Yelling At The Rain: Why Pennsylvania’s Natural Gas Industry Has Nothing To Fear From A Norse Energy Outcome in Robinson Township v. Commonwealth
By: Brendan O’Regan, Associate On October 10, 2013, Norse Energy Corp. ASA, and its parent, Norse Energy Holdings, Inc., announced their conversions to Chapter 7 bankruptcy liquidations.[1] Norse Energy’s operations were concentrated on hydraulic fracturing of the Utica Shale (i.e., “fracking” of natural gas resources).[2] Though Norse Energy’s bankruptcy statement was limited to a few lines, its impetus for pulling out of the New York shale gas market was summed up by the Independent Oil & Gas Association of New…