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Water water everywhere, not a drop to drink.

Whoever thought that our next great industry would be selling water?
Drilling Firm Wants C'Town's Water  
By Tom Grace, The Daily Star, Oneonta, N.Y. An out-of-state energy firm is looking to buy Cooperstown's water and use it for natural-gas exploration in the town of Maryland. The village of Cooperstown Water Board is scheduled to meet at 10 a.m. Monday to discuss selling 99,000 gallons of water per day to Covalent Energy of Arlington, Va. The water, roughly 8.25 percent of Cooperstown's water-plant capacity, would come from Otsego Lake, the village's reservoir, and be trucked to Maryland to help Covalent extract natural gas from the Ross farm at 316 Shutter Road. "We hope to get our permits in place in the next few weeks," Covalent's president, Jonathan Kelafant, said Monday. Thirsty for more? Go here.  
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Statistics

There are 194,500 acres represented in the Coalition as of 8/18/2010. The latest gas offers in New York State are $3000/acre with 20% royalties.

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