A Rystad Energy analysis of seismic activity in the U.S.’s key oil producing regions reveals that the number of noticeable earthquakes has been increasing year after year since 2017. Tremors of above the magnitude of 2 on the Richter scale quadrupled in 2020 and are on track to increase even further in frequency in 2021 if oil and gas activity…
Read MoreTag: seismic activity
This Week’s Market Buzz
Eleven minor earthquakes shook central Oklahoma recently, renewing speculation that the area’s oil and gas drilling boom – fueled by fracking – is to blame for an increase in seismic activity. During a 14-hour stretch the U.S. Geological Survey recorded seven quakes ranging from magnitude 2.6 to 2.9 in areas northeast of Oklahoma City. In addition, a 4.3-magnitude temblor hit…
Read More