If you have two people working for your company and know you will work a total of 4,000 hours annually, you can divide your total overhead expenses by 4,000 and add that figure to each job hour you bid.
Hydraulic fracturing is a process used in nine out of 10 natural gas wells in the United States, where millions of gallons of water, sand and chemicals are pumped underground to break apart the rock and release the gas.ydraulic fracturing is a process used in nine out of 10 natural gas wells in the United States, where millions of gallons of water, sand and chemicals are pumped underground to break apart the rock and release the gas.
DEFINITION of 'Fracking'. A slang term for hydraulic fracturing. Fracking refers to the procedure of creating fractures in rocks and rock formations by injecting fluid into cracks to force them further open.The larger fissures allow more oil and gas to flow out of the formation and into the wellbore, from where it can be extracted.Fracking has resulted in many oil and gas wells attaining a state of economic viability, due to the level of extraction that can be reached.he larger fissures allow more oil and gas to flow out of the formation and into the wellbore, from where it can be extracted. Fracking has resulted in many oil and gas wells attaining a state of economic viability, due to the level of extraction that can be reached.