Low-cost fracking offers boon to oil producers, headaches for suppliers

Evolution Well Services' electric hydraulic fracturing equipment is assembled at an EOG Resources well pad in an aerial photo taken over the Permian Basin oil drilling area near Loving, New Mexico, U.S., July 11, 2019. Evolution Well Services/Handout via REUTERS. NO RESALES. NO ARCHIVES. THIS IMAGE HAS BEEN SUPPLIED BY A THIRD PARTY.

SMILEY, Texas (Reuters) – At a dusty drilling site east of San Antonio, shale producer EOG Resources Inc recently completed its latest well using a new technology developed by a small services firm that promises to slash the cost of each by $200,000. The technology, called electric fracking and powered by natural gas from EOG’s […]

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