"Oklahoma Regulators Impose Water Injection Cut To Stem Earthquakes"

"Oklahoma regulators are imposing new restrictions on energy companies injecting wastewater underground, in the latest effort to stem a sharp increase in earthquakes.

The new rules, announced by the Oklahoma Corporation Commission on Monday evening, require operators in parts of two Oklahoma counties to reduce the amount of saltwater they inject underground by 38 percent from current levels in the next 60 days. The reduction will bring injected volumes to about 2.4 million barrels below those in 2012, when the most dramatic spike in the area earthquakes began.

The restrictions affect 23 wells run by 12 operators. The operators are mostly small companies, but one of the wells is run by Devon Energy Corp of Oklahoma City. The state has about 3,500 saltwater disposal wells."

Yeganeh Torbati report for Reuters August 4, 2015.

Source: Reuters, 08/05/2015