http://oilpro.com/post/9468/drilling-contracts-terminated-60-rigs-going-idle-leading-shale-dr. Ouch!!!
Crude oil is $86 today.... beginning of the end?
Discussion in 'Oilfield Trucking Forum' started by kogaFX, Oct 9, 2014.
Page 47 of 55
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This was the next article on that website and it makes a lot of sense when you see the year on year numbers.
http://oilpro.com/post/8832/drilling-permits-and-shale-drilling-activity -
A good read.
http://sanangelolive.com/news/business/2014-12-29/oil-price-uncertainty-looms-over-west-texas-2015 -
Not seeing that kind of layoff at all here in ND, and I saw a new pad being graded in today. I'm curious why TX seems to be getting hit so much harder.
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http://www.inforum.com/news/3651040-oil-regulator-says-lower-oil-prices-spell-gloom-not-doom-nd -
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I noticed some places are outlawing fracking, because of earth quakes, contamination of water, water wells at houses putting out water which will burn if a match is held to it, or a cigarette or lit march is thrown in the commode.
Does fracking cause earthquakes?
"Youngstown is located over the Marcellus Shale, a geological formation that scientists estimate contains 489 trillion cubic feet of natural gas. Before January 2011, it had never felt an earthquake, at least not since record-keeping began in 1776. But two weeks after the Northstar 1 well started pumping fluid into the ground, the tremors began. Though most were too small to feel, by December 2011 seismometers in the town had recorded a magnitude 3.9 quake."
To Read The Whole Article.
I figure many more places will out law this manner of getting oil and natural gas especially if earthquakes keeps happening in areas where ####### is done and water keeps getting contaminated. -
Water contamination is bad.
Causing earthquakes I don't believe.
Triggering the release of tectonic or strata tension relief maybe.
If this is the case then I would think fracking would be mandated along all major fault lines in order to release the built up tension.
If the tension along a fault line could be released every couple of years it would be no big deal.
It would eliminate the once in a long while big one that destroys and kills.Arky Thanks this.
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