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I have watched, listened, learned and played the markets for about 25 years. At first my interest reflected a natural curiosity about business, but after legal training I graduated into a more educated and holistic view of the market as a reflection of litigation, law, news, market share,... More
  • Apache Adopts Natural Gas To Completely Power A Fracking Job 0 comments
    May 28, 2013 2:16 AM | about stocks: HAL

    They claim 40% cost savings on fuel. Interesting.

    Because Apache is using modified diesel engines to power its fracking operation, it will employ a dual-fuel approach that will still use a small portion of diesel along with the natural gas, he said.

    Even then, fuel costs for a single frack job are expected to drop substantially, according to the company's calculations. Based on December prices, Apache estimates fuel costs for a frack job would drop from $123,386 on diesel to $74,473 using the dual-fuel engines.

    A typical frack job in the Granite Wash play of Texas and Oklahoma can use around 36,000 gallons of diesel, the company said.

    Stocks: HAL
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