What The ‘Frac’ Are The Oil Companies Doing To Our Drinking Water? (What You Should Know About Natural Gas)

Hydraulic fracturing, or “Fracing.” Is it a safe and affordable alternative to other energy options? Or does it represent an unacceptable danger to ground water and air quality?

Rick Gross, Managing Director and Senior Energy Analyst in Equities Research at Barclay’s Capital, will address this question in his presentation on Sunday, November 13, 2011 at 11 a.m. at Wyoming Presbyterian Church, 432 Wyoming Avenue, Millburn, NJ. The lecture will be held after worship, downstairs in fellowship hall. All are welcome, admission is free.

Rick is a congregant at Wyoming Presbyterian. For the last 20 years he has been at Lehman Brothers, now Barclay’s Capital, covering natural gas infrastructure stocks and the Master Limited Partnership sector. Fracking is the process of initiating and subsequently propagating a fracture in a rock layer, by means of a pressurized fluid, in order to release petroleum, natural gas, coal seam gas, or other substances for extraction.

  As part of the research he does in conjunction with his job, Rick interacts with all the main participants involved in performing a frac job at a well site.  He is in constant contact with all of the key exploration and production companies that are deploying the technique to extract oil and gas from areas like the Marcellus shale in Pennsylvania and New York. In his lecture he will explain the process of “fracing,” highlighting the issues most landowners or homeowners would be concerned about.