• 3 minutes Oil Price Could Fall To $30 If Global Deal Not Extended
  • 7 minutes Middle East on brink: Oil tankers attacked off Oman
  • 11 minutes Is $60/Bbl WTI still considered a break even for Shale Oil
  • 15 minutes CNN:America's oil boom will break more records this year. OPEC is stuck in retreat
  • 6 hours The Pope: "Climate change ... doomsday predictions can no longer be met with irony or disdain."
  • 3 hours Coal Boom in Asia is Real and a Long Trend
  • 2 hours The Plastics Problem
  • 9 hours China's President Xi To Visit North Korea This Week
  • 56 mins GM Considering Electric Hummer
  • 3 hours Hydrogen FTW... Some Day
  • 12 hours OPEC, GEO-POLITICS & OIL SUPPLY & PRICES
  • 15 hours Fareed Zakaria: Canary in the Coal Mine (U.S. Dollar Hegemony)
  • 15 hours Why Is America (Texas) Burning Millions of Dollars Per Day Of Natural Gas?
  • 11 hours Forbes: Giant Floating Solar Farms Could Extract CO2 From Seawater, Producing Methanol Fuel.
  • 5 hours The Magic and Wonders of US Shale Supply: Keeping energy price shock minimised: US oil supply keeping lid on prices despite global risks: IEA chief
  • 13 hours Hormuz and surrounding waters: Energy Threats to the World: Oil, LNG, shipping markets digest new risks after Strait of Hormuz attack
  • 17 hours As Iran Nuclear Deal Flounders, France Turns To Saudi For Oil
  • 8 hours Russia removes special military forces from Venezuela . . . . Maduro gone by September ? . . . Oil starts to flow ? Think so . .
The Calm After The Storm In Oil Markets

The Calm After The Storm In Oil Markets

The rapid drop in crude…

Middle East Torpedo Attacks Send Oil Prices Soaring

Middle East Torpedo Attacks Send Oil Prices Soaring

Oil prices jumped on Thursday…

Is Colorado’s Fracking Industry at Threat from the Floods?

Colorado is currently experiencing some of the worst flooding it has ever seen, and as one of the most densely fracked areas in the United States, people are now beginning to worry about the stability of those fracking sites and wells, many of which have been completely covered by the floodwater.

Photos and video footage continues to be published online showing evidence of flooded fracking sites still in operation, toppled or displaced condensate tanks (which hold waste fracking fluid), smaller tanks and barrels floating in the waters, and leaking unknown fluids, and various pieces of drilling debris scattered throughout the state.

According to the Huffington Post, the historic floods affecting Colorado have already taken the lives of eight people with hundreds more still missing. It has destroyed, or damaged nearly 20,000 homes, 50 bridges, and forced more than 10,000 people to evacuate the region. Only now, as the state officials begin to make plans to rebuild, will the scale of the impact on the fracking industry be revealed.

Related article: How the Shale Boom has Effected the US Economy

Cliff Willmeng, an anti-fracking activist and spokesman for East Boulder County United, explained that there are “hundreds, if not thousands, of wells underwater right now and we have no idea what those wells are leaking. It’s very clear they are leaking into the floodwaters, though.”

The oil and gas industry has assured that the floods should not affect the fracking sites in any way. Tisha Schuller, the CEO and President of the Colorado Oil and Gas Association, said that “none of the fracking sites have been left open during the flood and we don't have any major issues going on. There were no fracking sites affected by the flood.”

However at least one pipeline has already been confirmed to be broken and leaking, and as the floodwaters subside it is only expected that more broken infrastructure and leaks will begin to surface.

Some of the largest oil companies operating in the area have managed to remotely shutdown their wells. Anadarko Petroleum Corp. has shut down 600 wells and stopped all drilling activity in affected regions; Noble has shut down 10% of its Colorado wells; Encana Oil & Gas has shut down nearly 400 wells; and PDC Energy has shut down over 100 wells. Although this is very few in the larger scheme of things as there are more than 20,000 wells in the Niobrara Formation in Northern Colorado alone.

By. James Burgess of Oilprice.com



Join the discussion | Back to homepage

Leave a comment

Leave a comment

Oilprice - The No. 1 Source for Oil & Energy News