Federal fracking rules announced for wells on public lands
Friday, March 20, 2015
The Obama Administration revealed the country’s first federal fracking regulations on March 20, according to The New York Times.
The regulations, which apply to oil and gas wells on public land, will allow government workers to inspect the safety of the cement barriers that line wells. Oil and natural gas companies will also be required to disclose the chemicals that are used for fracking within 30 days of fracking completion. In addition, companies will have to provide the Bureau of Land Management with detailed information on well geology.
The regulations will go into effect in 90 days. These regulations will likely be the first set of federal rules to be issued by the Obama administration.
Via: The New York Times > Obama Administration Unveils Federal Fracking Regulations
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Shale FAQ
What are mineral rights?
Mineral rights are the rights of the owner of the property to mine or produce any resources below the surface of the property. Mineral rights are different from surface rights.
Will I get free natural gas if I allow fracking on my property?
Maybe. It depends on your particular lease agreement. Some companies allow property owners a yearly free gas allowance. But, the process of connecting your property to the gas source may be more complicated. Some companies will provide a hookup, others require the landowner to provide one.