In their effort to increase profit while reducing the strain on the environment, oil and gas companies are constantly looking for innovative ways to extract shale from the Earth. Depending on who you ask, the newest advancements for obtaining that shale differ greatly. Chesapeake Energy, for example, is practicing something called, “monster fracking” which could potentially boost well output 70 percent.
In Colorado, though, they’re hedging their bets on a new advancement in lateral fracking that may help reduce the number of standing wells while increasing the output of each location. The process has already been adopted by several companies like Denver-based SM Energy Company, Pioneer Natural Resources, and, funnily enough, Chesapeake Energy.