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Oil industry warns of costs in issuing moratorium on wells

OKLAHOMA CITY — Representatives of the oil and natural gas industry warn that issuing a moratorium on wastewater disposal wells could hurt Oklahoma’s economy.

The Oklahoma Corporation Commission is investigating whether the wells are triggering earthquakes in the state.

The Oklahoman reports that Oklahoma recorded 585 earthquakes last year. The Oklahoma Geological Survey says there have been more than 500 earthquakes so far this year.

The commission has designated part or all of 21 counties as “areas of interest,” where operators have been told to reduce the depth of disposal wells in the Arbuckle formation, which is the deepest layer of sedimentary rock.

Rep. Cory Williams says that current efforts don’t go far enough. He has called for a 12-month moratorium on disposal wells within the “areas of interest.”

In related news, Oklahoma court rules earthquake victim can sue oil companies.

Information from: The Oklahoman, http://www.newsok.com

This article was from The Associated Press and was legally licensed through the NewsCred publisher network.

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