Home » Posts tagged 'hydraulic fracturing'
Tag Archives: hydraulic fracturing
Cash For Fracking: UK Households May Receive Payouts For Allowing Fracking
Cash For Fracking: UK Households May Receive Payouts For Allowing Fracking The UK lifted its long-running ban on fracking last month. UK households could soon receive cash payouts for allowing fracking in their neighborhoods. Drilling companies could soon go door to door in Britain, offering money in exchange for fracking support. UK households could soon […]
Permian explorers drill deep into fraclog, leaving shelves bare
Permian explorers drill deep into fraclog, leaving shelves bare (Bloomberg) — Shale explorers in the Permian Basin chewed further into their supply of ready-made wells for a 20th straight month, leaving the smallest inventory of low-cost wells in the biggest U.S. oil field in more than half a decade. The number of wells that have […]
Sand for fracking is now 3 times as expensive as it was last year, and it’s one of several reasons US oil production isn’t increasing
Sand for fracking is now 3 times as expensive as it was last year, and it’s one of several reasons US oil production isn’t increasing A hydraulic fracturing manager holds a mixture of sand and water which is pumped down the pipes at a shale gas site in the UK. Peter Powell/Reuters Russia’s invasion of Ukraine […]
Oil Frackers Brace for End of the U.S. Shale Boom
Oil Frackers Brace for End of the U.S. Shale Boom Limited inventory leaves the industry with little choice but to hold back growth, even amid high oil prices The end of the boom is in sight for America’s fracking companies. Less than 3½ years after the shale revolution made the U.S. the world’s largest oil producer, companies […]
Dutch Plan To Boost Gas Output At Earthquake-Prone Site Sparks Anger
Dutch Plan To Boost Gas Output At Earthquake-Prone Site Sparks Anger Residents in the Groningen area in the Netherlands have voiced their anger at a plan by the Dutch government to potentially double this year production from the Groningen gas field, which has been hit by earthquakes in the past. The Dutch government said on Thursday that […]
Here’s the Fracking Truth About America’s Last Fossil-Fueled Hurrah
Here’s the Fracking Truth About America’s Last Fossil-Fueled Hurrah In order to recover the abundance of these fuels that the EIA claims will be there for the taking, between now and 2050 the industry will need to drill something on the order of 700,000 new wells at a total cost of over $5 trillion. As […]
The U.S. Shale Revolution Has Surrendered to Reality
The U.S. Shale Revolution Has Surrendered to Reality Fracking companies aren’t drilling as investment continues to dry up. Image: Fossil fuel oil well. Credit: CL Baker. CC BY 2.0 “Drill, baby, drill is gone forever.” That was the recent assessment of Saudi Prince Abdulaziz bin Salman of the American oil industry’s future potential. As Saudi Arabia’s energy minister, […]
The US Oil and Gas Industry’s Methane Problem Is Catching up With It
The US Oil and Gas Industry’s Methane Problem Is Catching up With It For years, the oil and gas industry has been able to downplay, or outright ignore, the problem of methane. Methane is an invisible gas, and lax state and federal regulations in the U.S. have allowed oil and gas producers to self-report how much of this potent […]
How much oil left in America? Not much
How much oil left in America? Not much Preface. If you think we have no worries because we can get arctic oil, think again. We can’t because icebergs mow drilling platforms down in the ocean. On land, massive amounts of expensive new drilling rigs, roads, rail lines, platforms, buildings and other infrastructure need to be built, […]
North Dakota blues: The legacy of fracking
North Dakota blues: The legacy of fracking When oil drillers descended on North Dakota en masse a decade ago, state officials and residents generally welcomed them with open arms. A new form of hydraulic fracturing, or “fracking” for short, would allow an estimated 3 to 4 billion barrels of so-called shale oil to be extracted […]
Why Fracking Activity Hasn’t Increased As Oil Prices Recovered
Why Fracking Activity Hasn’t Increased As Oil Prices Recovered It’s been a long dry spell in the Permian. Shale drilling and completions activity has collapsed to levels not seen since before 2000 (as far back as records are kept). That was the year shale activity first began to pick up from essentially nil and hit […]
Thousands of Quakes, Tied to Fracking, Keep Shaking the Site C Dam Region
Thousands of Quakes, Tied to Fracking, Keep Shaking the Site C Dam Region Several recent reports on the tremors add to concerns about the mega-project’s stability. An artist’s rendering of the Site C Dam upon completion, a vision of the future rattled by thousands of tremors in the region triggered by fracking. Image via BC Hydro. […]
New Satellite Data Reveals Dangerous Methane Emissions in Permian Region
New Satellite Data Reveals Dangerous Methane Emissions in Permian Region New research based on satellite data confirms that the oil and gas industry in the Permian region of Texas and New Mexico is leaking record amounts of methane. The new research published in the journal Science Advances found that methane emissions in the Permian Basin were equivalent […]
U.S. Shale Faces Largest Ever Drop in Fracking Activity
U.S. Shale Faces Largest Ever Drop in Fracking Activity The Covid-19 crisis combined with the oil price war is about to trigger the largest ever monthly drop in U.S. fracking activity. The Covid-19 pandemic has ravaged global oil demand and, coupled with the extremely low price levels brought on by the wide supply surplus, is […]
Peak Permian Oil Production May Arrive Much Sooner Than Expected
Peak Permian Oil Production May Arrive Much Sooner Than Expected In mid-January, Adam Waterous, who operates the private equity firm Waterous Energy Fund, made a prediction about the crown jewel of the U.S. shale oil industry, the Permian shale play that straddles Texas and New Mexico. “We think we are at or near peak Permian,” Waterous told Bloomberg. “The […]
