Friday, January 20, 2012

SUUUUUUUPER FRACK!

It's not exactly the next superhero residing in the Hall of Justice, but for gas drillers, the new "super fracking" techniques being developed by the big oilfield services companies like Schlumberger, Baker Hughes and Halliburton are something to cheer about.  New technologies can supposedly save producers millions in well costs while enabling them to produce more gas.

While some fracking opponents are not happy about these nascent techniques, they don't seem to be anything different than regular fracking outside of what goes on thousands of feet underground.  

But one potential downside is that it might make gas production economic for producers at even cheaper prices.  Whoopee!  Just what we need: more cheap gas.

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