{"id":2460,"date":"2014-12-04T20:08:04","date_gmt":"2014-12-05T01:08:04","guid":{"rendered":"http:\/\/olduvai.ca\/?p=2460"},"modified":"2014-12-04T20:08:04","modified_gmt":"2014-12-05T01:08:04","slug":"us-shale-under-pressure-from-more-than-just-low-prices","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=2460","title":{"rendered":"US Shale Under Pressure From More Than Just Low Prices"},"content":{"rendered":"

US Shale Under Pressure From More Than Just Low Prices<\/a>.<\/p>\n

Hydraulic fracturing, or fracking, has come full circle in Denton, Texas after a controversial ban on the practice entered into effect on Tuesday. Denton is one of several cities located on top of the massive Barnett shale formation, regarded as the birthplace of modern fracking. The ban, while incomplete, gives strength to what is a growing anti-fracking movement in the United States.<\/p>\n

The Barnett shale\u00a0covers<\/a>\u00a0an area of more than 5,000 square miles with depths between 5,000 and 8,000 feet. With more than 40 trillion cubic feet (Tcf) of technically recoverable gas, the Barnett holds approximately 12% of the nation\u2019s\u00a0proved<\/a>\u00a0reserves. Over the past decade, activity on the shale skyrocketed and over 15,000 wells have been drilled to date. For the state, the benefits are clear \u2013 in 2011 alone, Barnett production\u00a0added<\/a>\u00a0nearly $13.7 billion to the Texas economy. However, productionpeaked<\/a>\u00a0in 2012 at 2 Tcf and will plummet by more than half toward 2030 \u2013 recent ban notwithstanding.<\/p>\n

\"U.S.<\/p>\n

Source:\u00a0EIA<\/a><\/em><\/span><\/p>\n

Despite the success, fracking is not a victimless pursuit and its spread has been met with an unequal, but growing amount of public criticism; local bans and national moratoriums prove not everyone is on board. Earlier this year, Exxon CEO Rex Tillerson\u00a0became<\/a>\u00a0party to a suit, which sought to remove fracking-related infrastructure from his Dallas suburb.<\/p>\n

…click on the above link to read the rest of the article…<\/p>\n","protected":false},"excerpt":{"rendered":"

US Shale Under Pressure From More Than Just Low Prices. Hydraulic fracturing, or fracking, has come full circle in Denton, Texas after a controversial ban on the practice entered into effect on Tuesday. Denton is one of several cities located on top of the massive Barnett shale formation, regarded as the birthplace of modern fracking. […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[3],"tags":[1640,1639,331,412,594,1358],"class_list":["post-2460","post","type-post","status-publish","format-standard","hentry","category-energy-2","tag-anti-fracking","tag-falling-oil-price","tag-fracking","tag-hydraulic-fracturing","tag-oil-prices","tag-us-shale"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/2460","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=2460"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/2460\/revisions"}],"predecessor-version":[{"id":2461,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/2460\/revisions\/2461"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2460"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2460"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2460"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}