Hydraulic fracturing for oil and gas is posing a growing risk to water supplies in several regions around the country, according to a new report. Competition between water use for fracking and other uses is not new, particularly in dry areas, but as oil and gas production rises, the issue will only grow in importance.
Stronger natural gas prices are good news for some and bad news for others, Rapier writes. Given their heavy investments in natural gas, ExxonMobil and ConocoPhillips, along with Chesapeake, stand to benefit from the recovery in natural gas prices.
If the change at Chesapeake is any indication, the natural gas industry is going to be far more buttoned-down as it pares debt and boosts operating profit.