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    market news

    New York Sues U.S. Over Delaware River Basin Gas Drilling

    Investing News Network
    Jun. 01, 2011 12:20PM PST
    Oil and Gas Investing

    Bloomberg reports that the federal government has not adequately studied the natural gas drilling in the Delaware River Basin would affect 9 million water drinkers in New York.

    Bloomberg reports that the federal government has not adequately studied the natural gas drilling in the Delaware River Basin would affect 9 million water drinkers in New York.

    The market news is quoted as saying:

    The Delaware River Basin Commission, an authority which oversees activities in the gas-rich area known as the Marcellus Shale, has a pending application from XTO Energy Inc., a unit of Exxon Mobil Corp., to explore in the area, and has refused to produce a full environmental impact assessment, according to Schneiderman’s complaint.

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