Fracking Provides Boon in Drilling

Though fracking has seen increases in usage and publicity, it has actually been around in different levels of capacities since the early 1940s. Analysts expect that fracking will only expand in popularity over the near future with over 2.6 million wells worldwide. If addition reserves are discovered (highly likely) that number will exponentially increase the amount of fossil fuels produced from fracking. 

While there are different methods and uses with fracking, the basic process injects a mix of water, sand and chemicals into a well, creating a fluid that produces fractures in a pre-drilled well. These fractures permeate the surrounding rock bed and the mixture fills any cracks created by the water to keep it open after water flows back out. This allows natural gas and oil to flow up the wellbore through the created fractures. 

Though fracking policies, particularly in the legislative arena can be a controversial subject, the fact is that well-regulated and safe fracking procedures and technologies continue to improve the current industry standards that are continually being updated and reviewed.

Safe and responsible drilling and development of shale energy has helped drive the boom in shale oil production. It is imperative that responsible processes are followed in relation to fracking. Though certain challenges still need to be resolved and additional challenges may present itself, plenty of experienced industry experts are working constantly to help achieve positive, beneficially and responsible results with regards to fracking. 

Development of shale energy is heavily reliant on responsible operations when dealing with fracking. While certain challenges associated with fracking still need to be overcome, operators and industry experts have acknowledged such challenges and are working to help achieve lasting and positive results.

While oil production gradually declined after the 1980s, fracking has revived the industry along with other innovative techniques that have expanded oil production. This expansion provides direct economic effects that provides a boon to both domestic and the world economy.