The rise of hydraulic fracturing, or fracking, is one of the most important technological breakthroughs of the past decade, turning the United States into the leading producer of oil in the world. But in the past year or so, investors and large companies have soured on it. The stock returns for companies in the industry have been abysmal, and the low price of oil today makes fracking in most areas a weak economic proposition. With oil below $40, margins on new fracking projects are near zero even in the best cases.
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September 22, 2020 at 07:19PM
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Fracking Has Been Left for Dead. One Company Is Still Betting Big On It. - Barron's
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