DNV GL Calls for Industry Collaboration to Quantify Fracking Risk
DNV GL has launched a joint industry project to address concerns about fracking risks â€” particularly related to groundwater contamination â€” and invites industry and other stakeholders to participate.
The aim is to collect data, develop and validate quantitative risk assessment methodologies and outline risk management strategies that can be widely accepted by all relevant parties.
The shale industry encompasses a number of companies, so aggregated, quantifiable fracking related data is hard to come by. This makes it more difficult for various stakeholders to assess fracking risk at various well depths, geological formations, and mixes of fracking solution components. Risks are mitigated by utilizing various well design barriers that are intended to protect groundwater resources.
DNV GL wants to bring together key stakeholders from all over the world: operators, service companies, academics, financiers, regulators and other interested parties. The objective is to collect and analyze shale gas fracking related data, apply statistical methodologies and then define quantitative measures of fracking risk to both horizontal and vertical portions of a well.
American Water Works is in talks about providing more services to fracking companies, Bloomberg reported earlier this month.
The news agency says the water utilityâ€™s CEO Susan Story is in discussions with energy producers about treating and reusing frack water that would otherwise be disposed of.
Energy Manager News
- Driving Energy Efficiency by Improving the Owner/Tenant Relationship
- Case Study: Fast Payback in New York City
- $8M Project to Upgrade Chillicothe (OH) Correctional Institute
- Three Trends Align to Save Buildings Millions in Energy Costs
- Law Bars Energy Providers from Charging Early Termination Fees in the Event of Death
- Corporations Spend Big on Ballot Initiatives, Crushing Ratepayer Opposition
- Texas Retailer Offers Instant Rebate for Rooftop Solar, Offers High Credits for Excess Solar
- Local, State and the Federal Government Excel at Energy Efficiency