Jeff Civins in UT Law: Striking a Balance

10/28/2014

Record-low natural gas prices, increased national security and economic growth. Those benefits come from recent surges in drilling, the result of technological advances in hydraulic fracturing and horizontal drilling that opened up vast reserves of previously inaccessible oil and gas in shale formations across the country.

According to the American Petroleum Institute, oil and natural gas industry operations directly and indirectly supported 8.4 million jobs in 2011 and the industry’s capital investment resulted in an additional 1.4 million jobs. Wages associated with both totaled an estimated $597.6 billion and the industry’s total value-added national impact was $1.2 trillion that year...

Many experts agree we have the ability to balance a healthy energy industry with appropriate environmental protection. Two areas of focus now are addressing methane emissions and minimizing the impacts on endangered species. 

Methane Emissions

Oil and gas production is hardly new, nor are fracking and horizontal drilling, pointed out Jeff Civins, a 1975 graduate of, and adjunct professor at, The University of Texas School of Law, and a partner at Haynes and Boone, LLP. But employing them together on a large scale is new, which, in turn, creates new issues.

Excerpted from UT Law October 28, 2014. To view full article, click here.

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