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“A lively, exciting, and definitely thought-provoking book.” —Booklist
Things looked grim for American energy in 2006, but a handful of wildcatters were determined to tap massive deposits of oil and gas that giants like Exxon and Chevron had ignored. They risked everything on a new process called fracking. Within a few years, they solved America’s dependence on imported energy, triggered a global environmental controversy, and made and lost astonishing fortunes.
No one understands the frackers—their ambitions, personalities, and foibles—better than Wall Street Journal reporter Gregory Zuckerman. His exclusive access drives this dramatic narrative, which stretches from North Dakota to Texas to Wall Street.
- Sales Rank: #150102 in eBooks
- Published on: 2013-11-05
- Released on: 2013-11-05
- Format: Kindle eBook
From Booklist
Fans of the lively, character-driven nonfiction of writers like Kurt Eichenwald and Ben Mezrich should welcome this book with open arms. It’s a potentially dry story: a bunch of guys try to make a lot of money by hammering subterranean rock formations (shale, mostly) with liquid, breaking them up, allowing the trapped-in natural gas to come to the surface. This is hydraulic fracturing, otherwise known as fracking, and, in Zuckerman’s hands, the topic generates a surprisingly entertaining story about Big Men with Big Ideas, the highly competitive (and, in some cases, increasingly desperate) search for a new and potentially highly profitable source of energy. Zuckerman also explores the often passionate and outspoken opposition to the drilling procedure (for some, fracking doesn’t just sound like a dirty word; it is one), although he doesn’t come down on one side or the other. He shows us the beneficial side of fracking and the potentially environmentally disastrous side, and lets us find our own ground to stand on. A lively, exciting, and definitely thought-provoking book. --David Pitt
Review
Praise for The Frackers
"Zuckerman’s fast-paced, densely interesting The Frackers is the first book to tell the stories of the obstinate, ravenous, methodical, sometimes rascally oil executives of the recent boom. By focusing on people instead of trends, it gets to the heart of why the United States is once again the largest supplier of oil and gas in the world."
—The New Republic
“The Frackers, [Zuckerman’s] second book, is told with care and precision and a deep understanding of finance and corporate politics as well as oil and geology.”
— Bryan Burrough, The New York Times
“Fans of the lively, character-driven nonfiction of writers like Kurt Eichenwald and Ben Mezrich should welcome this book with open arms . . . A lively, exciting, and definitely thought-provoking book”
—Booklist
“A fascinating study of American entrepreneurial culture and the modern robber barons who succeeded in creating an energy revolution.”
—Kirkus
“Lovers of business and capitalism will appreciate The Frackers, … Zuckerman has done valuable and timely reporting on the men and independent companies that created the shale boom.”
—Associated Press
“Colorful …compelling account [of] a revolution driven by stubborn entrepreneurs.”
—Reuters
“An interesting and first-rate narrative… a dramatic tale… The book may be the definitive story of the innovative men behind the most significant energy discovery of our time.”
—Akron Beacon Journal
"Insightful...At times suspenseful...on-target in telling the tale of a group of wildcatters who risked almost everything and helped launch the United States on the path to energy independence."
— Natural Gas Intelligence
“Too little attention has been paid to one of America's biggest economic and scientific revolution of recent decades: the tapping of abundant oil and natural gas reserves within our own borders using a technique called fracking. Wall Street Journal reporter Zuckerman…sets out to change that with his unique talent of translating complex aspects of finances and geology into prose that reads like a blockbuster thriller.”
—Publishers Weekly (starred)
“Zuckerman details [the frackers’s] epic adventure with skill that makes it required reading for anyone looking to understand fundamental forces at work in our world today.”
—Forbes “Best Books of 2013”
"A dynamic narrative... introduces us to the major players behind a boom."
—San Antonio Express-News
“Greg Zuckerman tells the remarkable story of the larger than life entrepreneurs and deal makers behind this energy-industrial revolution. A great read, whether you are pro-fracking or against it.”
—Matthew Bishop, US Business Editor at The Economist
“If you are looking for the present-day take on a romantic rag-to-riches drama reminiscent of the Gilded Age, engaging tales of brave entrepreneurs whose desire to get really wealthy helped them persevere and prosper come boom or bust, look no further than The Frackers."
–Pittsburgh Post Gazette
“Gregory Zuckerman tells the story of the shale revolution well. He has an eye for detail and a flair for narrative that makes it highly readable... This is a story of innovation as perspiration… It is a reminder that innovation is neither easy nor cheap nor inevitable”
—The Times (UK)
"Greg Zuckerman's The Frackers will long be considered 'The Bible' on fracking and the history of drilling in the US and the wildcatting billionaires who were the main players. This incredibly thorough book explains, thrills, and has us on the edge of our seats all the way towards US energy independence."
—James Altucher, best-selling author, entrepreneur and blogger
Praise for The Greatest Trade Ever
“ Simply terrific. Easily the best of the post-crash financial books.”
—Malcolm Gladwell
“ Mr. Zuckerman is a first-rate reporter who is also able to explain the complexities of real estate finance in layman’s terms. At times, The Greatest Trade Ever reads like a thriller.”
—The New York Times
“ He’s written the definitive account of a strange and wonderful subplot of the financial crisis.”
—Michael Lewis
“ Possibly the greatest book to come out of the financial crisis of 2007–08, and it’s certainly up there in the top 3.”
—Bnet.com
About the Author
Gregory Zuckerman is a special writer at the "Wall Street Journal" and the bestselling author of "The Greatest Trade Ever". He is a two-time winner of the Gerald Loeb Award and a winner of the New York Press Club Journalism Award. He lives in New York.
Lloyd James (a.k.a. Sean Pratt) has been narrating since 1996 and has recorded over six hundred audiobooks. He is a seven-time winner of the AudioFile Earphones Award and has twice been a finalist for the prestigious Audie Award. His critically acclaimed performances include Elvis in the Morning by William F. Buckley Jr. and Searching for Bobby Fischer by Fred Waitzkin, among others.
Most helpful customer reviews
53 of 54 people found the following review helpful.
Remarkably detailed yet thoroughly readable
By david m feinman
I had no idea "fracking" had its origins in the nineteenth century or that "moonlighting" came from the early practice of the clandestine use of explosives for drilling set off at night. More importantly to anyone who wants to understand the positives (cheap energy & domestic jobs) and the negatives (possible pollution & environmental risks) is the balanced way Greg Zuckerman explores the history, pros & cons of what is arguably the most important economic issue of the next ten years. He does a great job of profiling the early wildcatters looking for a new way to release energy from the bowels of the earth, capturing the romance and swashbuckling personalities of some of these larger than life characters. At the same time he understands and illustrates the financial side and implications of the actions taken by these companies as they morphed from tiny E&P outfits to energy behemoths risking billions of investor dollars. My favorite sections deal with Aubrey McClendon and the story of Chesapeake Energy and Charif Souki the founder of Cheniere Energy who has the audacity to conceive of the United States as an EXPORTER of natural gas and energy to the world a few short years after politicians and pundits decried American dependence on foreign energy imports.
It's a remarkable story told remarkably well. If you want to understand energy dynamics going forward in the 21st century, this is an incredibly useful guidebook.
38 of 40 people found the following review helpful.
Live from the Permian Basin
By Pendejo Grande
Because I live in an oilfield community and because I don't rely on the oilfield to put food on the table, I found this book extremely interesting. I'm an educator who has at times supplemented my income by working summers and weekends in the oilfield. Since I had to have a Commercial Drivers Licence to drive a bus as a part of my real job, it wasn't much of a stretch to get a tractor/trailer and tanker endorsement and haul water into and out of the oilfield. I've even hauled water to frac jobs. I've hauled water away from frac jobs. Thankfully I wasn't around much during frac jobs as they are incredibly noisy. This gives me a little different perspective maybe than the avg reader.
I've heard of Chesapeake and Sandridge. Actually know some people who work for them. It was incredibly interesting to learn how those two companies came in to being. Judging from the book I'd say that Awbrey McClendon and Tom Ward are borderline crooked, but my limited experience in the oilfield tells me that that's pretty normal behavior at the top of the ladder. There couldn't be as many crooked people at the bottom of the ladder if it didn't get a little crooked as you went up. I've heard of EOG and XTO and Devon. I know some people who work for them as well, so it was interesting to see how they fit into the picture.
I would've liked to have been a fly on the wall when Harold Hamm met with Obama in the WH. I'd like to think that Obama wouldn't have the gall to tell Hamm, "You didn't build that." but I'd proably be wrong. Oil and Water to the extreme.
My only complaint about the book is that I think it's very difficult for east coast writers to fully understand Texas and Oklahoma culture. Zuckerman missed a few details that I caught, I'm sure there's more. He talks about a manager at Chevron being different from all the rest of the managers because he was an outsider. The guy in question started at Gulf which was acquired by Chevron in about '82 or so. That's like calling someone who was born in Alaska in '57 an outsider. Also, he referred to West Texas Intermediate as West Texas International. Kind of a glaring mistake for one of the world's two benchmark crudes. I coached across town from MOJO during the year that Buzz Bissinger spent in Odessa when he wrote "Friday Night Lights". I actually chatted him up at a New Year's eve party that year. For the most part, he got it all right. The book was factual. But he never really understood the culture of the community of Odessa. And because of that I feel like he misrepresented the community to a nationwide audience. The movie based on the book was a bad carricature. Based on the two errors noted above, I'm guessing that Zuckerman's book is pretty damned factual, but I have some doubts as to whether he can truly have the cultural understanding that it takes to completely close the deal. He may be misrepresenting the top end of the oil patch to his nationwide audience somewhat.
28 of 33 people found the following review helpful.
This book is funny, entertaining & detailed - basically another amazing book from Zuckerman.
By M. Pomada
Much like 'The Greatest Trade Ever', this book is about bucking the odds, high risk/high return, near misses & making amazing breakthroughs. It's much more about the unique entrepreneurial people involved than it is about the science behind a process that is leading the US back to energy production self-sufficiency. The author is unparalleled at exploring these characters while weaving together the details of a very disparate, but wildly entertaining story about a group of people who essentially changed the world. One aspect I really enjoyed was the humor. There are laugh-out-loud moments in the book within the details of these compelling, quirky people. Hilarious. It keeps you hooked on the characters & is very compelling to read.
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