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Tuesday, November 19, 2013

Concern Continues Over Earthquakes From Oil and Gas Activities

From Reuters:
Experts say billions of dollars could be at stake, as potential new regulations could affect the oil and gas industry's profits and as lawsuits by property owners with earthquake-related claims make their way through the legal system.
Oklahoma, the nation's fifth-largest oil-producing state, recorded 238 earthquakes through November 18. More than 100 of those were at least a magnitude 3.0 on the Richter scale, tremors large enough to shake shelves and shred nerves.
One series of quakes in September near a newly opened injection well in the southern part of the state damaged several homes.
The quake activity is a far cry from four years ago when the state had but 20 rumblers of 3.0 and above. And from 1991 to 2008 there were no more than three quakes a year of that size in the state.
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