Shale Companies, Adding Ever More Wells, Threaten Future of U.S. Oil Boom

Shale companies’ strategy to supercharge oil and gas production by drilling thousands of new wells more closely together is turning out to be a bust. What’s more, the approach is hurting the performance of older existing wells, threatening the U.S. oil boom and forcing the maturing industry to rethink its future.

To maintain America’s status as an energy powerhouse, shale companies in recent years have touted bunching wells in close proximity, greatly increasing the number of wells drawing on a promising reservoir. The added...

Miriam2626 Apparently someone doesn’t understand what an oil boom is.

The hydraulic Fracture increases the recovery rate by 30 to 40 percent

America is a oil superpower. The future of oil is in the America continent!

Good because fracking benefits no one but the oil companies. Cancerous toxins in the water and earth poisoning people! SOLAR & green energy are the future.

Also is polluting our water supply. We will all have cancer down the road.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Oil Has Best Start to a Year Ever as OPEC Production FallsOil prices are off to their best-ever start to a year as fears of a supply glut cool, part of a 2019 recovery in risky investments from stocks to commodities. It is a brief pause. Central Asia is coming. Political solutions in Iran and Venezuela overhang the market. Even Putin may be on his way out as he ignores the Russians' needs and threatens WW III. Curbed the output, helps rise the price. Which cases, us to spend more and have the OPEC companies become richer. Why do we allow this bullshit.
Source: WSJ - 🏆 98. / 63 Read more »

How Microsoft is bring companies into the future with AI - CNN VideoCEO Satya Nadella explains how Microsoft is partnering with companies from Telefónica to Daimler to improve their digital tech And do what? Wipe out the remaining jobs (if any) and make them unemployed.
Source: CNN - 🏆 4. / 95 Read more »