The fall in oil prices at the end of last year combined with pressure from investors has led to a slowdown in the U.S. shale industry.
Climate change is a popular topic in the U.S. right now and has been in the spotlight for the last few years, especially with the increasing volume of drilling and fracking production and the effect on our environment. Drilling and fracking operations normally can begin very quickly after evaluations, however this week in Wyoming drilling activities were blocked completely. This past Wednesday March 20, 2019 a judge blocked oil and gas drilling across 500 square miles in Wyoming, insisting that the U.S. government must consider the climate change impacts before leasing large areas of public land for drilling exploration.
The Shale Crescent is located in the Ohio Valley and is the epicenter of the Marcellus and Utica Shale play. The natural resources make the region a potential economic powerhouse.