THE FRACKERS THE OUTRAGEOUS INSIDE STORY OF THE NEW BILLIONAIRE WILDCATTERS 1ST EDITION PDF, EPUB, EBOOK Gregory Zuckerman | 9781591846451 | | | | | The Frackers The Outrageous Inside Story of the New Billionaire Wildcatters 1st edition PDF Book And why did it all happen in the United States and not in China, Russia, or other countries that boast their own enormous deposits of oil and gas in similar rock? What about the big oil service companies Halliburton and Schlumberger specifically? Seller Inventory n. The Frackers was a sensational story. Gas production has soared 20 percent in five years, and the United States now should have enough gas to last generations. He ran Tapstone for several years until he was again forced out by his investors in I also liked the parts on Continental Energy. Ultimately, this outcry gained more traction than these entrepreneurs or perhaps even Zuckerman himself prefer to acknowledge. Then World War II broke out. You could do worse if you're looking for a high-level overview of this controversial industry. Penguin Softcover. Very well written. Pointing to his rolling acreage like a proud parent, Butler described how one day—just over two years earlier—a representative of Conoco Phillips had come knocking on his office door to ask if the huge oil company could drill on his property. Other Popular Editions of the Same Title. Fracking was a A word first used in s in Battlestar Galactica as a substitute of a curse word, Fracking in oil industry means the technique of fracturing the rocks by pummeling them with various liquids to free up gas trapped in those rocks. Unfortunately, the environmental concerns receive short shrift in this book. If you happen to have this book on your shelf, I would recommend reading the last pages. But gas prices remained low and the company was often strapped for cash, forcing it to hold off drilling for long stretches. In general, Given that I'm a PhD geologist, and teach a large number of students who plan to go into industry, I'm a bit surprised that it was a Motley Fool podcast that brought this book to my attention. Impoverished and illiterate, Paraskevopoulos walked fifty miles to a freighter bound for Ellis Island, agreeing to work on the ship in exchange for free passage, becoming one of thousands of Greeks leaving for America. How did obscure energy entrepreneurs develop technologies to produce a surge of energy, even as a chorus of experts, including Peter Thiel, an original investor in Facebook, derided the country for no longer making dramatic technological advances? The writing is excellent, the story flows smoothly, and the characters are quite colorful. Average rating 3. The United States was running on empty, just like Mitchell Energy. He just needed to get investors on board. Per another commenter, Russell Gold's "The Boom" promises to offer different insights in a few months. It was in such times that these enterprises took the risk of building the domestic US oil industry relying on domestic reserves with Fracking. The shifts that have taken place in the United States, and those on the way around the globe, are in many ways not nearly as astonishing as the story of how a small group of individuals made it all happen, against all odds. Circles Not in any circle. On a macro level, Zuckerman canvases the energy industry's changing landscape across the U. Reads like a novel. They risked everything on a new process called fracking. Mitchell listened patiently to the skepticism at the board meeting. The country enjoyed its largest production increase in history in and could pump more than eleven million barrels a day by , its highest figure ever and more than even Saudi Arabia currently produces. The Frackers The Outrageous Inside Story of the New Billionaire Wildcatters 1st edition Writer The shift is helping to bring back some jobs once believed to have been lost forever to China and other low-cost economies. Very well written. Bitter-sweet read for me. The Arab oil embargo served notice that the nation had become reliant on others for its energy needs. His exclusive access enabled him to get close to the frackers and chronicle the untold story of how they transformed the nation and the world. Tall and broad, he tended his cattle in a flannel shirt, blue jeans, and muddy boots. Other editions. His exclusive access enabled him to get close to the frackers and chronicle the untold story of how they transformed the nation and the world. Fracking was a A word first used in s in Battlestar Galactica as a substitute of a curse word, Fracking in oil industry means the technique of fracturing the rocks by pummeling them with various liquids to free up gas trapped in those rocks. The only major concern admitted with natural gas is the seepage of methane gas which writes off any advantage earned by reduced CO2 emission. Cut off funds for Putin's adventures and weaken Arab support for Muslim terrorist. Still, natural gas is cheap and abundant and still growing in share in "thermal load" even as coal has died and renewables play a larger share. Mitchell persevered, siphoning enough cash from his company to begin building The Woodlands, a mixed-income development. If you happen to have this book on your shelf, I would recommend reading the last pages. Boy, was I mistaken. I watch a lot of Mad Money and read the wall street journal, so I was familiar with much of the story. But Mitchell was convinced he could tap profits. These fields have been rediscovered because of the vast teams of geologists, engineers and geophysicists in the office and the fields crunching numbers, guiding the drill rigs, targeting the fracture locations and intensities. Instead, it was Aubrey McClendon—an Oklahoma upstart employing his own improved fracking and drilling techniques—who was gaining admiration and even envy. The brothers accumulated an impressive track record, even as they competed with a rush of independent wildcatters flocking to Texas after World War II. About Gregory Zuckerman. It's also good on understanding the greed of several major players in the business, above all, Aubrey McClendon of Chesapeake. Mitchell expected to see combat overseas, like many his age. But during the s, promising fields became more difficult to locate. Follow :. The philosophy of get big fast and the gamble that prices would climb led to it's founders, executives, and many shareholders becoming very rich for a time. The reader may not become enthralled but certainly may encounter a few a-ha moments and enjoy the momentum this book builds throughout. The Frackers The Outrageous Inside Story of the New Billionaire Wildcatters 1st edition Reviews But word of his enthusiasm for the Barnett, and of his promising early tests, began to trickle out. Just a moment while we sign you in to your Goodreads account. Good technological and business review; just so-so environmentally This book is especially valuable for people wanting to understand the technological issues behind both oil and gas fracking, and, related to that, a bit about petroleum geology and exploration in the "age of shale. He wasn't prepared for the shocking fallout of his discoveries. Nov 21, Breakingviews rated it really liked it. Mitchell expected to see combat overseas, like many his age. Related Searches. In other countries the government owns the mineral rights. However energy prices took a drastic dip in and his investors were beginning to force him to spin off parts of the company. The Merrill Lynch bankers told Hamm there seemed to be enough interest in Continental for the company to sell its shares for as much as eighteen dollars each in its prospective offering. Published Date. The brothers also received an ownership stake of about one thirty-second of each well they drilled for the investor group. Aubrey McClendon was a scion of the wealthy Kerr family in Oklahoma who just couldn't stop leasing land, which for awhile turned his Cheasepeake Energy company into one of t Gregory Zuckerman found some great characters to explain the fracking boom. It was a mere trickle, representing a fraction of 1 percent of what ExxonMobil pumped on a daily basis. By experimenting with hydraulic fracturing through extremely dense shale a process now known as fracking the wildcatters'started a revolution. Aug 13, Erika Koster rated it did not like it. By , Butler faced growing difficulties with his business and was coping with a nervous system disorder. Things looked grim for American energy in Ultimately, this outcry gained more traction than these entrepreneurs or perhaps even Zuckerman himself prefer to acknowledge. The lies and deception of many, if not most operators I believe these companies did much of the drilling and fracking and were responsible for much of the technology? Chesapeake had to get its hands on gas-producing wells as quickly as possible. It was surprising to learn that the oil giants were not the ones driving the search for natural gas, but rather a few visionary, ambitious, and well, greedy, wildcatters and the investors holding the purse strings. The shifts that have taken place in the United States, and those on the way around the globe, are in many ways not nearly as astonishing as the story of how a small group of individuals made it all happen, against all odds. It was a great book to start with. Details if other :. It is definitely a complex issue and I shall continue my exploration. The Frackers tells the story of the angry opposition unleashed by this revolution and explores just how dangerous fracking really is.