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Permalink Reply by Philip Brutz on March 11, 2015 at 2:28pm

         

Chesapeake Energy testing waterless fracking at Ohio well

Mar 11, 2015, 1:18pm EDT Updated: Mar 11, 2015, 1:21pm EDT

 

Tom Knox

Reporter- Columbus Business First

Chesapeake Energy Corp. is partnering with GasFrac Energy Services Inc. to test waterless fracking at one of its Ohio oil wells.

The most-active driller in the Utica shale play is in the early stages of the test on a Tuscarawas County well, the company confirmed.

"One of our partners (EV Energy Partners) attempted to use the technology," said Chris Doyle, executive vice president of operations for Chesapeake's northern division. "We're using that technology and we want to test that out and see if it could drive additional value."

See Also

• Chesapeake Energy sees ‘the greatest potential’ in Ohio Utica shale

GasFrac (OTCPK:GSFVF), based in Calgary, Alberta, made waves late last year when it started testing its first waterless fracking well, also in Tuscarawas County. It partnered on that well with EV Energy (NYSE:EVEP), whose CEO Mike Mercer said this month the test well was fracked with liquid butane and mineral oil.

Waterless fracking is appealing because of concerns about the large amounts of water used in the hydraulic fracturing process, which involves injecting fluid, including water, into cracks in shale formations to release gas or oil. A cost- and operational-effective alternative could help remedy one of the industry's major environmental concerns.

Doyle cautioned that the test is in the very early stages, so it's unclear yet if it's something the company would use going forward. Nonetheless, it's a potential plus for the future of waterless fracking and the company whose technology is seen as the best chance yet to crack the issue.

With oil prices more than half of what they were a year ago, don't expect any quick successes for waterless fracking or Ohio oil drilling in general.

Chesapeake, (NYSE:CHK) the No. 2 natural gas driller in the U.S., says Utica's oil window provides some value, but it's long-term. There is no rush. Nonetheless, it is optimistic.

"No other company has the chance to make the oil window work," Doyle told me

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Permalink Reply by james david lamm on March 21, 2015 at 4:04am

I was incorrect  about Halliburton buying gasfrac. it was a company out of Canada called step energy services. no word on weather the stock will be good or canceled.

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Permalink Reply by Joseph-Ohio on March 22, 2015 at 7:36am

Thanks jdl.

Went to their Home Page on the web.

They have a little info. there.

I read they're into Nitrogen fracturing in Western Canada.

Maybe now (that they bought out Gasfrac) they'll also get involved with Butane Fracturing and perhaps in the USA as well ?

Going to try and keep an eye on this outfit.

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Permalink Reply by james david lamm on April 4, 2015 at 10:59am

talked to 2  workers yesterday dealing with Parker well frack for chk almost finished and said it is looking real good.gasfrack is doing the frack.

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Permalink Reply by Joseph-Ohio on April 4, 2015 at 12:00pm

You wrote that a company named 'gasfrack' is doing the 'frack'.

Is that a new company or a typo. ?

Keep us informed jdl.

Thanks.

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Permalink Reply by james david lamm on April 4, 2015 at 12:26pm

spelled it wrong Joe same co but bought out by step energy.I have ben buying gsfvf stock for less than a penny lately to recover purchases in the past for almost a dollar. don't know what may happen but aledegedly, chk has lots of work for them in Utica oil window. we shall see.did you ever see Utica oil? it looks like a glass of lauger beer.excuse my spelling please.the only thing interesting about the stock symbol is there is no Q behind the letters like most bankrupt companys have.

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Permalink Reply by Joseph-Ohio on April 4, 2015 at 1:30pm

I think I've seen it (Utica Oil) at a couple of well head sites near roads I travel regularly but can't confirm it myself.  It appears to be floating on top of what appears to be 'black oil' at the bottom of a couple of those white plastic (milk colored almost transparent tanks).

Maybe you or other readers can confirm it's what I think it is ?

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Permalink Reply by james david lamm on April 8, 2015 at 11:18pm

well, news from gasfrack reads there will be no compensation to common shareholders. the stock is nothing more than a trade now. also there were no new permits issued last week in the ohio Utica play. things appear to be getting ugly.

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Permalink Reply by bo boboski on April 8, 2015 at 11:44pm

The towellheads did it to us again, this time they didn't have to blow up skyscrapers!

Permalink Reply by Joseph-Ohio on April 9, 2015 at 12:26am

We've all seen it uglier.

Chin up.

Let's do a rain dance.

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