Governments around the world are reviewing the existing setup for overseeing shale natural gas development and production to better regulate the industry that is experiencing rapid expansion, according to experts at a conference organized by the National Research Council. "The governors, state agencies, legislators, and commissions clearly dictate the relationship, and local governments have to try and work with it," said Charles Davis of Colorado State University. Although "most state oil and gas commissions were established to provide for the orderly development of resources," Davis said "it's necessary to look beyond legal definitions to other relationships."

Full Story:
Oil & Gas Journal

Related Summaries