Not all shale leases are created equal
From Wilkes Barre Times Leader: First gas site owners sad at news.
So yes... it may not be surprising and the article will point out the leases had verbiage to the effect that the development was explatory.. Nonetheless, the article also points out that more than a few folks went out and spent their anticipated earnings already. For the one property owner interviewed, his earnings amounted to $1,500 compared to $300K anticipated in the spring if the development had proceeded. Read the news article to see that there was a lot of leasing activity going on before the developers got to this point.
So no.. I don't think this indicates most or even much of the development elsewhere in the state will cease or even slow, but am pretty sure there are some folks spending anticipated royalties that may not add up to what they think they do. Those news stories will come.
For the folks in Luzerne County... there is always a new technology over the horizon.
On the other edge of the development though... despite the fact that I have heard industry representatives try to explain how Pittsburgh is on the edge of the pressure gradient for shale gas and thus probably not economically viable to develop, there is growing development west of us. From the Columbus Dispatch today: Eastern Ohio swept by drillers land rush. So I guess it works to the west of the City of Pittsburgh and to the east... But we are in some geologic void?
From a workforce/economic development perspective, the most interesting Marcellus Shale story of the day is out of New York state where it seems the demand for truckers is having some bad impacts on the dairy industry which is seeing its workforce poached. See this from the Hornell Evening Tribune: Area Farms Hurting From Marcellus Shale Boom. Who says rural journalism is dead? Good stuff.. and stuff not being looked into elsewhere. Where else is other economic activity being impacted by Marcellus-related development? That is a big economic story for the state.
Remember the tempest over security bulletins warning local police against anyone opposing development? Developments there.