Green Touch Builders | Competing bills offer tax credits for waterless fracking, infrastructure support in Texas
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April 3, 2015 By SEO Admin

Competing bills offer tax credits for waterless fracking, infrastructure support in Texas

Lawmakers rolled bills this week to encourage the conservation of water in the use of fracking, or hydraulic fracturing, to drill for oil and gas in shale rock formations.

One bill, filed by Rep. Tracy King, D-Batesville, would give tax credits to companies that use alternative fluids for fracking operations in the Eagle Ford and Barnett shale. King told the House Ways and Means Committee the tax credit would benefit Texas, particularly in those areas where drought conditions are the most severe.

“One…