Law360, New York ( March 24, 2015, 2:01 PM EDT) -- On March 20, 2015, the U.S. Department of the Interior announced the issuance of a final rule regulating hydraulic fracturing on public lands managed by the Bureau of Land Management.[1] The rule will regulate fracking in connection with all oil and gas extraction on approximately 700 million acres of subsurface mineral estate underlying both federal and nonfederal lands and an additional 56 million acres of American Indian lands. According to the BLM, there are approximately 100,000 oil and gas wells on public lands managed by the BLM and 90 percent of wells now being placed on federal lands involve the use of fracking. In the rulemaking, the BLM estimates that the new requirements would be applicable to approximately 3,800 oil and gas wells annually....
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