Chesapeake Energy Corporation (CHK), Cabot Oil & Gas Corporation (COG), Range Resources Corp. (RRC): Is Another Fracking Skeptic About to Crack?

As Cuomo pointed out, the economic benefits of fracking are inarguable, these drilling companies also must see an inarguable economic benefit from drilling in New York. There are few companies that can actually deliver real profits from current natural gas prices, with the key being a low cost structure which leads to high well economics. Even if Cuomo cracked and allowed New York to frack, it would likely be highly regulated, which could actually price it out of the range of many drilling companies that are more focused now than ever on actually producing economic results. So, even if this fracking skeptic does crack and lift the moratorium it might not have the immediate economic boom that many hope, which is a shame because despite the wonderful summers, the economic winter in the region just never seems to end.

The article Is Another Fracking Skeptic About to Crack? originally appeared on Fool.com and is written by Matt DiLallo.

Fool contributor Matt DiLallo has no position in any stocks mentioned. The Motley Fool recommends Range Resources. The Motley Fool has the following options: long January 2014 $30 calls on Chesapeake Energy.

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