• 4 minutes Oil Price Editorial: Beware Of Saudi Oil Tanker Sabotage Stories
  • 7 minutes Mueller Report Brings Into Focus Obama's Attempted Coup Against Trump
  • 11 minutes Magic of Shale: EXPORTS!! Crude Exporters Navigate Gulf Coast Terminal Constraints
  • 14 minutes Wonders of Shale- Gas,bringing investments and jobs to the US
  • 3 hours Why is Strait of Hormuz the World's Most Important Oil Artery
  • 4 hours Level-Headed Analysis of the Future of U.S. Shale Oil Industry
  • 16 hours Another surprise 'build'
  • 19 hours Struggle For Supremacy: Kremlin Condemns Alleged U.S. Ultimatum To Turkey Over Missile Deal
  • 12 hours Apple Bid To Buy Tesla in 2013 For $240 a Share
  • 15 hours Trump bogged down in Mideast quagmire. US spent $Trillions, lost Thousands of lives, and lost goodwill. FOR WHAT? US interests ? WHAT INTEREST ? . . . . China greatest threat next 50 years.
  • 16 hours CLIMATE PANIC! ELEVENTY!!! "250,000 people die a year due to the climate crisis"
  • 3 hours California's Oil Industry Collapses Despite Shale Boom
  • 24 hours Solar Cheaper than Coal
  • 16 hours IMO2020 To scrub or not to scrub
  • 16 hours IMO 2020 could create fierce competition for scarce water resources
  • 1 day Crude oil?
  • 3 hours Some Good News on Climate Change Maybe
On The Cusp Of War: Why Iran Won’t Fold

On The Cusp Of War: Why Iran Won’t Fold

Iran’s Supreme Leader Ayatollah Khamenei…

No, The Oil Glut Hasn’t Disappeared

No, The Oil Glut Hasn’t Disappeared

Weaker than expected oil demand…

Oklahoma Earthquake Gives More Impetus To Fracking Fears

Oklahoma was struck by a magnitude 5.1 earthquake on Saturday, the third-strongest quake ever recorded in the state, which has experienced a surge in seismic activity in recent years, feeding ongoing fears about the connection to hydraulic fracturing.

A total of nine minor earthquakes were reported, according to the U.S. Geological Survey. The quakes were felt across Kansas, Missouri, New Mexico, Nebraska, Texas, Arkansas and Iowa.

The epicenter was near the East Campbell Gas Field and about 75 miles west of Cushing—the “Pipeline Crossroads--and one of the largest oil storage hubs in the world.

Oklahoma is one of the top five oil production states and accounts for some 3 percent to 4 percent of total U.S. output. The U.S. Energy Information Administration last week raised its estimate for total state production by 100,000 barrels per day, up 25 percent to 30 percent percent.

While Oklahoma’s oil fields have experienced a boom over the past decade thanks to fracking and horizontal drilling, the state also reported 907 earthquakes of magnitude last year. This represents a 54 percent increase in earthquakes from 2014 alone.

Related: Is Venezuela Trying To Hide Oil Assets With This Bizarre Move?

In January, earthquakes in Oklahoma led to calls for the governor to make changes to oil and gas drilling regulations. Regulators responded by ordering companies within 10 miles of the earthquake's epicenter to reduce their well disposal activity.

Activists and local residents criticize efforts as falling short of what is necessary.

In late January, two lawsuits in Oklahoma were brought accusing more than a dozen oil and gas companies of triggering recent earthquakes by disposing of their drilling waste in deep wells.

Related: UAE Offers India Free Oil To Ease Storage Woes

The lawsuits target Devon Energy Production, Grayhorse Operating, Marjo Operating Mid-Continent, New Dominion, Northport Production, Pedestal Oil, Rainbow Service, R.C. Taylor Operating, Special Energy, Sundance Energy, TNT Operating and White Operating. The suits allege that these companies’ wastewater disposal wells are to blame, and more specifically that the injection of fracking wastewater into these wells is causing or contributing to the earthquakes.

By James Burgess of Oilprice.com

More Top Reads From Oilprice.com:



Join the discussion | Back to homepage

Leave a comment

Leave a comment

Oilprice - The No. 1 Source for Oil & Energy News