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U.S. fracking rules halted, for now

Jun. 24, 2015 1:07 PM ETXLE, IYE, OIH, VDE, PXE, PXJ, IEO, XOP, BGR, FIF, RSPG, DUG, DIG, FXN, DDG, ERY, ERX, NDP, FENY, GUSH, DRIPBy: Carl Surran, SA News Editor6 Comments
  • A U.S. District Court in Wyoming has halted implementation of an Interior Department rule that would set standards for fracking on federal land, issuing a stay that delays compliance for at least a month on the rule that was set to go into effect today.
  • Wyoming, North Dakota, Colorado, Utah, the Independent Petroleum Association and the Western Energy Alliance had filed for an injunction.
  • The judge said it is necessary to give the federal government more time to explain how it developed the rule and how it considered comments from the public.
  • ETFs: XLE, VDE, ERX, OIH, XOP, ERY, DIG, DUG, BGR, IYE, IEO, FENY, PXE, FIF, PXJ, NDP, RYE, FXN, DDG, DRIP, GUSH

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