NETL Study of Faults & Fracking, Are We Being Set Up?
Using Greene County, Pennsylvania as a living laboratory, the U.S. Department of Energy’s National Energy Technology Laboratory (NETL) is testing whether or not faults, or large cracks that sometimes exist through multiple rock layers, can create a pathway for hydraulic fracturing fluids to migrate to aquifers.
That is, they’re testing whether or not fracking can pollute groundwater supplies under certain conditions.
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Yesterday Ohio Gov. John Kasich signed new oil and gas legislation into law that will impact shale gas drilling in his state. For a summary of what’s in the new law,
Aubrey McClendon, CEO of Chesapeake Energy, had a tough day last Friday at the annual shareholder’s meeting at Chesapeake’s headquarters in Oklahoma City . Shareholders passed a number of votes against the sitting board and against McClendon. McClendon had previously announced that Chesapeake’s two largest shareholders, Southeastern Asset Management and Carl Ichan will be allowed to nominate four new board members and a new chairperson, replacing more than half of the board. The new members are slated to begin later this month. Still, shareholders withheld approval of two sitting board members up for re-election. They both promptly offered their resignations.