the more horizontal fracking and drilling we have the more problems the more waste water the more injectede ground we're doing and it's opening fault lines that aren't open at the moment. >> in a prepared statement xto the company that owns this disposal well told "techknow" based on an analysis of the data to date, xl does not believe its well caused any of the seismic events. it's a sensitive issue. when the mayor took us to the area, a driver began taking pictures of us on a cell phone. residents of reno and azel are taking action. >> the quake started recently and it woke me up. i thought a 747 landed on my roof. >> at a round of hearings at the texas state capital, citizens voiced their complaints, the railroad is a state agency that regulates the gas and oil industry including drilling and disposal wells located throughout the state. >> how would you like it where you would have your grand kids play over in your yard if they fall in a sinkhole, they'll break their leg. >> in response to pressure the rrc has imposed a regulation that would require the oil and gas companies to research

no signs of decline yet because again, horizontal fracking pad railing, all this is improving productivityastal controls as well as strong growths and frankly, a good thing these companies are going to grow at a good clip. the prices we just had is taking a lot of investment out of the projects. you're going to need to shell back. these companies are not worth all that much. i think it's a fair discussion. >> some people betting on american ingenuity for sure. thanks for your time. we'll see you next time. >> thank you. >> 69.13, pushing $70. the future of live streaming video periscope making waves and attacks in social media worlds. the ceo of periscope will be joining live. dow down 85 here on squawk on the street. i mean, come on. national gives me the control to choose any car in the aisle i want. i could choose you... or i could choose her if i like her more. and i do. oh, the silent treatment. real mature. so you wanna get out of here? go national. go like a pro. over 20 million kids everyday in our country lack access to healthy food. for the first time american kids are slated to

horizontal drilling and fracking unlock all the oil and gas.ost: is a generally accepted -- not so much by the oil community, but resistance by the environmental committee? guest: the debate about fracking has appeared in my the debate about climate change. also, communities in pennsylvania, texas, colorado, wyoming, elsewhere that are concerned about the potential drinking water impact of fracking. host:k ken is on our independent line, go ahead. caller: i would like to ask if the wall street journal has an editorial policy regarding climate change and if they do, if they believe it to be real as i do and most people do, do they offer a solution to the problem? guest: as a member of the new section, i do not have any say whatsoever over that editorial opinions of our newspaper. i do not see them until they come out in the paper. i will have to do for you to our editorial editor. -- defer. host: is this where it stands for the obama administration or do you see further offshore drilling or new drilling being permitted? host: -- guest: in januar

horizontal drilling and fracking unlock all the oil and gas. host: is a generally accepted -- not so much by the oil community, but resistance by the environmental committee? guest: the debate about fracking has appeared in my the debate about climate change. also, communities in pennsylvania, texas, colorado, wyoming, elsewhere that are concerned about the potential drinking water impact of fracking. host:k ken is on our independent line, go ahead. caller: i would like to ask if the wall street journal has an editorial policy regarding climate change and if they do, if they believe it to be real as i do and most people do, do they offer a solution to the problem? guest: as a member of the new section, i do not have any say whatsoever over that editorial opinions of our newspaper. i do not see them until they come out in the paper. i will have to do for you to our editorial editor. -- defer. host: is this where it stands for the obama administration or do you see further offshore drilling or new drilling being permitted? host: -- guest: in janu

horizontally. when i think about oil wells which you don't add compressors. the re-frack potential, i don't think will work. the other aspect is in terms of capital, the gas producer physically took a dollar and said i will spend $.70 of it in oil but put another $.20 in gas and not tell you. what we are looking at now is that you don't have capital for gas producer and you don't have it for the oil producer. there is nowhere left to turn. it goes back to the original point -- what is the shape of the u.s. curve? second and third quarters will probably be troughs for u.s. oil supply. in the fourth quarter, we will see. you see the decline rate mathematically defined. it should take less money to maintain your volume. the biggest change is my ability to outspend my cash flow. that is a much bigger shift. if i cannot spend 150% of my cash flow, i cannot deliver the growth i have had. i think we will see a single digit growth weight within cash flows in 2016. you can describe that how you will. it is certainly a lot different than the experience of the last five years. a que

his company at a very, i guess, right before the takeout but a very late stage of the horizontal application of fracking, they sort of implied to me this would not work. i was too young to realize that every company says that. >> right. >> so i went for quite some time going, wow okay, guys, this stuff out here outside of wise and denton county, it's for the going to work. that cost me a couple of very, very good companies and ideas along the way. but i came around finally and in 2005 fayetteville, what was interesting about the barnett shale was supposed to have unique characteristics that could not be replicated and as it so happened in fayetteville they drove two wells and stock went up and that could not be replicated. what got me in touch with terry, appalaicha as a land mass was multitudes bigger than the fayetteville or the barnett and today for very different reasons it has a very unique place in the u.s. as an exporter of gas, as an exporter product. and it's a very exciting place to be. so, anyway, i went to the father of fracking, you know -- >> you need a new title? >> -- to understand the b

and his company at i guess right beforebefore the take-up at a very early stage of horizontal application of fracking, they sort of implied to me this would not work outside other acreage. i was too young to realize every company says that. silent for quite some time going, while not okay guys this stuff outside here is just not going to work. that cost a couple of very, very good companies and ideas along the way. but i came around finally pick in 2005, was interesting about the fayetteville show from the barnabas with have unique characteristics that could not be replicated. as it so happened in the fayetteville they drove to wells, stock went up and those could not be replicated or what was exciting and got me involved with terry, population as a landmass was multitudes bigger than the fayetteville or the barnett and today for very different reasons it has a very unique place in the u.s. as an exporter of gas come as an exporter product as a net exporter. i think from a stockpicking perspective and very exciting place to be. so anyway, i went to the father of fracking, you know -- >> who needs a n

after seeing george and his company in the very early stage of the horizontal application of fracking, they sort of implied to me this would not work outside of their agency. i was too young to realize every company says that. [laughter] mr. chandra: so, i went for some time going guys, this is just not going to work. and this cost me a couple of very, very good companies. and ideas along the way. 2005 as we were talking -- what was interesting the fayetteville shale, the barnett was supposed to have unique characteristics that could not be replicated. as it happened in fayetteville they drilled two wells and those could not be replicated. what was exciting and got me involved with terry, appalachia as a landmass was multitude bigger than the fayetteville or the barnett, and today, for very different reasons, it has a very unique position in the u.s. as an exporter of gas and oil products, as a net exporter. it's a very exciting place to be. so, i went to the father of fracking -- ms. quarterman: he needs a new title. mr. chandra: i believe it was chesapeake energy that bought a new p