The Marcellus Shale, which stretches across Pennsylvania and West Virginia, has dethroned the Permian Basin of West Texas and eastern New Mexico as the top U.S. destination for hydraulic fracturing crews.
The Marcellus, which is rich in natural gas, has 31 percent of the active hydraulic fracturing crews in the field, followed by the oil-rich Permian with 30 percent and the Eagle Ford Shale in South Texas and the Haynesville Shale in East Texas and Louisiana with 14 percent each, according to data from Houston investment advisory firm Tudor, Pickering, Holt & Co.
Of the 450 available hydraulic fracturing fleets in the United States and Canada, only 70 are deployed in the field, Tudor, Pickering, Holt said.
Click here to read the full article.
Source: Houston Chronicle
Image Credit: Nicholas A. Tonelli/Flickr
