Calif. Fracking Rules May Curb Monterey Shale Rush, For Now

Law360, New York (May 2, 2013, 7:48 PM EDT) -- California state lawmakers and regulators' recent bids to rein in hydraulic fracturing may give energy developers second thoughts about tapping the state's rich Monterey Shale, but attorneys say the region's promise of billions of gallons of shale oil means many won't abandon hope of ever putting a well in the ground.

As advances in fracking technology have made available Monterey Shale oil once thought to be unrecoverable, oil and gas firms are salivating at the prospect of drilling in the shale, which extends more than 1,700...
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