Stock Groups

Magnitude 4.5 earthquake strikes Permian Basin

[ad_1]

© Reuters.

(Reuters) – On Monday, a earthquake measuring magnitude 4.5 was recorded near Stanton, West Texas. This was reported by the US Geological Survey.

USGS stated that the earthquake struck at depths of 7.8 km (4.8 miles).

It occurred in the Permian basin, which is home to the biggest shale oil field and gas fields. According to MRT News, this is the second-strongest earthquake that West Texas has seen in 10 years.

Following a string of small earthquakes, Texas Railroad Commission, the state’s regulator of energy, has set limits for the amount of wastewater that oil and gas producers can inject underground.

Disclaimer: Fusion MediaWe remind you that this site does not contain accurate or real-time data. CFDs include stocks, indexes and futures. Prices are provided not by the exchanges. Market makers provide them. Therefore, prices can be inaccurate and differ from actual market prices. These prices should not be used for trading. Fusion Media is not responsible for trading losses that may be incurred as a consequence of the use of this data.

Fusion MediaFusion Media or any other person involved in the website will not be held responsible for any loss or damage resulting from reliance on this information, including charts, buy/sell signals, and data. Trading the financial markets is one of most risky investment options. Please make sure you are fully aware about the costs and risks involved.

[ad_2]