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California Fracking Study May Take 18 Months, Governor Brown Says

(Bloomberg)

Governor Jerry Brown said it may take as long as 18 months for California, the third-largest oil-producing state, to complete an environmental review of the oil and gas drilling technique known as hydraulic fracturing.

Technological advancements have ignited a boom in the development of fields that were once deemed uneconomical, particularly in shale formations. California lawmakers approved regulations for state oversight of fracking in September.

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