Download now: King Coal Triple Play

EPA Releases Progress Report on Fracking Study

Full Report Due Out in 2014

Written by Swagato Chakravorty
Posted December 26, 2012 at 5:58PM

Last Friday, the Environmental Protection Agency unveiled a progress report on a highly-anticipated study it is undertaking on the controversial issue known as fracking. Full results will not emerge until 2014, but some indicators were quite interesting.

The study is very broad in scope, analyzing hundreds of natural gas and oil wells across the nation, with a view toward identifying possible risks. When complete, the study is expected to become a standard reference for legislation in the future.

In the progress report, the Washington Times reports, the EPA outlined the five parts of the fracking “water cycle” that it is investigating. These are the results of large-scale water withdrawals from the earth, after-effects of fracking fluid spills on the surface, the relationship between fracking’s “injection” phase and drinking water reservoirs, the issue of “flowback” or waste-water, and finally, standards of treating this waste-water.

Thus far, the EPA has investigated 70 domestic water wells, 15 monitoring wells, and 13 surface water sources. It has focused on wells in Colorado, North Dakota, Pennsylvania, and Texas.

The fact that the early progress report did not contain anything significantly negative is likely an encouraging sign for the fracking lobby.

From CNN:

"It signals that the Obama administration has no real appetite for additional federal regulations until 2014 at the earliest," said Nitzan Goldberger, a natural gas analyst at Eurasia Group, a political risk consultancy. "That's good news for the oil and gas guys."



Related Articles

Solving Fracking's Water Issue
The EPA has evaluated homeowner water wells near fracking operations and determined that no chemical or pollutant occurred in a quantity worthy of further regulation or action. But if that's not good enough for you, consider this...
Fracking Water
Energy and Capital editor Keith Kohl shows investors a very profitable alternative to hydraulic fracturing and its fracking water problem.
Green Fracking
Chesapeake Energy (NYSE: CHK) is fighting fracking opposition with innovation: a fracking solution that is completely green...
Fracking Around the World
The United States has been wildly successful with unconventional natural gas development... can the UK follow in its footsteps to success?


Coal Investing Destroyed After Centuries of Dominance
Renewables Take Over
Nuclear Investing After Iran Deal
Look at China
Marijuana Bank Investing
3 Guaranteed Profits: Gambling, Prostitution, and...
Where is the Oil Cycle?
Russian Stocks are Cheap
Fortune Favors the Bold
Invest in the Lithium Revolution
Lithium Demand is Going Berserk
Renewable Energy is Killing Nuclear Power
No Hope for Nuclear
Putin and Saudi Arabia: Oil Dream Team Meet
Marijuana Bank Investing
3 Guaranteed Profits: Gambling, Prostitution, and...
Elon Musk's Lithium Revolution
Supply! Supply! Supply!