Get 40% Off
🎁 Free Gift Friday: Copy Legendary Investors' Portfolios in One ClickCopy for Free

Oklahoma toughens fracking rules in response to earthquakes

Published 02/28/2018, 10:55 AM
© Reuters.  Oklahoma toughens fracking rules in response to earthquakes
  • Oklahoma’s oil and gas regulator issues new requirements aimed at reducing the risk of earthquakes from fracking in the state's SCOOP and STACK shale regions.
  • The Oklahoma Corporation Commission says all explorers within certain areas must use seismic array equipment, which detects underground movement, and lowers the quake threshold for pausing work from 3.0 magnitude to 2.5 with a mandated delay of at least six hours.
  • Since December 2016, Oklahoma officials say 74 earthquakes of at least 2.5 magnitude may be linked directly to fracking.
  • Oklahoma's leading oil and gas producers include CLR, CHK, DVN, MRO, NFX, XEC and SD.
  • Now read: Chesapeake Energy - Situation Looks Reasonable (Coming From A Former Short)


Original article

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.