Oklahoma Swamped by Surge in Earthquakes Near Fracking – Bloomberg 04-08-14

Salient to Investors:

Austin Holland at the Oklahoma Geological Survey said the state experienced its 109th earthquake of a magnitude 3 or higher on April 6, matching the total for all of 2013.

Reports have become more frequent from Texas to Ohio of earthquakes linked to wells that drillers use to pump wastewater underground.

The US Geological Survey said pumping fracking wastewater underground has been linked to a 6-fold jump in quakes in the central US from 2000 to 2011.

University of Oklahoma, Columbia University and the US Geological Survey link Oklahoma’s biggest recorded earthquake of 5.7 magnitude on Nov. 6, 2011 to wastewater wells.

Read the full article at http://www.bloomberg.com/news/2014-04-07/oklahoma-swamped-by-surge-in-earthquakes-near-fracking.html

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