & Eckler.

Utica Shale, a compilation of Utica shale activities.

Landman Report Card, a site that looks at companies involved in gas and oil leases.FracFocus, a compilation of chemicals used in fracking individual wells as reported voluntarily by some drillers.

Chesapeake Energy Corp,the Oklahoma-based firm is the No. 1 driller in Ohio.

Rig Count Interactive Map by Baker Hughes, an energy services company.

Shale Sheet Fracking, a Youngstown Vindicator blog.

National Geographic's The Great Shale Rush.

The Ohio Environmental Council, a statewide eco-group based in Columbus.

Buckeye Forest Council.

Earthjustice, a national eco-group.

Stop Fracking Ohio.

People's Oil and Gas Collaborative-Ohio, a grass-roots group in Northeast Ohio.

Concerned Citizens of Medina County, a grass-roots group.

No Frack Ohio, a Columbus-based grass-roots group.

Fracking: Gas Drilling's Environmental Threat by ProPublica, an online journalism site.

Penn State Marcellus Center.

Pipeline, blog from Pittsburgh Post-Gazette on Marcellus shale drilling.

Allegheny Front, environmental public radio for Western Pennsylvania.