Nova Scotia is potentially on the hook for millions of dollars in decommissioning costs as ExxonMobil prematurely winds down production at a ...
Readers are led to believe the ads are anti-fracking, but click on them and you're taken to a pro-fracking website, JobCreatorsNetwork.com, that boasts about all the wonderful jobs and economic benefits that drilling and fracking create.
The Ohio Department of Natural Resources announced earlier this month that it will start requiring oil and gas companies to install networks of sensitive seismic monitors on their wells to detect small earthquakes that could be caused by hydraulic fracturing, or “fracking.”
The special requirement will kick in if companies request permits to drill horizontal wells within three miles of known fault lines, or where earthquakes greater than a 2.0 magnitude have already been recorded. If the monitors detect any tremors in excess of 1.0 magnitude, drilling must cease while experts investigate the cause of the seismic activity.
The new rules are the department's response to recent earthquakes in Ohio's Poland Township in Mahoning County — which Rick Simmers, chief of the Ohio Department of Natural Resource's oil and gas division, says have a “probable connection” to hydraulic fracturing activity in the area.
The March earthquakes mark the first time state geologists in Ohio have definitively linked earthquakes to gas drilling. They believe that fracking for gas in the Utica Shale beneath the Appalachian mountains caused five earthquakes in the area by increasing pressure on a previously unknown fault.
Ohio has also imposed an indefinite moratorium on new drilling in the area of the earthquakes, but will allow extraction to continue at five other existing wells at the site.
Two Colorado legislators announced they are introducing a ballot initiative aimed at punishing cities and towns that vote to ban fracking within their borders.
Rep. Frank McNulty of Highlands Ranch and Rep. Jerry Sonnenberg of Sterling, both Republicans, announced they will attempt to get an initiative on the ballot to block local jurisdictions from getting severance tax revenues or grants from Departments of Local Affairs as long as they have fracking bans or moratoria in place.
The state collects severance taxes on income derived from the extraction of non-renewable natural resources, like oil and gas, coal and metallic minerals. Severance taxes also help pay for programs administered by Departments of Local Affairs.
The legislators estimated it will cost about $150,000 to get the initiative on the November, 2014 ballot. According to the Colorado Secretary of State, they would need to gather approximately 86,000 valid signatures.
The lawmakers did not say why they chose a ballot initiative instead of just introducing legislation to achieve this goal, but it could be because they know chances are slim it would pass in Colorado's Democratically-controlled legislature.