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Thursday, May 17, 2012

Paper Released On New Shale Gas Regulations

Energy companies that violate the province's new rules when it comes to oil and gas industry could face up to a million dollars in fines.

That hefty charge is one of 116 recommendations contained in a paper released by the government -- the paper also addresses issues like well design and the protection of water supplies.

The paper also calls for a greater share of royalties for the province and landowners where natural gas and oil wells would be located.

The public has 60 days to provide input on the paper before it goes back to the legislature this fall.