The Cuomo administration is seeking to lift what has effectively been a moratorium in New York State on hydraulic fracturing, a controversial technique used to extract natural gas from shale, state environmental regulators said on Thursday.

The process would be allowed on private lands, opening New York to one of the fastest-growing — critics would say reckless — areas of the energy industry. It would be banned inside New York City’s sprawling upstate watershed, as well as inside a watershed used by Syracuse, and in underground water sources used by other cities and towns. It would also be banned on state lands, like parks and wildlife preserves.

It will most likely take months before the policy becomes official. On Friday, the State Department of Environmental Conservation will release a long-awaited study of the process, widely known as hydrofracking. The report will include recommendations about how to proceed, and then there will be a lengthy period for public comments before a final determination can be made.

The agency detailed its recommendations in a statement it released on Thursday afternoon.

“This report strikes the right balance between protecting our environment, watersheds and drinking water, and promoting economic development,” said Joseph Martens, the commissioner of the department, a state agency controlled by the governor’s office.