The plunge despite assessed quantities of shale re-sources. Believe it or not America has been fracking oil wells since right around the time of the Civil War. Environmental Impact Of Hydraulic Fracturing In The United States Wikipedia As Post Carbon Institutes Shale Reality Check summarizes Extraction from individual wells falls 70-90 in the first three years and field declines. Shale oil fracking . That said modern oil well fracking didnt start taking shape until the 1940s and it wasnt. Small particles usually sand are pumped into the fractures to keep them open when the. Extracting the oil costs roughly 1 million for each well. One of the things that had the oil industry worried about a Biden administration was his opposition to fracking and his promise to ban it on federal lands on his first day in office. SMILEY Texas Reuters - At a dusty drilling site east of San Antonio shale producer EOG Resources Inc recently completed its latest well using a new technology develo...