Texas City Considering Permanently Banning Fracking in the Area

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Texas City Considering Permanently Banning Fracking in the AreaThe Texas City of Denton is considering permanently banning fracking after more than a decade of allowing its use. The residents cite environmental concerns and closeness of new wells to residential dwellings as the main reasons for pushing for the ban.

Denton has benefitted from natural gas extraction, using royalties earned from energy firms to build new parks, soccer fields, and a new golf course. Energy firms have also injected at least $30 million into the city’s bank accounts.

Should Denton, a former farming town located north of Dallas, approve the permanent ban, it will become the first city in Texas to do so. If the city council decides to reject the ban, voters will decide on the issue this November.

Denton, a college town, has retained most of its agricultural splendor, with grazing cattle and greenhouses still a common sight. Still, in the rolling countryside, about 275 active natural gas well are in operation.

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Residents therefore want to ban fracking, picturing a city that is known as having the country’s biggest community garden and environmentally-friendly business.

“I think the people of Denton really want to keep the livability of the town,” Taylor Schrang, a Denton resident told the Associated Press. “And fracking is pretty obtrusive.”

The proposal to ban permanently fracking follows a series of anti-fracking campaigns by the Denton Drilling Awareness Group, whose efforts triggered multiple bans on fresh drilling permits. Energy firms also disobeyed city regulations that ban them from flaring or burning off excess gas near residential areas, and failed to line wastewater wells. To register for a free 2-week subscription to ForexMinute Premium Plan, visit www.forexminute.com/newsletter.

To contact the reporter of this story; Jonathan Millet at john@forexminute.com