Remember when Pennsylvania was going to be the Texas of the natural gas boom? Were we ever that young and naive?
IT WAS JUST a couple of years ago that fracking was booming in upstate Pennsylvania's Bradford County, and Janet Geiger, a retired hospital worker living on a 10-acre spread near the New York border, could count on getting a $300 to $400 check every month from the gas giant Chesapeake Energy Corp., which was drilling under her land.
But both the gas and the checks - with the financially ailing Chesapeake now claiming big deductions - dwindled until finally, in March, a check never showed up. "I thought the mail had gotten lost," said Geiger, 74, but after a week she finally reached someone with the Oklahoma gas driller who explained "they didn't have a buyer [for the gas] that month."