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 UK looks to boost fracking with new rights to land access

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RR Phantom

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UK looks to boost fracking with new rights to land access Vide
PostSubject: UK looks to boost fracking with new rights to land access   UK looks to boost fracking with new rights to land access Icon_minitimeSun May 25, 2014 3:25 am

The UK government has proposed new rules regarding rights to access land in a bid to speed up the introduction of fracking.

UK looks to boost fracking with new rights to land access _75058872_75049897

It proposes that shale oil and gas companies are granted access to land below 300m from the surface.

It also suggests firms pay £20,000 per well to those living above the land.

The consultation comes as a new report by the British Geological Survey (BGS) estimates there are 4.4bn barrels of oil in shale rocks in southern England.

The BGS estimates there are between 2.2 billion and 8.6 billion barrels of shale oil in the Weald Basin - that covers areas including Sussex, Hampshire, Surrey and Kent - but says there is "no significant gas resource".

These figures represent the total amount of oil in the rocks, only some of which can be accessed.

"It is not known what percentage of the oil present in the shale could be commercially extracted," the survey said.

http://www.bbc.com/news/business-27529175#sa-ns_mchannel=rss&ns_source=PublicRSS20-sa
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