New York state’s 2008 moratorium on a controversial method of extracting underground stores of natural gasknown as hydrofrackingdid not extend the life of drilling rights contracts that energy companies made with upstate property owners past their expiration dates, a federal judge has concluded.
Ruling in two nearly identical actions filed by dozens of property owners in Tioga and Broome counties, Northern District Judge David Hurd (See Profile) rejected arguments by the energy companies that the terms of the drilling rights contracts have been extended by force majeure as long as the companies continue to pay “rental fees” or “delay rentals” on the properties to their owners.
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