Hydraulic Fracturing Stocks List
Symbol | Grade | Name | % Change | |
---|---|---|---|---|
GXE | F | Gear Energy Ltd. | 3.92 | |
CFW | C | Calfrac Well Services Ltd. | 1.01 | |
SHLE | A | Source Energy Services Ltd | -1.88 |
Related Industries: Oil & Gas E&P Oil & Gas Equipment & Services
- Hydraulic Fracturing
Hydraulic fracturing (also fracking, fraccing, frac'ing, hydrofracturing or hydrofracking) is a well stimulation technique in which rock is fractured by a pressurized liquid. The process involves the high-pressure injection of 'fracking fluid' (primarily water, containing sand or other proppants suspended with the aid of thickening agents) into a wellbore to create cracks in the deep-rock formations through which natural gas, petroleum, and brine will flow more freely. When the hydraulic pressure is removed from the well, small grains of hydraulic fracturing proppants (either sand or aluminium oxide) hold the fractures open.Hydraulic fracturing began as an experiment in 1947, and the first commercially successful application followed in 1950. As of 2012, 2.5 million "frac jobs" had been performed worldwide on oil and gas wells; over one million of those within the U.S. Such treatment is generally necessary to achieve adequate flow rates in shale gas, tight gas, tight oil, and coal seam gas wells. Some hydraulic fractures can form naturally in certain veins or dikes.Hydraulic fracturing is highly controversial in many countries. Its proponents advocate the economic benefits of more extensively accessible hydrocarbons,
as well as replacing coal with gas, which is cleaner and emits less Carbon dioxide (CO2). Opponents argue that these are outweighed by the potential environmental impacts, which include risks of ground and surface water contamination, air and noise pollution, and the triggering of earthquakes, along with the consequential hazards to public health and the environment.Methane leakage is also a problem directly associated with hydraulic fracturing, as a new Environmental Defense Fund (EDF) report in the US highlights, where the leakage rate in Pennsylvania during extensive testing and analysis was found to be approximately 10%, or over five times the reported figures. This leakage rate is considered representative of the hydraulic fracturing industry in the US generally. The EDF have recently announced a satellite mission to further locate and measure methane emissions.Increases in seismic activity following hydraulic fracturing along dormant or previously unknown faults are sometimes caused by the deep-injection disposal of hydraulic fracturing flowback (a byproduct of hydraulically fractured wells), and produced formation brine (a byproduct of both fractured and nonfractured oil and gas wells). For these reasons, hydraulic fracturing is under international scrutiny, restricted in some countries, and banned altogether in others. The European Union is drafting regulations that would permit the controlled application of hydraulic fracturing.
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