North Carolina the Next to Dig In?

Photo by Michael Trolove. Some rights reserved.

Law firm McGuireWoods today sent out an alert on recent NC legislation that would allow for “the exploration and development of natural gas resources from shale rock formations through the process of hydraulic fracturing.” While the bill (S.B. 820), which has gone to the governor for signing, removes existing statutory prohibitions on horizontal drilling, it supposedly also includes strict safeguards for landowner and environmental protections. Fracking in the Deep River Basin in North Carolina is expected to unleash up to 1,660 billion cubic feet of gas and 83 million barrels of natural gas liquids.

On the federal side of things, The Hill points out that Department of the Interior regulations to “toughen” fracking oversight could be in place by the end of the year, despite a recent two-month extension on the public comment period.

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