The GasFrac Earnings Call

The GasFrac earnings call had a lot of interesting info.  For one, they have significantly cut their costs and are closer in costs to other techniques. 

And this quote may be of interest to out friens in the western Utica where the secret to oil extraction has yet to be deciphered;

A significant event in the quarter is that we completed a fracture or a terrace in the oil window on the Northwest section of the Eagleford that’s a relatively low pressured shallow section where economic success of alternative fracturing techniques hadn’t been viable and terrace is able to get commercial production in their well with our service.

I believe in that quote the Terrace is an E & P company but was not capitalized by the automated transcription service.

http://seekingalpha.com/article/2087823-gasfrac-energy-services-ceo...

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Permalink Reply by TM on March 21, 2014 at 12:29pm
GasFrac has already been used in the Utica. I do not know if it has helped production volumes or not. Been very little information published about using carbon dioxide foam in wells. Chesapeake has used this frack technique on a well they had in Portage County back in 2012.

I believe other drillers have used this company as well in the past. Guess we will have to wait and see if it will become a proven completion technique in the future. Baker Hughes has a service called VaporFrac as well that is pretty much waterless fracking.

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