Fraccing in The US of A24 Sep 2020 05:02
According to the U.S. Energy Information Administration (EIA), onshore wells typically cost between $4.9 million and $8.3 million when including costs related to land acquisition, capitalized drilling, completion, facilities costs, lease operating expenses, and gathering processing and transport costs.
38% of those costs come from hydraulic fracturing. Commonly known as fracking, hydraulic fracturing involves pumping water into a well at a high pressure to break up rock in which oil and gas are trapped.
God only knows what it will cost with this outfit!