New York’s hold on high-volume hydrofracking has entered its sixth year. So Norse Energy first tried to stay afloat until fracking’s approval, then gave up and converted to Chapter 7, a complete shutdown of operations. The company and fracking supporters cited the state’s de factor moratorium as the obvious culprit.
Norse’s former chief legal officer Dennis Holbrook says drillers just can’t compete anymore using the drilling methods still allowed in New York.
“The easiest analogy I could give you, if you had a Model T and you were racing other Model T’s and you were doing fine and the next generation of vehicles comes out and you were still being told that all you can do is use your Model T.”
But the company was still drilling vertical wells in New York. In 2010, Norse approached Buffalo-based Bradford Drilling Associates about a 30-well project in the Herkimer sandstone formation.