Hydraulic fracturing, also known as “fracking,” is essential to produce oil and natural gas that is otherwise trapped in low-permeability rock formations deep underground. It significantly improves recovery by stimulating the movement of oil and natural gas. In fact, the vast majority of the country’s newly drilled wells would not produce oil or natural gas at sufficient levels without hydraulic fracturing.
We recognize there are environmental and social impacts associated with oil and natural gas exploration and we recognize there are environmental and social impacts associated with oil and natural gas exploration and production. That’s why we are working to build strong, collaborative relationships with land owners and local communities to listen and provide information. We’re also applying the latest advances in technology – developed through our own research and through partnerships within the industry – to safely and responsibly develop new oil and gas reserves energy resources.
We are committed to the consistent application of our Onshore Well Principles at every site we operate around the globe. These principles guide how we protect and respect people and the environment. We recognize that to ensure true sustainability, we must continue returning value to shareholders while helping supply the energy needed to drive the global economy, improving our environmental performance and contributing to American communities.