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Hydraulic Fracturing, commonly referred to as fracking, is a process used in oil and gas exploration and production. It involves injecting a mixture of water, sand, and chemicals into a well at high pressure to create fractures in the rock formation. This allows oil and gas to flow more freely from the formation into the well. Fracking has become an increasingly popular method of oil and gas extraction in recent years due to its cost-effectiveness and ability to access previously inaccessible reserves.
Fracking has been met with some controversy due to its potential environmental impacts, such as water contamination and air pollution. Despite this, it remains a key component of the oil and gas industry.
Some of the major companies in the hydraulic fracturing market include Halliburton, Schlumberger, Baker Hughes, Weatherford International, and Calfrac Well Services. Show Less Read more