Fracking – The Next Frontier for Offshore Drilling in the Gulf of Mexico

Fracking – The Next Frontier for Offshore Drilling in the Gulf of Mexico

‘In little-noticed news arising out of a recent Gulf of Mexico offshore oil and gas lease held by the U.S. Department of Interior’s Bureau of Ocean Energy Management, the floodgates have opened for Gulf offshore hydraulic fracturing (“fracking”).
With 21.6 million acres auctioned off by the Obama Administration and 433,822 acres receiving bids, some press accounts have declared BP America — of 2010 Gulf of Mexico offshore oil spill infamy — a big winner of the auction. If true, fracking and the oil and gas services companies who perform it like Halliburton, Baker Hughes and Schlumberger came in a close second.’
Read more: Fracking – The Next Frontier for Offshore Drilling in the Gulf of Mexico