Ten Mile River Trader

Found this on the web earlier today.

Bob Madson announced at tonight’s GNYC Camping Committee meeting that they
have a preliminary offer from a firm to extract natural gas from T.M.R.
property. GNYC is guarenteed $3 million to sign the contract and about $1 millon
per year in income over the next 40+ years if gas is found. The operation
would place 30-40 wells at locations all over TMR but away from the operating
camps. A gas pipe would be buried below the Schiff Trail and connect with the
natural gas pipeline which already crosses TMR property near the south end
of Lake Nianque.

Bob said that if this took place it would virtually guarentee that no T.M.R.
property would be sold over the next 40 years.

Here is a bit of background from the River Reporter a local Sullivan County newspaper. Seems there has been a lot of activity on the PA side too.

These independent contractors are asking property owners to sign leases that will allow gas companies to explore for natural gas, which is believed to be beneath the local land mass in large deposits.

According to the experts, there are three main reasons why this is happening.

First, the cost of oil has been steadily rising over the last few years, reaching the unheard of price of $100 a barrel. By contrast, the cost of natural gas from a local well is much cheaper.

Second, geologists are telling the industry that there is evidence that very large deposits of gas are contained in a geological formation called the Marcellus Shale, which extends from Tennessee northward into central and northeastern Pennsylvania, including Wayne County, and the Southern Tier of New York State, including Sullivan County.

Third, new drilling techniques, principally developed by Halliburton, called horizontal drilling, can now recover gas deposits that were unrecoverable a short time ago.

If this pans out (to mix metaphors), it would help to maintain the camp for years to come.