Oil and gas slump forces Carroll County attraction to close
Monday, August 22, 2016
The slump in oil and gas prices isn’t affecting just the energy industry.
The Plain Dealer reports that other businesses, such as the Atwood Lake Resort in Carroll County, Ohio, closed due to the prolonged decrease in oil and gas activity in the region.
Atwood Lake Resort originally closed in 2010, but reopened in 2012. The owners intended to use royalties from a well on the property to fund improvements. The well was never drilled, though, and when drilling ceased, out-of-state workers who had been staying at the resort left, hurting business.
Read more: The Plain Dealer > Atwood Lake Resort, closed for a second time, will be auctioned off next week
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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.