Video: Understanding Fracking (The Next Oil/Gas Boom?)
December 28, 2011 11:15 am
There is a great deal of benefit and some problems that have been recently cropping up concerning hydraulic fracking for oil and gas. Several companies have been our focus in this profitable opportunity (GPOR) (CLR) (WTI) among others.
Dec. 12 (Bloomberg) — Derek Cutright, a Southwestern Energy Company drilling manager, gives a tour of a hydraulic fracturing, or fracking operation, in Camptown, Pennsylvania. Natural gas is extracted by pumping millions of gallons of chemically-treated water and sand underground, breaking up the rock to free trapped gas. At this site, Southwestern reduced the number of trucks associated with the process by pumping water from a nearby stream and recycling used water. (Source: Bloomberg)