Have You Hugged a Fracker Today?

[Weatherman2020]

Global oil glut disappearing faster than expected.

“This implies that current crude oil price levels are near the point where the market balances, allowing U.S. and OPEC production to increase to meet higher demand in 2017 and 2018,” the EIA said.

Total world consumption for crude oil and liquid fuels is expected to average 98.09 million barrels per day this year, up from the previous forecast of 97.2 million barrels a day, the EIA said in its latest report.

The EIA also raised its price forecast for West Texas Intermediate crude CLH7, -0.71% to $53.46 a barrel this year, from the previous forecast of $52.50. For 2018, it upped its view by $1 to $56.18. It also lifted forecasts on Brent LCOJ7, -0.44% to $54.54 this year and $57.18 next year.


Notice that prices are expected to hover in the $50-$60 range rather than in the $100-$140 range. Hug a fracker and thank them.

 

[ABikerSailor]

You DO realize it is fracking wells that are causing OK to have lots of earthquakes they never had before, right?

 

[PoliticalChic]

You DO realize it is fracking wells that are causing OK to have lots of earthquakes they never had before, right?

No, not right.


"...the science doesn’t support them. The USGS website clearly states: “Fracking is NOT causing most of the induced earthquakes.” An important study from Stanford School of Earth, Energy & Environmental Sciences on the Oklahoma earthquakes, which I wrote about last year, makes clear that they are “unrelated to hydraulic fracturing.”
Is Fracking Causing Earthquakes?


Waiting for the fall-back position of the Left: 'success, and capitalism cause earthquakes.'

Did I just steal your next post?

 

[ABikerSailor]

You DO realize it is fracking wells that are causing OK to have lots of earthquakes they never had before, right?

No, not right.


"...the science doesn’t support them. The USGS website clearly states: “Fracking is NOT causing most of the induced earthquakes.” An important study from Stanford School of Earth, Energy & Environmental Sciences on the Oklahoma earthquakes, which I wrote about last year, makes clear that they are “unrelated to hydraulic fracturing.”
Is Fracking Causing Earthquakes?


Waiting for the fall-back position of the Left: 'success, and capitalism cause earthquakes.'

Did I just steal your next post?

No, but I went to the USGS website and found that yeah, they said fracking doesn't cause as many earthquakes as people claim, because the real culprit is wastewater disposal wells.

Fact 1: Fracking is NOT causing most of the induced earthquakes. Wastewater disposal is the primary cause of the recent increase in earthquakes in the central United States.
Wastewater disposal wells typically operate for longer durations and inject much more fluid than hydraulic fracturing, making them more likely to induce earthquakes. Enhanced oil recovery injects fluid into rock layers where oil and gas have already been extracted, while wastewater injection often occurs in never-before-touched rocks. Therefore, wastewater injection can raise pressure levels more than enhanced oil recovery, and thus increases the likelihood of induced earthquakes.

Induced Earthquakes

 

[william the wie]

Yeah that is why waste water injection is banned in OK

 

[RGR]

You DO realize it is fracking wells that are causing OK to have lots of earthquakes they never had before, right?

Horsecrap. EPA Class II injection wells are what are currently being blamed for earthquake activity. The micro-seismic related to individual fracture stages isn't considered an earthquake by even the most looney tunes anti-oil folks.

 

[RGR]

Yeah that is why waste water injection is banned in OK

It isn't. They shut down a few near the location of the last earthquake, they didn't ban anything.

 

[Care4all]

so it's not the fracking... but the waste water from the Fracking process that is causing the earthquakes?

 

[ABikerSailor]

so it's not the fracking... but the waste water from the Fracking process that is causing the earthquakes?

Injection wells are wells that they pump water into the ground to break up the rocks and get the gas. Apparently, they run longer and produce more than fracking wells.

 

[RGR]

so it's not the fracking... but the waste water from the Fracking process that is causing the earthquakes?

Waste water, as in produced formation water. Water volumes used in a hydraulic completion is nothing in comparison to water from discretely reservoired accumulations that have been producing (and disposing of the produced formation water) for longer than the likes of the public has even known the word "fracking", let alone what it means.

 

[RGR]

Injection wells are wells that they pump water into the ground to break up the rocks and get the gas. Apparently, they run longer and produce more than fracking wells.

Waste water injection wells are not allowed to pressure up anywhere near the fracture gradient, during normal operations. And waste water injection wells are pumped INTO, they do not produce gas. And those operating injection pressures are watched quite carefully by regulators to make sure of exactly that.

 

[Care4all]

ok, here is a Fracking for DUMMIES question... for my own laziness of not wanting to spend the time googling it.....

What is fracking exactly?

 

[RGR]

ok, here is a Fracking for DUMMIES question... for my own laziness of not wanting to spend the time googling it.....

What is fracking exactly?

The EIA wrote a wonderful paragraph explaining it last year, here, paragraph 2. Best short and laymanish explanation I've seen in print.

Hydraulic fracturing accounts for about half of current U.S. crude oil production - Today in Energy - U.S. Energy Information Administration (EIA)