A city in Texas may become the first in the state to ban fracking on a permanent basis, despite the fact that it is located on top of Barnett Shale, which is thought to contain one of the biggest natural gas reserves in the United States.
Denton city approved a temporary ban that will remain valid until September, though anti-fracking activists want the ban enacted permanently. Energy firms will continue tapping the fossil fuel from the 275 wells that have already been fracked in Denton, though they won’t be allowed to frack old wells.
The city council plans to conduct public hearing within 60 days and vote on a proposal that was tabled on Wednesday, reported Huffington Post.
Adam Briggle, an activist with nonprofit Denton Drilling Awareness Group, which lobbied for the measure, said: “There’s industrial activity right in the midst of a residential area diminishing people’s property values and exposing them to toxins,”
Fracking, or technically hydraulic fracturing, is a technique that consists of pumping a mixture of sand, chemicals and water into underground shale rocks at high pressure to break open the rocks and release trapped oil and gas. However, while the method has created jobs and improved the local economy, it is feared that it may result in contamination of groundwater sources and pollute the air.
The Texas law states that land ownership is divided between the minerals below and the surface. In Denton, most of the rights to the minerals are owned by trusts and estates outside Texas. This has triggered conflicts between the mineral rights owners and city residents due to fracking. To register for a free 2-week subscription to ForexMinute Premium Plan, visit www.forexminute.com/newsletter.
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