The recent technological development of combining hydraulic fracturing and horizontal drilling to produce large quantities of natural gas and liquids from shale formations in the United States has significantly impacted energy production—influencing not only the price of hydrocarbons, but also the economics of alternative energy development. The economic potential of these resources has attracted massive investment from domestic and foreign companies.
At the same time, the prospect of conducting drilling activities, particularly in densely populated areas where current residents are unfamiliar with oil and gas operations, has focused attention on potential environmental and other risks associated with these activities. As is discussed in Mayer Brown’s white paper, “Shale Gas Issues: Squeezed Between Necessity and Reality,” the predictable result has been controversy and uncertainty surrounding potentially one of the most dramatic developments in energy in recent decades.
In a series of three teleconferences, we will address the following areas:
Feb 22: Hydraulic Fracturing—Drainage and Contamination from the Rule of Capture: An Old Tool Applied to a New Problem
Feb 29: A Potential Unforeseen Consequence of Hydraulic Faturing: Security Regulation Concerns
Mar 7: Environmental Concerns and the Rise of Regulation in Hydraulic Fracturing
Please join us on February 29 as Mayer Brown lawyer Chris Provenzano discusses A Potential Unforeseen Consequence of Hydraulic Fracturing: Security Regulation Concerns. This teleconference will specifically address:
- How the recent "proved, probable and possible" reporting regime creates new complexities for reporting shale gas reserves
- The risks associated with disclosing environmental issues due to the relative novelty of shale gas production
- The impact of the rapidly evolving regulatory landscape on fracing-related disclosures
Of Related Interest
Shale Gas Issues: Squeezed Between Necessity and Reality
Also In This Series
Wednesday, February 22, 2012
Shale Gas Issues: Hydraulic Fracturing—Drainage and Contamination from the Rule of Capture: An Old Tool Applied to a New Problem