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Thursday, March 13, 2014

Advancements Are Making Fracking More Efficient

From Hot Air:
Hydraulic fracturing and horizontal drilling, a.k.a. “fracking” is not the cheapest or easiest drilling method out there, but innovations to the technique in just the past few years have transformed shale plays once considered more costly to tap than they were worth into economically viable additions to the United States’ proven oil and gas reserves. Fortunately for our recently explosive shale boom, that trend is only continuing as ongoing innovation and efficiencies are unfolding in real time and helping the industry to decrease the production dropoff rates that are currently a regular criticism of shale wells:
graph of new well production per rig, oil and natural gas, as explained in the article text
Read the entire article by clicking here. 

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