Covalent has been drilling near Cooperstown, NY. In 2008, it tried to purchase water from the Village of Cooperstown for their deep shale drilling. Jim Austin of The Cooperstown Crier (July 24, 2008) reports that the village board has voted not to move forward with the proposal, and Covalent plans to look to Cortland.
“Personally,” said Trustee Lynne Mebust, “I don’t see an upside for the village.” …
Prior to taking the vote, the board listened to comments from the public, which were largely against the sale of water.
Covalent Energy is a privately held exploration and development company focused on developing domestic and international unconventional energy resources.