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.
What is Fracking? âFrackingâ is short for hydraulic fracturing, or hydrofracking. It is the process of injecting frack fluid, a mixture of water, sand and chemicals, at high pressure into shale to fracture the rock, thereby releasing trapped natural gas. Marcellus shale is a layer of black rock that lies 3,500-8,000 feet below the surface and is the current target of fracking. Most of West Virginia is underlain with this shale; in West Virginia the vertical depth of the formation itself is approximately 150 feet. The formation also extends into Pennsylvania, New York, Ohio, and Virginia. Fluid recovered from the well after the fracking is completed is called flowback fluid or waste water.