New fracking film starring Matt Damon set for release in December

A new film about hydraulic fracturing will hit theaters this December, but this time it's a feature film, not a documentary. "Promised Land" stars Matt Damon as Steve Butler, a gas company representative who comes to a rural, economically depressed town offering financial salvation in exchange for natural gas drilling leases. The film is being directed by Oscar-nominated director Gus Van Sant, who directed Damon in "Good Will Hunting."


The story behind "Promised Land" is very similar to that of real-life rural town, Dimock, Pa., where a group of residents complained that injection-well drilling caused gas to leak into their water, Mike Soraghan of Energy and Environment News reports. State officials said shoddy drilling contaminated 18 properties, and shut down the company, Cabot Oil & Gas Corp for more than two years. A $4.1 million settlement was eventually reached, giving the homeowners twice the value of their homes and restoring their mineral rights.

The film also stars Frances McDormand and Hal Holbrook, and was written by Dave Eggers, who wrote the book, A Heartbreaking Work of Staggering Genius. The movie is likely to please environmentalists and critics of drilling while angering drilling companies, Soraghan reports. Energy and Environment News is behind a paywall, but free trials can be accessed here.

Small theaters seeking residents' financial help to convert to digital, as moviemakers demand

Moviemakers are making the switch from 35-mm film to digital, and are forcing all theaters to make the change within the next two years. It will save Hollywood movie producers about $2.5 million per movie, but it costs small, rural movie theaters sometimes hundreds of thousands of dollars to convert, a price most can't afford. Several towns have held fundraisers to save their downtown theaters, which would otherwise likely be forced to close.

Tom Cherveny of the West Central Tribune in Willmer, Minn., reports that a block party in downtown Madison, Minn., recently raised more than $20,000 from 650 people, almost half of the town's 1,500 residents, toward saving its two-screen Grand Theatre. The theater is now more than $75,000 closer to its $100,000 goal to buy digital conversion equipment. Maynard Meyer, owner of KLQP Radio in Madison and leasee of the Grand, told Cherveny he and office manager Kris Kuechenmeister are lucky to break even on the theatre operations, but that the theatre's importance lies in the quality of life it brings to Madison residents.

Other small theaters in rural America are dealing with similar financial issues, including the Capital Cinemas in Princeton, Ky. Owner Heidi Boyd, left, told the Princeton Times Leader's Stacey Menser that she needs to raise about $200,000 for the conversion. The town's resident's are pitching in to help (link requires subscription). Theater owners in North and South Dakota said they are facing similar financial issues.