Plans to profit from natural gas underground are on hold for the University of Tennessee.

Consul Energy entered a "no bid" with the university, meaning the company has no interest in fracking with UT.

Fracking is a process that involves drilling for natural gas. Drills fracture rocks deep underground, and energy companies pump liquid or gas into the ground to break the bedrock. That releases trapped fuels like natural gas and oil.

Officials say the response from Consul Energy is the first answer they've heard from contractors. University officials say they are unsure of what UT will do next.

Read or Share this story: