About two-thirds of U.S. natural gas production and about half of U.S. oil production currently comes from hydraulically fractured wells. Fracking is an essential process in the U.S. oil and gas extraction process that has enabled the country to become self-sufficient in its hydrocarbon needs. The fracking industry is currently at a critical moment, facing reduced spending and increased environmental regulations. However, this is exactly the point where things get better. It’s this pressure that will bring fracking into the next decade, better, safer and stronger. It’s not the end of fracking, it’s simply the new beginning. The fracking industry is under increasingly severe pricing pressure across the value chain due to reduced spending by operators. In 2014 the U.S. rig count began its decline, negatively affecting fracking activity across the nation, with two major players, Schlumberger and Halliburton, experiencing a decline in fracking revenue from 2014 […]