|It worked out for him|
With stories like this becoming more frequent, it must be getting very difficult for Andy Coumo and our state employee unions to continue to forgo the potential tax revenue here in New York.
Two unexpected gushers in northeastern Pennsylvania are helping to illustrate the enormous potential of the Marcellus Shale natural gas field.
Each of the Cabot Oil & Gas Corp. wells in Susquehanna County is capable of producing 30 million cubic feet per day — believed to be a record for the Marcellus and enough gas to supply nearly 1,000 homes for a year. The landowners attached to the wells, who leased the well access, numbering fewer than 25, are splitting hundreds of thousands of dollars in monthly royalties.We'd wager those royalties are being spent on F-150s, not Saabs. That's the heart of the matter.
For those who missed it, here's what's going on in the photo:
Jed Clampett is told by a representative of an oil company that the swamp behind his shack is full of oil. (The oil company employee has been hauled in by Jed's daughter Elly May who asks whether she can keep him.) Later, Mr. Brewster, the head of the oil company, does a deal with Jed. Jed tells Cousin Pearl that he'll receive 25 to 100 of "some new kind of dollar." Pearl, thinking Jed has been "slickered", asks what kind of dollar he's talking about. "Million dollars," Granny, Jed's mother-in-law, replies. "Jed, you're a millionaire," Pearl says.