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N.Y. penalizes gas-drilling firm
|Fortuna Energy will relinquish acreage it unfairly claimed from more than 300 Southern Tier property owners in the fight over the gas-rich Marcellus Shale, according to the state attorney general's office.|
While the settlement centers on practices of Fortuna, Attorney General Andrew Cuomo characterized the industry's tactics to acquire drilling acreage from property owners as misleading, bullying and deceptive.
"Many of these companies used their size and extensive resources to manipulate individual property owners," he said Tuesday. "This land grab must stop."
Fortuna, based in Elmira, agreed to pay the state $192,500 as part of the settlement.
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