The company has reduced its 2020 CAPEX forecast by approximately 30%.
Ministers took the decision, which was announced on 2 November, on the basis of a report by the Oil and Gas Authority (OGA), which found that it is not currently possible to accurately predict the probability or magnitude of earthquakes linked to fracking operations.
Achieving the 10 000 stages milestone fulfills the Equinor vision for Reveal Energy Services, an Equinor spin-out in 2016, to commercialise and further develop IMAGE Frac™ pressure-based fracture maps.
More Hydraulic fracturing news
Located in close proximity to the major industrial hubs on the US East Coast, Marcellus and Utica shale plays in the Appalachian basin have witnessed steady natural gas production growth over the last five-six years.
Prior to being elected president of the society, Lisa Henthorne served on its board for four years, contributing to the growth in technical programmes and member services.
The well began producing oil immediately and has been in the process of unloading the frac fluid while continuing to produce oil.
Abundant hydrocarbon reserves and the ability to drill longer laterals has made Permian Basin the most prolific shale play in the world, according to GlobalData, the data and analytics company.