Frack Calculator
December 13th, 2011

The Independent Oil and Gas Association is eager to get started with this whole hydraulic fracturing thing and they want New York residents to see how much tax revenue their counties could pull in if and when it becomes sanctioned by the Department of Environmental Conservation. To that end they have created a calculator tool on their website. You can find it here. All you do is choose your county and click a button. Fortunately/unfortunately for me the calculator told me that my county (Albany, AKA The 518) is, “an unlikely candidate for Marcellus development.”

This simple calculator on the IOGA of NY websites homepage tells a dramatic story in just a few words, said John Holko, president of Lenape Resources in Alexander and an IOGA of NY director, in a statement. The calculator shows the amount of ad valorem tax the operator pays to a county in one year if only one Marcellus Shale well would be drilled in that county. This tax revenue stays in the county and supports essential services to county residents.

Fracking opponents say fracking could cost counties and the state a great deal of money if the waste water from the process contaminates local water sources. They also say that those who lease their land to oil and gas companies may not come out as well as they might hope because of the cost of possible water contamination.

By on December 13, 2011, 4:48 pm
In category: Albany,Environment,Eye on Albany | 21 Comments »

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21 Responses to “Frack Calculator”

  1. James "Chip" Northrup Says:
    December 13th, 2011 at 7:02 pm

    Problem is that few if any counties in New York are economic for horizontal shale gas at current or projected prices.

    Nothing times nothing = nothing

  2. Smarter Energy Now Says:
    December 14th, 2011 at 10:26 am

    Chip, a rising tide lifts all boats. More income into municipalities means less tax burden for the state. More people working is an influx of income and influx of tax revenue. Not everyone is living off what their daddy left them, you know.

  3. unclefracker Says:
    December 14th, 2011 at 10:33 am

    Chip is relegated to the comment sections of blogs because he’s been exposed and discredited as a reliable source on the subject. Steam away, Chip. lol

  4. Ryan Says:
    December 14th, 2011 at 11:01 am

    Chip, you once again pick and choose your “facts” to try to further your anti-development cause. One minute you try to scare people that the industry will swarm in and overwhelm us, the next the industry will do nothing and create no tax revenue…

    And last I checked, there are few if any counties in New York that aren’t in dire need of an influx of revenue, now and in the future. Also, last I saw a map of the shale acreage in NY (Utica and Marcellus), it covered about half of the state.

    Can you please stop twisting half truths to scare people in an effort to avoid job creation and development in the area of your vacation home in upstate NY? Thank you.

  5. Bill Says:
    December 14th, 2011 at 5:08 pm

    Much to your illusion Chip, natural gas development will bring tax revenue and economic development to New York State just like it prolifically has in Pennsylvania! You and I both know the marcellus formation does not magically stop at the border of New York and Pennsylvania, so stop trying to make people believe otherwise. Furthermore, as much as you try to tell people New York does not have any natural gas taxing structure in place, you cannot hide especially when your called out about it during your presentations – the fact that Ad Valorem has been utilized for many years. In this clip below you can see Chip caught in a hard place as an audience member asks about the Ad Valorem tax to which Chip responds (tongue tied) that NY does have a tax before hurrying to wrap up his Q & A session as quickly as it began.

    In the next of clip, you will see Chip losing his cool when an audience member tries to refute his earlier statements about Ad Valorem. Notice the contempt he exhibits toward Earl Colley (the audience member) even making fun of his last name as a way to get around the question. Pay attention to how nasty Chip get towards the audience member.

    For more information on Chips antics check out these blog posts:

  6. Jon Says:
    December 15th, 2011 at 8:43 am

    I find it so funny that some people feel the need to be negative no matter what. The bottom line is that there will be immense economic benefits to small towns in the Marcellus region if drilling ever commences. He knows it too. Once schools start hiring more teachers and the local library gets a facelift, he loses the last bit of relevance he has. Along with his buddy the hipster filmmaker.

  7. Tom Shepstone Says:
    December 18th, 2011 at 7:13 am

    The calculator is a great tool and provides insights into the economic revitalization Upstate New York so desperately needs and that is now on the horizon. As for Chip’s comments? Well, he’s a Texas land developer and solar energy guy. I’m not sure he knows a whole lot about any part of New York outside the confines of Cooperstown society.

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