EIA: Widespread production declines across major shale basins in US
Friday, April 17, 2020
The latest data from the Energy Information Administration’s Drilling Productivity Report shows widespread production declines across every major shale basin in the United States, according to Yahoo Finance.
Declines in oil production between April and May include losses of 76,000 bpd in the Permian, 35,000 bpd in the Eagle Ford, 28,000 bpd in the Bakken, 21,000 bpd in the Anadarko and 20,000 bpd in the Niobrara.
Declines in natural gas production include losses of 326 million cubic feet per day in May in the Appalachian basin, which includes the Marcellus and Utica shale plays, and 216 mcf/d in May in the Anadarko basin in Oklahoma — 3 percent decline in production.
Learn more: Yahoo Finance > U.S. Oil Drilling Grinds to a Halt at Key Shale Hotspots
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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.