Since 2006, roughly 1,000 patents have been filed in the US relating to hydraulic fracturing, with 40% centred on technology, tools or processes aimed at creating or reinforcing fractures, according to Deloitte. The technology is being used by oil and gas companies around the world as a way of extracting natural gas.
Since 2006, roughly 1,000 patents have been filed in the US relating to hydraulic fracturing, with 40% centred on technology, tools or processes aimed at creating or reinforcing fractures, according to Deloitte. The study highlights the desire to reduce costs and improve efficiency in the industry.