Oil & Gas Cos. Defend Hydrofracking

February 17, 2012 Updated Feb 17, 2012 at 10:21 AM EDT

By WKBW News

February 17, 2012 Updated Feb 17, 2012 at 10:21 AM EDT

New York is considering allowing high volume hydrofracking as it examines potential risks. Across the state line in Pennsylvania, the drilling procedure to remove natural gas from deep below the earth's surface is common.

So we headed to Bradford to see how that city is handling the hydrofracking boom.

Minard Run Oil Company is 137 years old and is now working with a national company to frack for natural gas.

Opponents say it raises too many environmental concerns like water contamination and pollution. But CEO Fred Fensenmyer says his team follows strict guidelines, "That means from the time the roads are built, locations, pipelines, everything involved in drilling a Marcellus well, we are attempting to abide by the recognized rules and regulations."

The New York State DEC is reviewing thousands of comments from the public about allowing such fracking here. A decision is likely months away.

You can read more about the impact in New York in the new edition of Business First.

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