US Fracking Wells Are Producing Far Less Than Forecast

On average, these companies are set to pump about 10% less oil and gas than was forecast, an amount which equates to about 1 billion barrels of oil and gas over 30 years, which would be priced at about $30 billion at current market prices. In some regions, companies are reportedly off track by more than 50%.

3 thoughts on “US Fracking Wells Are Producing Far Less Than Forecast

    • Not entirely, anthracite can be burned cleanly and mined with less destruction to the environment and loss of life. Those good states will not become prosperous on the order of Saudi Arabia or Iran, and don’t expect a powerful anthracitedollar, but life would be better.

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