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The company also controlled 2,518,519 net undeveloped acres in New Brunswick, Canada, subject to an indefinite moratorium on hydraulic fracturing. [ 1 ] As of December 31, 2023, the company had 19.660 trillion cubic feet of natural gas equivalent of estimated proved reserves, of which 77% was natural gas , 20% was natural gas liquids , and 3% ...
2009: First hydraulic fracturing of a horizontally drilled well in New Brunswick in the McCully area. [59] 2009: Start of exploratory drilling and hydraulic fracturing in the Elgin area, south of Petitcodiac. [59] 2009–2010: The first shale-targeted wells are drilled in New Brunswick – four wells in the Elgin area, south of Petitcodiac.
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The earliest record of well drilling dates from 347 AD in China. [1] Petroleum was used in ancient China for "lighting, as a lubricant for cart axles and the bearings of water-powered drop hammers, as a source of carbon for inksticks, and as a medical remedy for sores on humans and mange in animals."
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(Reuters) - President Joe Biden is set to ban new offshore oil and gas development across 625 million acres (250 million hectares) of U.S. coastal territory, Bloomberg News reported on Friday.
Germany also had the largest hydraulic fracturing jobs in Europe, using up to 650 tonnes of proppant per well. Most German fracs used water- or oil-based gels. [34] The most popular target formation for hydraulic fracturing was the Rotliegend Sandstone. Hydraulically fractured wells are today the source of most of German natural gas production ...
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