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.
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Source: CNN - 🏆 4. / 95 Read more »