Fracking, or hydraulic fracturing, is a way of releasing natural gas so that it can be used to produce energy. In recent years it has become more popular as a way to harvest natural gas. The process creates two byproducts, natural gas and wastewater. While it seems straightforward enough, there are countless considerations and concerns, many of which affect homeowners and possible damage to their property.

Fracking is conducted by drilling down into a rock formation several thousand feet and injecting water and chemicals into the rocks; this splits the rocks apart, releasing the natural gas which is then captured and used for energy production. One of the main concerns is the waste water and its disposal. It can be injected into the ground or put into a lined pond and allowed to evaporate; there is generally too much water for treatment to remove the chemicals to be a viable option.

Want to continue reading?
Become a Free
PropertyCasualty360 Digital Reader.

INCLUDED IN A DIGITAL MEMBERSHIP:

  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.

Already have an account?


NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Bank & Capital Markets Tax Institute (BTI) 2024Event

BTI provides leading tax professionals from financial institutions with unmatched tools and resources.

Get More Information
 

PropertyCasualty360

Join PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join PropertyCasualty360.com now!

  • Unlimited access to PropertyCasualty360.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including BenefitsPRO.com, ThinkAdvisor.com and Law.com
  • Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now
Join PropertyCasualty360

Copyright © 2024 ALM Global, LLC. All Rights Reserved.