Wednesday, September 19, 2012

S&P Report Looks at Impact of Fracking Boom

From Reuters:
The use of hydraulic fracturing and horizontal wells over the past few years have dramatically altered the U.S. energy landscape, and many believe the boom is still in its relative infancy, according to a recent report published by Standard & Poor's Ratings Services.
"By combining fracking and horizontal drilling, exploration and production companies have greatly increased their access to previously untapped oil and natural gas reserves, which has led to a significant boost in output," said credit analyst Marc Bromberg. "The result of this pairing has been a significant rise in energy production--a trend that we believe will continue to grow."
Read the rest of the article here. 

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