EIA: Crude production inches up in US
Wednesday, July 24, 2019
In the Energy Information Administration’s newly released Drilling Productivity Report, it projects crude oil production in the U.S.’s most productive unconventional basins in the lower 48 states is projected to rise roughly 0.5% from July to August, according to Kallanish Energy.
Overall production is expected to rise 49,000 barrels per day from 8.50 million barrels per day (Mmbpd) in July to 8.55 Mmbpd in August.
The Appalachian Basin will see an increase of 4,000 barrels per day from 138,000 in July to 142,000 Bpd in August.
Learn more: Kallanish Energy > Crude production in top U.S. basins/plays inches up: Dpr
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Shale FAQ
What is fracking?
Fracking is a slang term for hydraulic fracturing. Fracturing is a process by which highly pressurized fluid is pumped thousands of feet into the ground to fracture rock formations. The goal is to release the natural gas that’s locked inside the rock.
Is it safe?
What most concerns people about fracturing is ground water contamination. The worry is that fractures underground, caused by the process, will extending upwards and into aquifers, releasing gas and chemicals into the ground water supply. There’s been no confirmed reports of such a thing happening. Though surface spills and drill site blowouts can lead to localized environmental concerns.
Will my water catch on fire?
Flammable water is caused by the release of methane gas into a drinking water supply. Methane gas occurs naturally and can be released by any kind of drilling, including water wells. In Pennsylvania officials fined Chesapeake Energy $1 million for contaminating ground water with methane. It was determined that the company had not properly cemented it’s boreholes and gas migrated up the well, between rock and into aquifers.