from Ithaca Journal
Two energy companies are pulling out of northeastern Pennsylvania, where a three-year moratorium on gas drilling has infuriated landowners who say it’s now cost them a windfall of more than $187 million.
Hess Corp. and Newfield Exploration Co. sent a letter to landowners that notified them their leases are no longer in effect, according to the Northern Wayne Property Owners Alliance, which negotiated a master lease on behalf of more than 1,300 families and businesses.
“The lease is gone. It is no longer in force. They are releasing the properties,” the group’s spokesman, Peter Wynne, said Monday.
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