Fracking: 10 Things Everyone Should Know

Source: Energy Tribune, Peter Glover (4/25/11)

"New developments like recycling water ease fears about overuse."

"In N.Y. state, no more drilling for fossil fuels" read one banner, as anti-fracking (hydraulic-fracturing) protesters gathered outside the Capitol building in Albany, New York State. Here are 10 fracking things everyone should know:

Hydraulic fracking has been around for 60 years. Developments made by U.S. engineers around 2008–2009 have simply made the process much more commercially viable.
Since fracking was introduced in 1949, over 2 million frack treatments have been pumped without a single documented case of treatments polluting a water aquifer.
90% of all gas wells drilled in the U.S. since 1949 have been fracked.
The depth of most shale gas deposits drilled is 6,000–10,000 feet; water aquifers exist at an average depth of 500 ft.
Claims of 'migration' between the shale gas layers and water aquifers due to fracking are patently absurd as the gas would have to pass through millions of tons of impermeable rock.
Fracture design engineers go to great lengths to avoid fracture growth of even 100 ft. to prevent losing production.
99.5% of the treatment is water and sand. Much of the remainder is made up of a maximum of 12 or so harmless gelling agents like guar gum and household chemicals.
Dissolved methane found in well water may well be biogenic (naturally occurring). As the largest component in natural gas, methane is not even regulated as it is not toxic and escapes naturally.
drinking water and other key regulatory laws.
Concerns about using "excessive water resources" in the process are already being assuaged by new developments, including recycling water. And the U.S. Ground Water Protection Council confirms that drilling with compressed air is becoming increasingly common.

Option Partner to Continue Operations at Energy Firm's Texas Oil & Gas Project
Source: Streetwise Reports (01/23/2021)

The efforts will meet Torchlight Energy Resources' development requirements at Hazel.

Target Price Raised on Energy Firm Making 'Transformative Acquisition'
Source: Streetwise Reports (01/06/2021)

The terms and benefits of Earthstone Energy's purchase of an oil and gas company, an "eye-catching act of deal making," are presented in a ROTH Capital Partners report.

Energy Firm to Combine with Materials, Nanocomposites Company
Source: Streetwise Reports (12/16/2020)

Torchlight Energy Resources sees the transaction providing its shareholders "access to the multibillion-dollar markets that Metamaterial serves."

Oil & Gas Producer Reports on Thailand Operations
Source: Streetwise Reports (12/02/2020)

Pan Orient Energy Corp. reports on continuing drill operations in Thailand.

Energy Company Boosts Thailand Oil Production, Offers 'Low Risk Production Growth'
Source: Streetwise Reports (11/19/2020)

The highlights of Pan Orient Energy's third quarter are presented in a Mackie Research Capital Corp. report.

Texas Oil & Gas Firm to Sell Its Stake in Delaware Basin Project
Source: Streetwise Reports (11/18/2020)

For its interest, Torchlight Energy Resources is to receive $350,000.

Oil & Gas Firm Reports Q3 Operational, Financial Results
Source: Streetwise Reports (11/16/2020)

Pan Orient Energy and its joint venture partner continue producing and selling oil from its L53 Concession in Thailand, which are funding ongoing exploration work there.

Texas Oil & Gas Explorer Completes Fracking of Midland Basin Well
Source: Streetwise Reports (11/11/2020)

The next step for Torchlight Energy's well at Hazel is flowback, which is to start next week.

Altus Midstream Shares Flow Higher on Q3 Earnings and Plans for $1.50/Share Dividend in Q1/21
Source: Streetwise Reports (11/05/2020)

Shares of Altus Midstream Co. traded 170% higher after the firm reported Q3/20 financial results and announced plans to pay a quarterly dividend of $1.50 per share beginning in March 2021.