Wednesday, October 2, 2013

Shock Fact: 78% Of Marcellus Wells Already Have Paid Off All Costs And So Industry Can Pay To Meet Tough Rules

Marcellus Shale wells are less than 7 years old, but 78% of those wells, nonetheless, have already paid off all their costs. These wells are incredibly profitable and can well afford to meet tough rules!

The debate should end about banning drilling pits, requiring the best pollution controls on compressor engines, limiting flaring, treating fully drilling wastewater, paying for pipelines to homes whose water has been contaminated, and reducing substantially methane leakage.  These wells are generating more than enough cash to pay for these measures as well as a real drilling tax.

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