Gas at a glance
September 14, 2011 —
October 21 meeting set on DRBC drilling regulations
The Delaware River Basin Commission (DRBC) announced it has scheduled a special meeting on October 21 to consider regulations covering Marcellus Shale natural gas drilling operations in the Delaware River Watershed. The DRBC has received more than 69,000 comments on the draft regulations and held six public hearings to collect comments. The meeting will be held from 1 to 3 p.m. at Patriots Theater at the War Memorial in Trenton, N.J. The meeting will not include a public hearing. Visit www.state.nj.us/drbc/newsrel_naturalgas090611.htm for more information.
Cabot loses rights and money in local legal matchup
The New York Law Journal reports that Supreme Court Justice James P. Gilpatric, sitting in Sullivan County, has barred Cabot Oil & Gas Corp. from “exploring, drilling, producing and marketing oil, and natural gas and other hydrocarbons” under the residential subdivision, Weiden Lake Community, in the Town of Tusten, NY. The judge also barred Cabot from recovering the $99,255 signing bonus it paid to Jeff A. Klansky for the rights to explore and drill under his property. Justice Gilpatric also said the company should have known that a restrictive covenant would preclude the agreement it reached with the property owner. “[T]he evidence clearly demonstrates that Cabot, a sophisticated business entity, made a calculated and knowing decision to enter into the lease, approve title and pay the signing bonus with full knowledge” of the protective covenant and the opposition of the property owners’ association, Gilpatric held in Weiden Lake Property Owners Association Inc. v. Klansky and Cabot Oil, 3885/09. “Therefore, it is not entitled to rescission of the lease under a mistake of law.” See www.law.com/jsp/nylj/PubArticleFriendlyNY.jsp?id=1202512312404&slreturn=... for more information.