So says Ben Duronio (www.businessinsider.com) in his most recent post* which is made available by Lorimer Wilson, editor of www.munKNEE.com (Your Key to Making Money!) and www.FinancialArticleSummariesToday.com (A site for sore eyes and inquisitive minds). This paragraph must be included in any article re-posting to avoid copyright infringement.
Duronio goes on to say:
Not surprisingly, the video doesn’t spend much time on the controversies surrounding the environmental risks. That discussion is for another time.
For now, check out these key points from the animation that will help any novice speak more intelligently about fracking.
Fracking is used to extract oil and gas from shale reservoirs more than a mile below the surface
When the drill reaches the reservoir, it moves horizontally to allow for access to multiple wells from one drilling pad
Once the drilling is finished, a perforating gun is installed that fires through the casings and into the reservoir
Water, sand, and a chemicals are then pumped deep into the reservoir
The fluid is pumped into the wellbore and out through the perforations, creating fractures into the rock. This is why it’s called hydraulic fracturing
The sand in the fluid remains in the fractures, which allows the oil and natural gas to flow to the wellbore easily
The process is repeated along the horizontal section of the well
Then the extraction begins
The entire fracturing process takes roughly three to five months. But the investment can result in a well that can produce for 20-40 years.
Here is the entire video.
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*http://www.businessinsider.com/marathon-oil-animation-on-hydraulic-fracking-2012-8?op=1#ixzz23YLCP3ut (To access the above article please copy the URL and paste it into your browser.)
Editor’s Note: The above post may have been edited ([ ]), abridged (…), and reformatted (including the title, some sub-titles and bold/italics emphases) for the sake of clarity and brevity to ensure a fast and easy read. The article’s views and conclusions are unaltered and no personal comments have been included to maintain the integrity of the original article.
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