'Fracking'. but as we're finding out now, that 'Play' is showing signs of 'Peaking'...not my call...it's the O&G Industry's call...as you can see for yourself by clicking on links within this AI overview of the issue...
You need to think beyond just today...Trump's "Deal" is a poor one for all of us.
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AI Overview
While it's not definitively clear if fracking has peaked, there are indications that U.S. oil production from shale formations, largely driven by fracking, may be nearing a peak or plateau. Several factors point to this, including declining growth rates in key shale plays, companies cutting back on drilling and fracking crews, and a shift in investment towards lower-carbon assets.
Peak US Oil Production Looms as the Domestic Shale Boom Ends ...
Here's a more detailed look:
Slowing Growth:
While the U.S. has seen a massive surge in oil production from shale formations in recent years, the rate of growth is slowing down.
Maturity of Shale Plays:
Major shale plays, like the Permian, are maturing, making it more challenging and expensive to find and extract oil.
Industry Cutbacks:
Companies like Diamondback and Coterra have announced reductions in drilling and fracking activity, citing factors like lower oil prices and the need to manage costs.
Shifting Investments:
Some companies are directing capital towards other areas, including lower-carbon energy sources, suggesting a potential shift away from aggressive shale development, according to Shale Magazine.
EIA Projections:
The US Energy Information Administration (EIA) still projects record oil production this year, but the pace of growth is slowing, and some projections now anticipate a peak around 2027, according to GIS Reports.
While these factors suggest a potential peak, it's important to note that the industry has a history of adapting and overcoming challenges. The future of U.S. oil production will depend on various factors, including oil prices, technological advancements, and investment decisions.
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Link: https://www.google.com/search?client=safari&rls=en&q=has+fracking+peaked+in+the+U.S.%3F&ie=UTF-8&oe=UTF-8