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Category: Reservoir

Hydraulic Fracturing: An Environmentally Responsible Technology for Ensuring Our Energy Future

August 04, 2014 Posted by Chris Wysong

Hydraulic fracturing technology is not new but modern advances in technology have made for safer, more effective extraction. D Nathan Meehan details these advances in technology and explains how this old technology can lead to safer, more efficient production of oil and gas. Executive Brief By:D Nathan Meehan Since the late 1940s, hydraulic fracturing technology has been used in more than a million U.S. wells to safely unlock useful oil and gas reserves that would otherwise remain trapped deep within the earth. The principles of the process have not changed since the early days, but modern hydraulic fracturing relies on vastly improved technology to ensure its continued contribution to a safe, environmentally responsible energy future. As the world looks forward to a distant but desirable future with safe, renewable energy, the fact remains that todays energy demands can only be met with fossil fuels. Oil remains the largest primary energy source, with coal in second place, and

Posted in OilfieldEconomics, Reserves, Reservoir, Shale
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