Federal government releases new offshore drilling standards
Monday, April 18, 2016
Six years after the Deepwater Horizon offshore drilling rig explosion and oil spill in the Gulf of Mexico, the federal government released standards that intend to prevent the risk of a similar disaster.
According to U.S. News & World Report, the Interior Department’s new standards address well control, including blowout preventers, well design, real-time monitoring as well as cementing and containment.
Read more: U.S. News & World Report > 6 Years After BP Spill, U.S. Issues Offshore Drilling Rule
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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.