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- Colorado, Colorado Oil and Gas Conservation Commission, Water Quality, Oil and Gas Development
July 13, 2012--US insurer won't cover gas drill fracking exposure (Wall Street Journal)
Nationwide Mutual Insurance Co. has become the first major insurance company to say it won't cover damage related to a gas drilling process that blasts chemical-laden water deep into the ground. The Columbus, Ohio-based company's personal and commercial policies "were not designed to cover" risk from the drilling process, called hydraulic fracturing, or fracking, Nationwide spokeswoman Nancy Smeltzer said Thursday. The process injects chemically treated water into wells to fracture shale thousands of feet underground and release trapped gas or oil.
To view the full article, visit the Wall Street Journal. For a copy of the original article contact the WIP at (970) 247-1302 or stop by the office at 841 East Second Avenue in Durango, Colorado.