New driller Independence Resources Management LLC -- which intends to focus on unconventional shale plays in places like the Anadarko Basin – is getting $500 million in backing from private equity firm Warburg Pincus, the Houston Business Journal reports.
Although sand and water are the primary substances used in fracking, an Environmental Protection Agency analysis of data from FracFocus.org found that nearly 700 chemical additives appear as well, according to The Hill.
Calling it “frustrating,” “terrible” and “distressing,” Democrats and Republicans on Thursday ripped into the Interior Department's new rule on hydraulic fracturing as they heard testimony from the director of the Bureau of Land Management.
At a hearing of a House Natural Resources subcommittee, there was bipartisan dissatisfaction as lawmakers told BLM Director Neil Kornze that the rule was misguided – with Republicans calling the rule a unnecessary burden to industry and Democrats decrying it as too weak on environmental protection.
The Interior Department's final rule regulating the use of hydraulic fracturing for oil and gas on federal and tribal lands met swift legal and legislative pushback from industry groups and congressional Republicans Friday. They said it would hinder energy development and infringe on established state regulatory systems.
But on the other side, Democrats and environmental groups raised concerns that the move didn't go far enough to protect public lands from the oil and gas extraction process.
The Interior Department on Friday unveiled a final rule governing hydraulic fracturing for oil and gas on federal and American Indian lands.
The rule, issued by the Bureau of Land Management, will require companies using the process to strengthen wells with concrete barriers to prevent water zones; disclose the chemicals used to the online FracFocus database; and secure recovered waste fluid with stronger interim storage tanks.
Chevron Corp., Exxon Mobil Corp. and Royal Dutch Shell PLC have virtually given up on shale drilling outside of the U.S. after spending more than five years and billions of dollars in the effort, The Wall Street Journal reports.
The rebound in oil prices following Wednesday’s slump was wiped out late Thursday by news of a jump in the number of rigs drilling for oil in the U.S. Light, sweet crude for August delivery settled down 3 cents to $56.93 a barrel on the Nymex, while in London, Brent finished up 6 cents to $62.07, Dow Jones reports.
The Grain Belt Express, a $2.2 billion transmission line proposed by Clean Line Energy to bring wind power from Kansas to points east, through Missouri, has been rejected by the Missouri Public Service Commission, The Kansas City Star reports.
A $15,000 grant from the Environmental Protection Agency to fund research into cutting particulate emissions from barbecues has attracted criticism from Sen. Rob Portman, R-Ohio, who declared his constituents “should be able to grill in peace,” The Hill reports.
The U.S. role in Copenhagen climate talks in 2009, and media coverage of it, had Secretary of State Hillary Clinton’s attention, judging from the emails released by the State Department this week, E&E reports.
After last month’s pipeline leak near Santa Barbara, Calif., the Pipeline and Hazardous Materials Safety Administration is proposing a requirement that operators notify regulators within an hour of any problem, The Hill reports.