The last few decades have seen an increasing number of advancement in the energy sector, among them, is the latest fad of Fracking. Originally believed to have started in the 1860’s, the first form of fracking innovation didn’t take place until the 1930’s. Recent innovations have now made it more feasible to use Fracking as a method to obtain natural gas.
Fracking is nothing but an informal term given to hydraulic fracturing. The use of advanced hydraulic fracturing combined with horizontal drilling is what’s surging the oil and natural gas production in the US and set to take the country to great heights in the coming years. Fracking involves safely tapping or fracturing shale and other tight rock formations by drilling a mile below the surface before gradually turning horizontal to dig thousands of feet more. This allows a single site to accommodate many wells. Once the wells are drilled in their respective place, small perforations are made in the horizontal portion of the well- pipe in which concentrated mixtures of water, sand, and chemicals are injected at high pressure to create micro-fractures. This helps break up the shale in the rocks and release natural gas.
Fracking has serious benefits to the oil and natural gas sector. Fracking has let the US tap on to vast oil and natural gas reserves that were once locked away in shale and tight rock formations. As per official figures, over 39 percent of all natural gas produced in the US came from shale deposits. The year 2013 saw the US become the world’s biggest natural gas producer with the generation of almost 20 percent of the entire planet’s gas supply in the world. This has led to a decrease in gas prices. Fracking has now surged the US and Canada with gas security for almost 100 years and has presented opportunities to generate electricity at half the CO2 emission of coal. With the increase in production of oil and natural gas, the number of people employed in production and delivery activities has also increased. The increase in the use of fracking technology has seen a steady rise in the employment figures which now stand at almost 67 percent. The other notable point that fracking brings to the table is the control in pollution levels. Fossil fuels are bad for the environment because of the chemicals they release into the atmosphere. However, access to natural gas means the less carbon dioxide is released into the atmosphere providing for much better and cleaner air.
As can be seen from above, fracking technology is the next up and coming source of clean energy for the globe and its potential is endless if used in the right way.