The Forth Worth Business Press quoted Professor David Spence in a November 5 article about the Denton vote to reject the controversial drilling technique known as fracking. According to Professor Spence, “If anti-fracking initiatives ‘continue to proliferate, then companies lose access to those resources.’”
Cities in Texas, California, and Ohio had initiatives on the ballot this fall to ban or restrict hydraulic fracturing, or “fracking,” the controversial production technique for extracting oil and gas from shale. Professor David Spence has studied these local ordinances (of which there are more than 400 in existence nationwide), and was quoted in coverage of the issue by the Wall Street Journal, the Houston Chronicle, and Bloomberg News this election season. Prof. Spence’s article analyzing the legal issues triggered by local fracking bans will be published in the Texas Law Review later this year.
Professor David Spence was quoted recently in a Houston Chronicle article about a local referendum on the drilling technique that could have national significance. According to the article, “If passed, the proposition would be the first to completely ban the petroleum extraction technique known as hydraulic fracking in one small corner of the great oil and gas boom sate of Texas . . . If the proposal becomes law, both sides expect litigation of epic proportions. Untested legal questions include whether the ban would conflict with the state’s powers to regulate oil and gas extraction.” Spence said, “If it goes down that road . . . that will effectively kills these bans, because no local government can afford to pay those claims.”
In an article about the conflict between energy production and environmental protection, UT Law: The Magazine of the University of Texas School of Law (Fall 2014, Volume 13) quoted Professors Jeff Civins, Tom McGarity, and Melinda Taylor, the Energy Center’s executive director, on how energy production and environmental protection are looking for a balance.
Read a PDF version of the article.
In an article about why lower crude oil prices are good for the oil industry, the Houston Chronicle quoted Professor David Spence on how despite recent sustained prices of $100 a barrel, prices are still high. According to Spence, “I think for the major produces, there are precious few projects of theirs that can’t produce at $80 oil. The lower-cost wells are still going to have a healthy profit margin.”
Jose Maria Lujambio (LL.M. ’14), an attorney in Cacheaux, Cavazos & Newton‘s Austin office who practices environmental and energy law, writes about Mexican Energy Reform in the October 2014 issue of the CCN Mexico Report.
To read Mr. Lujambio’s article, please visit the October 2014 issue of the CCN Mexico Report.