North Carolina Considers Fracking Bill.
The North Carolina Senate next week could start debating that state's first piece of legislation to allow hydraulic fracturing.
After discussion in the Senate Commerce Committee, bill SB 820 could make its way onto the Senate floor next week. Its counterpart in the House is progressing through the House Environmental Committee, wrote Laura White, a blogger for the Raleigh Public Record.
As is, SB 820 would make hydraulic fracturing legal in the state if the General Assembly feels enough regulations are put in place to govern the controversial natural gas drilling technique.
If allowed in North Carolina, the state will join Texas, Oklahoma, Pennsylvania, Ohio, Wyoming and Colorado, where the energy industry is booming, fueled by natural gas drilling.
North Carolina has known deposits of natural gas trapped in coal beds and shale formations in the heart of the state. It has more than 59,000 acres of possible exploration area, according to the North Carolina Geological Survey.
Hydraulic fracturing involves the pumping of millions of gallons of water, sand and drilling chemicals down into a well at very high pressure. The pressure fractures underground rock formations which releases the natural gas trapped within.
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|Publication:||International Business Times - US ed.|
|Date:||Jun 1, 2012|
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