In this month’s Business Intelligence insight, we look at what effect lower oil prices could have on the fracking industry.
With oil prices at a five year low, traditional methods of hydraulic fracking are fast becoming uneconomical. This is good news for our industry, as fracking firms look to boost productivity in order to absorb the hit taken by the lower price of oil.
Could waterless fracking be the answer? Studies carried out by various companies have concluded that fracking with liquid carbon dioxide improves the productivity of a well, and also eliminates the negative environmental impact caused by the unsustainable use of water in hydraulic fracking.
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