Professor John Underhill, Chief Scientist at Heriot-Watt University, revealed that while opponents of hydraulic fracturing continue to focus on the environmental impact of this method of oil and gas extraction, the geology of the UK doesn’t support it.
The new facility will be capable of producing up to 5 million t of regional sand per year and will serve as another channel by which the company will service the evolving dynamics of the oil and gas industry.
McKinsey Energy Insights (MEI), the data and analytics specialist that provides distinctive insight and support to the global energy industry, has released its North American Shale Oil Outlook.
More Hydraulic fracturing news
In the market of drilled and uncompleted (DUC) wells, there have been concerns about using frac sleeves in the completion design, then having them reliably open one, two, and almost three years later with repeatable success.
Anadarko Petroleum Corporation has announced that it has agreed to sell its Eagleford Shale assets in South Texas for US$2.3 billion to Sanchez Energy Corporation and Blackstone Group LP.
The landmark decision of OPEC and Russia to cut output has sparked a surge in oil prices and trading volumes.