Bad news for high-cost, highly leveraged drillers but good news for the U.S. economy overall.
We need higher natgas prices in the U.S. to incentivize drillers to keep going after oil.
Strikes at the mine started two weeks ago when thousands of rock drillers demanded higher wages.
Many drillers already run cement logs and do pressure tests and store flowback water safely.
FORBES: New Federal Fracking Rules Look Reasonable; Enviros Not Satisfied
For now, some environmental groups and drillers are waiting and seeing, or politely declining.
That means that drillers must spend ever more money to find ever smaller quantities.
So how to convince the drillers that they will not incur a major environmental liability?
Last year, drillers in the U.S. used 40 billion gallons of fresh water to frack.
Encouraging drillers to use this water to frack natural gas wells brings obvious environmental benefit.
In an industry filled with high-tech drilling gear, why are shale drillers excited about a sponge?
FORBES: Shale Gas Frackers Get Excited About ... A New Sponge?
Not energy drillers and explorers, but the companies that sell equipment to those drillers.
By the time miners or drillers or farmers realize that demand has outstripped supply, it's too late.
"It's a problem (the drillers) didn't create, but hopefully a problem they can help solve, " said Sen.
The GVCA hired him on contract to lobby for new rules creating tougher environmental regulations for drillers.
One way to play that theme is with small-cap drillers, especially those that withstood Katrina and Rita.
Directly tied to this oil move are many of the drillers which seem to be awaiting the cue.
OPEC's agreement to increase oil quotas topped out Schlumberger and Halliburton and created massive hemorrhaging in the drillers.
As a consequence, drillers continued to punch holes in the ground even as the oversupply situation became clear.
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This suit sends a strong message to oil drillers that the country is dead serious about environmental responsibility.
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The drillers are the contractors of the industry, the workhorses hired to dig the hole where the operator points.
Some offshore drillers' profits won't be hurt by a drop in oil prices.
Fracking opens up vast tracts of the U.S. to exploitation by gas drillers.
Pennsylvania has ordered drillers to use extra layers of pipe at those depths.
As they do, fracking becomes profitable once again and drillers will move in.
FORBES: Will Natural Gas Stay Cheap Enough To Replace Coal And Lower US Carbon Emissions
Why are we funding offshore drillers in Brazil, but not in the US?
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Special Offer: Small cap oil and gas drillers are off to the races.
It is one of the most savvy deep water drillers in the Americas.
Another well had to be abandoned when the drillers hit red-hot molten rock.
Once finalized they will apply to drillers currently working 49, 000 leases covering 38 million acres of federal and tribal land.
FORBES: New Federal Fracking Rules Look Reasonable; Enviros Not Satisfied
The Bakken is just the biggest of spots across the country where drillers have triggered an onshore oil and gas boom.
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