Law360, New York (December 23, 2011, 12:51 PM ET) -- In the past several years, hydraulic fracturing, commonly referred to as “fracking,” has become a hot-button environmental topic. The recent controversy is somewhat ironic given that hydraulic fracturing has been in commercial practice as a means of oil and gas extraction since the 1940s.
New horizontal drilling techniques and the discovery of vast new domestic supplies, however, have made formerly cost-prohibitive reserves economically feasible to extract. These developments have contributed to an exponential increase in drilling activity around the United States.