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Gastem Inc GTMIF

Gastem Inc is a Quebec-based oil and gas exploration and development company. Its main focus is to develop commercial production of the Utica Shale formations in Quebec and New York State as well as exploring the world-class potential conventional structures of the Magdalen Islands and the Magdalen Basin in Quebec. The company's operations include Yamaska Property, St Jean Block, Joly Property, US Appalachia, and the Gulf of St Lawrence.


GREY:GTMIF - Post by User

Bullboard Posts
Post by earlybird_787on Jul 01, 2011 8:21am
294 Views
Post# 18788072

(N.Y) New Recommendations Issued in Hydraulic Frac

(N.Y) New Recommendations Issued in Hydraulic Frac

The Department of Environmental Conservation (DEC) tomorrow (July 1) willrelease its revised recommendations on mitigating the environmentalimpacts of high-volume hydraulic fracturing (high-volume fracturing).The recommendations contain these major revisions:

  • High-volume fracturing would be prohibited in the New York City and Syracuse watersheds, including a buffer zone;
  • Drilling would be prohibited within primary aquifers and within 500 feet of their boundaries;
  • Surface drilling would be prohibited on state-owned land including parks, forest areas and wildlife management areas;
  • High-volume fracturing will be permitted on privately held lands under rigorous and effective controls; and
  • DEC will issue regulations to codify these recommendations into state law.

https://www.dec.ny.gov/press/75403.html

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