The problem with fracking is production drops off rapidly after a few years of pumping.
The problem with fracking is production drops off rapidly after a few years of pumping.
Yes, but there are ways to move the head that can access additional reserves in the ground in the same area. It is the free market - find a big enough reserve that is economical to access and go for it. Find the wrong reserve for the method used or one that is too small and it is not economically viable. In that sense, it is not different than traditional drilling.
This decision by the prior administration had little to do with the methodology or risks - it was part of the “green energy” movement tied to the eco-fascism of the left.
This is a great ruling that will sustain jobs, create some news jobs and wealth, and perhaps most importantly it illustrates to the energy market that Trump is very serious about his pledges.
Now we MUST demand the phasing out of ethanol subsidies. The ethanol program is a prime example of bad governance. It is a failed welfare program that has increased the cost we pay at the pump and the mechanic.
And then they refrac the well.
I worked on some wells that were drilled in the 60s.
In the Mt. View area of Wyoming.
They came in, used directional drilling, extended the well but not any deeper, lateraly along the strike.
Then they fraces it. What had tricked almost to nothing came alive again