NationofChange
Modern fracking emerged so quickly, faster than its impacts were understood.
What is fracking?
Fracking is a process of blasting water, chemicals and frac sand deep into the earth to break up sedimentary rock and access natural gas and crude oil deposits. The fracking industry, which has sought to promote the practice as safe and controlled, has preferred the term “hydraulic fracturing.”
Fracking emerged as an unconventional, “relatively new” and extremely popular technique only about 20 years ago in the U.S., after advances in technology gave it an unprecedented ability to identify and extract massive amounts of resources efficiently.
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The company opted to focus on its larger operations in the Bakken Shale of North Dakota and the Eagle Ford Shale in South Texas during 2020, when its capital budget and activity were trimmed in response to low oil prices from the coronavirus pandemic. It now plans to begin measured activity in Oklahoma and New Mexico ahead of 2022, when those plays will be brought back, said Michael Henderson, executive vice president of Marathon s operations.
Five drilled but uncompleted wells are targeted for production in Oklahoma, starting second-half 2021, to take advantage of favorable natural gas and NGLs pricing. And in the Delaware, the company will monitor the performance of a six-well pad brought on in late 2020, with wells averaging a solid 1,800 b/d of oil equivalent, as it prepares for further activity heading into 2022.