Permitting rises from January to February
Friday, March 24, 2023
Permitting rose 8% month-over-month in February, however, decreased from the same time period a year prior, according to Natural Gas Intelligence.
Evercore data reported 2,929 permits issued in February, which was an increase of 211 permits from January. However, the numbers were down 8.8% from February 2022.
In the Marcellus Shale, permitting rose by 199 permits, increasing 151%. The Marcellus Shale accounted for 7% of all permits issued last month.
Learn more: Natural Gas Intelligence > Lower 48 Oil and Natural Gas Permitting Rises, but Not Everywhere
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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.