Oil & Gas Law Brief : New York Issues Economic Assessment Report Regarding Hydraulic Fracturing

From Keith B. Hall : Louisiana Lawyer : Stone Pigman Walther Wittmann Law Firm:

The New York Department of Environmental Conservation announced today its release of a a lengthy Economic Assessment Report that evaluates the economic effects that would result from the use of hydraulic fracturing within New York.  The DEC stated that its analysis “confirms that high-volume hydraulic fracturing activities could provide a substantial economic boost for the state in the areas of employment, wages and tax revenue for state and local governments.”

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The information released by the DEC today included: its announcement; a two-page Fact Sheet that summarizes economic impacts of hydraulic fracturing; a two-page Fact Sheet that summarizes local and community impacts; and the full, approximately 250-pages-long Economic Assessment Report.
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