This article provides an overview of the state of the art in hydraulic fracturing, a controversial topic of the last decade. To Frack or not to Frack, That is the Question [1]; this question was posed at a meeting of the Western Regional Society of Petroleum Engineers. The fact is, we have witnessed an intense debate over hydraulic fracturing’s economic benefits and its ill effects (perceived or real) during the past decade. Many, in particular those in the fossil energy industry, consider shale oil / gas, with the associated horizontal drilling and hydraulic fracturing, as one of the major developments in the oil and gas industry of the past two decades. Others, especially many environmentalists, consider fracking proponents as public enemy number one. Different sections of this paper attempt to highlight different scientific facts about hydraulic fracturing, the common-sense environmental concerns, and the respective economic ramifications. After a brief overview of the principals of hydraulic fracturing in section 1, we discuss the importance of hydraulic fracturing in section 2. This is followed by fracture characterization (section 3) and geomechanics (section 4). These sections examine natural fractures in the subsurface and how one can characterize them, how hydraulic fracturing helps to expand the natural fractures and/ or create new (stimulated) fractures, and the underlining rock mechanics properties and related stress regime. Section 5 addresses different environmental concerns about hydraulic fracturing. These include potential ground water contamination, amount of water used for hydraulic fracturing, the water disposal process, and methane emission concerns. Another environmental concern is induced seismicity or man-made earthquakes. Given the much publicized controversy on whether and to what extent hydraulic fracturing creates, section 6 is dedicated to covering this issue. Section 7 includes a case history from California, highlighting many of the topics discussed in other sections. The key message of this article is the best way to answer the question with which we began, namely to frack or not to frack, lies with science; the hope is, with sound scientific and engineering investigation, truth will prevail-- “ veritas omnia vincit .”