Tag: Fracking

 The Photo shows a Standard Fracking operation. This Equipment is used for  Formation fracturing, with fluids – mostly water and sand, with a small percentage of chemical additives – are injected down the well bore into the formation. The fluid, pumped under pressure, causes the rock to fracture along weak areas.

What is hydraulic (FRACKING) fracturing?

The Photo shows a Standard Fracking operation. The frac spread  Equipment is used for  Formation fracturing, with fluids – mostly water and sand, with a small percentage of chemical additives. From the blender unit then to the Pressure Pumping units, water and sand is injected down the well bore into the formation. The fluid, pumped under pressure, thousands of pounds per square inch, causes the rock to fracture along weak areas.

 

Hydraulic fracturing creates small cracks, or (FRACKING) fractures, in deep, underground geological formations to liberate oil or natural gas. The fluids that create the initial fractures is then mixed with thicker fluids that include sand and gelatin. These more compressed fluids lengthen the openings in the rock. When the fractures are complete, and pressure is relieved, the fluids flow back up the well where they are captured and stored for later treatment or disposal.

As the fluids flow back up, frac sand remains in the fractures and props the rock open.

 

Only 10 of the 32 Fracking Companies secured positive cash flows for the quarter

Business

Even though oil prices rose and oil and gas production boomed during the third quarter of
2018, the U.S. fracking sector continued its nine-year streak of cash losses.
A cross-section sample of 32 publicly traded fracking-focused companies spent nearly $1
billion more on drilling and related capital outlays during the quarter than they generated
oil and gas sales.

Feds Discover Largest Oil, Natural-Gas Reserve in History

OilField, Oilfield News
  • The federal government has discovered a massive new reserve of oil and natural gas in Texas and New Mexico that it says has the “largest continuous oil and gas resource potential ever assessed.”
  • The Delaware Basin contains an estimated 46 billion barrels of oil, 281 trillion cubic feet of natural gas and 20 billion barrels of natural gas liquids.