What does Hydraulic Fracturing mean?
A new technology used in Oil and Gas Industry. While drilling a well, hydraulic fracturing is done to create fractures in rock by a pressurized liquid. This releases oil and gas caped inside rocks and enhances well productivity.
Futures Knowledge Explains Hydraulic Fracturing
Hydraulic Fracturing has brought a boom in shale oil production. Hydraulic Fracturing has made possible to extract oil & gas from shale reservoirs and produce on a commercial scale. This was successfully applied in the US in 2000s which made the US the world’s largest oil producer. Massive hydraulic fracturing is adding to oil surplus production. In a way, advent of this technology is considered one of the important factors pulling down oil prices since June 2014.