Over the last several years, the regulation of hydraulic fracturing in oil and gas extraction – or “fracking” – has emerged as one of the most controversial topics facing both the state of Colorado and the nation as a whole.
Simply stated, fracking is a technique in which water, sand, and chemicals are injected into a wellbore under high pressures in order to fracture rock formations and increase hydrocarbon recoveries. While basic fracking processes have been used for decades, recent advancements in both fracking and horizontal drilling technologies have made it possible to economically recover oil and gas resources from shale formations. The ability to exploit shale gas in particular has resulted in an enormous increase in both U.S. natural gas reserve estimates and annual production rates. Read more at Cobizmag.com