Oil And Gas Tax Credits
Technically known as “hydraulic fracking,” the procedure is fundamentally simple. Fracking is accomplished by injecting mostly water with some sand and chemicals under high pressure into a well — either for crude oil or natural gas — to fracture rock formations.
Fissures created by the fracking process release oil and gas that might otherwise be permanently trapped in countless small pores common in oil-bearing rock. Where oil does not easily flow to the drill, as much as 75% of the oil may remain below the earth’s surface.
The Bakken Field Could Increase Production by Fracking
Bakken oil lies in a shale rock formation across western North Dakota, northeast Montana, and into Canada's Saskatchewan Province. It has been drilled for decades, but the oil is difficult to remove because it does not flow well. Current production is about 225,000 barrels of oil a day. Fracking could quadruple that amount by 2020.
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