Another Utica Processing Facility in the Works
Monday, May 13, 2013
According to the Business Journal, Dallas-based Crosstex Energy, plans to invest $25 million to build the company’s third natural gas compression facility in the Ohio River Valley.
The company has already committed to invest $50 million for the construction of similar facilities in Noble and Monroe counties.
Each facility is supported by a long-term contract with Antero Resources, an exploration and production company.
» Via: The Business Journal › Crosstex Energy Plans 3rd Utica Processing Plant
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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.