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Oil and Gas Industry News

ALBANY, N.Y. — (AP) — Natural gas drilling companies would be banned in New York from using an extraction method that involves injecting large amounts of liquified carbon dioxide deep underground under a bill moving through the state legislature.

The measure would immediately block a Texas company that wants to use the method as an alternative to hydraulic fracturing with a water-based solution.

The bill passed in the state Assembly on March 12. The state Senate is expected to vote and pass the legislation on Wednesday.

The company, Southern Tier Solutions, says on its website that it wants to use carbon captured from power plants, rather than water, to extract natural gas in New York’s Southern Tier, where the underground rock formations make more traditional drilling methods unprofitable.

Opponents say the company is simply trying to use a different mix of chemicals to circumvent New York’s ban on hydraulic fracturing, and they claim that using captured carboninstead of water involves many of …

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