Attorney Matt McHugh who prepared the proposed drilling ordinance was quoted as saying that “there are no known deposits of natural gas or oil in any of the three townships…” Until someone actually makes a producing well, deposits are termed “undiscovered” but that does NOT mean they aren’t known to be there. Back in 2011 the USGS did a study of the South Newark Basin Shale formation which included data from one well never put into production. James Coleman, a researcher for the U.S.G.S said, “We think there’s a 90 percent probability that there’s gas in the South Newark Basin and that gas is between 363 billion cubic feet and 1,698 billion cubic feet.”
Coleman was speaking to Susan Phillips of State Impact who wrote an excellent article you’ll find on the StateImpact site. I’d say the odds are only slightly less than a sure thing that somebody will want to drill in Bucks if given the opportunity.