Hydraulic Fracturing

The process of inducing fractures in low-permeability rock formations using high-pressurized fluid for oil and gas production.

Lux logo LUX TAKE:

Despite hydraulic fracturing's rise to dominance, well breakevens in U.S shale remain two to three times higher than those of conventional plays in the Middle East. Significant cost reductions will be needed for improving profitability of the technology to compete in a potentially volatile oil market as demand for hydrocarbons pivots toward Asian economies.

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