Hydraulic Fracturing is providing abundant energy and building local economies
Hydraulic Fracturing makes it possible to produce oil and natural gas in places where conventional technologies are ineffective. Fracking has unlocked massive new supplies of oil and clean-burning natural gas from dense deposits of shale — supplies that increase our country’s energy security and improve our ability to generate electricity, heat homes and power vehicles for generations to come. Hydraulic fracturing has also boosted local economies—generating royalty payments to property owners, providing tax revenues to the government and creating much-needed high-paying American jobs. Engineering and surveying, construction, hospitality, equipment manufacturing and environmental permitting are just some of the professions experiencing the positive ripple effects of increased oil and natural gas shale development.
Experts estimate that domestic shale plays hold an additional 24 billion barrels of recoverable oil and natural gas. Fracking is the key to unlocking these resources.