One Company Isn’t Impressed with the Utica
Thursday, March 6, 2014
Apparently not every company is impressed with Ohio’s Utica shale.
According to Columbus Business First, Halcon Resources Corp., a Houston-based driller, isn’t planning on drilling any more wells in the Utica in 2014. The company currently holds 11 horizontal well permits with three wells producing in Trumbull County and one producing in Mahoning County.
The company owns some 139,000 acres in the Utica.
Halcon is waiting on results from the currently producing wells.
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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.