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Enterprise Products Partners L.P. Message Board

  • sayuthink sayuthink Sep 9, 2012 2:27 PM Flag

    New Fracking Costs

    This is outrageous, what is Obama thinking or trying to prove

    The Bureau of Land Management estimates that increased fracking regulations will cost an estimated $11,833 a well. EOG's independent engineers suggest the cost will be $253,839. That's $242,006 more per well then BLM suggests. That's a lot! The result will be that a number of wells, if not entire fields, will not be drilled. The cost/risk/profit ratio is just not reasonable.

    Sunday, September 9, 5:17 AM Complying with tighter fracking regulations on federal lands will cost $253,839 per well, says EOG Resources (EOG), Wyoming and Utah, citing a study from John Dunham & Associates. That's well above the $11,833 that the Bureau of Land Management estimates, and would cost natural gas producers a total of $1.5B-$1.62B a year.

    Sentiment: Hold

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