Poll: Americans Support Hydraulic Fracturing by More than 2-1 Margin

Source: JD Krohn, Energy In Depth (3/25/12)

"Nationwide, Americans strongly support more energy development and believe consumers will ultimately benefit."

Americans consistently support more domestic energy development, and they also highly value a clean and well-protected environment. So it's of little surprise that a new poll released today shows that 57 percent of Americans support the use of hydraulic fracturing. Only 22 percent oppose the process, which means nationwide support outstrips opposition by a more than two-to-one margin.

The specific question asked:

"A process known as hydraulic fracturing, sometimes called fracking, is used to drill for oil and natural gas in shale oil reserves. Do you favor or oppose the use of fracking to produce more oil and natural gas in this country?"

The poll fits nicely with other recent surveys conducted that have found strong support for developing natural gas from shale. A survey by Harris Interactive, for example, found that despite "intense negative media focus," 66% of Americans believe that the economic benefits of natural gas far outweigh any concerns about environmental impacts. A poll in October of last year found that 80% of Marylanders support natural gas production. In New York, more voters support hydraulic fracturing than oppose it, and in Pennsylvania, voters say—by a significant margin—that the economic benefits of drilling outstrip any perceived environmental impacts.

Nationwide, Americans strongly support more energy development and believe consumers will ultimately benefit.

JD Krohn, Energy InDepth

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.

NGL Energy Shares Rise 21% as It Seeks to Raise $2.05 Billion from Senior Secured Note Offering
Source: Streetwise Reports (01/21/2021)

Shares of NGL Energy Partners LP traded higher after the firm made a series of announcements over the past three days regarding an update on financial operations, a settlement with a customer in bankruptcy, a quarterly Class D unit distribution and a $2.05 billion senior secured debt offering.

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.

Western Midstream Posts 99% YoY Increase in Q3 Earnings, Announces $250 Million Buyback Program
Source: Streetwise Reports (11/10/2020)

Shares of Western Midstream Partners traded 23% higher after the company reported Q3/20 financial results that included a nearly 100% growth in Net income. The firm also provided FY/21 guidance and announced a $250 million buyback program.