The three biggest providers of oil-field services in North America—Schlumberger Ltd., SLB -0.26% Halliburton Co. HAL +0.55% and Baker Hughes Inc. BHI -0.45% —are spending millions of dollars to retrofit pumps and drilling-rig engines to run on natural gas instead of diesel fuel.
Apache said its initiatives, in Oklahoma and Texas, will be the first to fracture wells using entire fleets of pumps converted to run on natural gas. The company estimates the shift will lower fuel costs for the jobs by approximately 40%, and could reduce its tab for drilling and fracking, estimated at more than $100 million in 2013, if expanded to other locations.
The very sad thing is Obama has our economy in lock down over tax increases which would cover his massive spending four year binge above 25% of GNP - for only a few days.
Rather than cutting back on unworkable Progressive corn ethanol corruption by adoption of domestic natural gas.