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U.S. sets fracking rules for drilling on federal lands

Mar. 20, 2015 12:41 PM ETXLE, IYE, OIH, VDE, PXE, PXJ, IEO, IEZ, XES, XOP, RSPG, DUG, DIG, FXN, FCG, DDG, ERY, ERX, GASL, FENYBy: Carl Surran, SA News Editor1 Comment
  • The Obama administration confirms final rules on hydraulic fracturing activities on public and tribal lands, in an effort to set a national standard for a patchwork of state regulations governing drilling practices that have helped fuel the domestic energy boom.
  • Key components of the rule, which will take effect in 90 days, include requirements to test the quality of the cement work designed to prevent natural gas from seeping outside a well, and adhere to stricter standards for storing toxic fluids left over from drilling.
  • In a move that could upset environmental groups, companies will be required to publicly disclose chemicals they use through the industry-run FracFocus website within 30 days of completing the fracking process.
  • ETFs: XLE, ERX, VDE, OIH, XOP, ERY, FCG, DIG, GASL, DUG, IYE, XES, IEO, IEZ, PXE, FENY, PXJ, RYE, FXN, DDG

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