Actionable news
0
All posts from Actionable news
Actionable news in REN: RESOLUTE ENERGY Corp,

Oklahoma orders shutdown of 35 wells after earthquake

Low oil prices hit energy stocks

Five months before Saturday's 5.6 magnitude temblor in central Oklahoma, government scientists warned that oil and natural gas drilling had made a wide swath of the country more susceptible to earthquakes.

The U.S. Geological Survey, in a March report on "induced earthquakes," said as many as 7.9 million people in parts of Kansas, Colorado, New Mexico, Texas, Oklahoma and Arkansas now face the same earthquake risks as those in California.

The report found that oil and gas drilling activity, particularly practices like hydraulic fracturing or fracking, is at issue.

Saturday's earthquake spurred state regulators in Oklahoma to order 35 disposal wells, which are used by...


More