GE Pushes Fracking Research With Lab in Bet on Shale Gas

Posted by Bloomberg: Tim Catts on April 3rd, 2013
Bloomberg: General Electric Co. (GE) will spend $110 million on a research lab in Oklahoma City to study ways to improve extraction of hard-to-reach oil and gas deposits, including hydraulic fracturing and horizontal drilling. The facility will hire as many as 125 engineers and scientists in the coming months and will eventually expand its research to more conventional drilling techniques, Chief Technology Officer Mark Little said in a telephone interview. Oil and gas is GE’s fastest-growing segment,......

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