asg70 wrote:Subjectivist wrote:Based on this graph drilling is going up almost as fast now as it was in 2010!
The theory put forward here that there isn't enough recoverable shale to power a second round of fracking seems to be in the process of being invalidated. (And this is taking place at a lower price regime than people here predicted was necessary for shale operations to make money.)
Indeed. Something a whole lot of us missed around here, fracking is too much of a catch all term to use. The number of different formations with their different properties, not to mention spots within those formations will still more differences in their conditions, makes a blanket term rather meaningless.