Chesapeake Abandoning New York Gas Leases, Moratorium Drags on

摘要

US gas giant Chesapeake Energy has abandoned its fight to retain 100 expired natural gas drilling leases encompassing roughly 13,000 acres in southern New York, the latest sign that the state's moratorium on hydraulic fracturing — or fracking - isn't likely to end anytime soon. The disputed acreage in Tioga and Broome counties —just north of the state's border with Pennsylvania — is in an area considered prospective for the prolific Marcellus Shale natural gas play.