Fracking. FSEM Group 4. Benefits. •Creates more jobs in many parts of the country, such as Pennsylvania, West Virginia, Ohio, and New York •Tens of thousands of jobs have already been created, and there is still room for growth •Helps the US become more dependent on its domestic energy.
FSEM Group 4
•Creates more jobs in many parts of the country, such as Pennsylvania, West Virginia, Ohio, and New York
•Tens of thousands of jobs have already been created, and there is still room for growth
•Helps the US become more dependent on its domestic energy
•Fracking makes it easier to extract gas from the shale deposits
•It also makes it cheaper to extract gas
•This allows for the energy to be bought and used at cheaper prices
•Americans will pay less for their energy and families can heat their home more cheaply
•Allows us to use more natural gas and less coal and oil
•Emits half of the emissions that CO2 emits with coal and oil
•Gets rid of much of the harmful pollutants that come from coal such as sulfur dioxide, mercury, and radioactive emissions
(1) Use of unsafe chemicals
(i.e. Pavillion, WY)
i.e. Drimock, PA -- wetland, fishkill
(6) Freshwater Scarcity
How much does it cost to get at this stuff?
A study, conducted by the University of Pittsburgh in 2011, found that gas obtained from wells that use hydraulic fracturing costs approximately 90 percent more than gas from more traditional wells. Other industry analysts simply state that the cost from these “unconventional” sources will add a dollar or two per MMBtu to production costs.
The Pitt study found that the average cost of developing a well that utilized hydraulic fracturing was approximately $7.6 million in direct costs (others place that cost as high as $10.5 million per well)—as compared with $4 to $5 million for more traditional wells.
-- Acquiring land
-- Installing a pipeline distribution system
-- Build gathering stations
-- Compressor stations
-- Other infrastructures
2. Signing bonuses and royalties
-- signing bonuses fluctuates from location to location
-- Special Use Permits (SUPs)
3. Unanticipated costs
-- well blows out
-- pipe casing fails
-- pipeline rupture
-- expiry date of wells