illinois

Oil Price Drop Won’t Deter Fracking in Southern Illinois

By On December 12, 2014 11:41 am


Southern Business Journal

By Nick Mariano

Plunging oil prices sparked largely by surging U.S. production on the global market are not expected to slow prospecting energy companies that have invested hundreds of millions of dollars in Southern Illinois.

Putting aside current and any future litigation to fight fracking, the controversial drilling practice, the forecast for high volume horizontal hydraulic fracturing in Southern Illinois calls for drilling to start by mid-year in 2015, now that Illinois rules governing the practice passed the last legislative hurdle in November, clearing the way for permitting to begin.

An appeal of a judge’s denial of a preliminary injunction seeking to halt permitting is expected to soon be heard by Fifth District Appellate Court justices in Mount Vernon. A spokesperson for the court said the hearing has yet to be scheduled.

Click Here to Read More.


This article specifically deals with the New Albany Shale. For more information about this North American shale play, go to:

newalbanyhome