SLB is always on the hunt for new technologies to acquire. My point was that if GASFRAC had proven new technology then SLB would be an excellent candidate to buy GASFRAC and add it to SLB's broad line of well services allowing a maximum return to the drillers. I am concerned that GASFRAC is too vertical in their capabilities and therefore despite their excellent technology aren't competitive.
"Solicit" SLB? What are you talking about? SLB is a $125 billion company. What on earth would GFS be soliciting SLB for? A loan?
Contracts with BHP Billiton
Schlumberger’s broadband sequence hydraulic fracturing technique was used to increase operational efficiency in the Eagle Ford shale in South Texas. This enhanced normalized production by 22% for BHP Billiton Limited (BHP).
BHP discovers, acquires, develops, and markets natural resources worldwide. BHP also used Schlumberger’s drillable fracturing plug technology in its Eagle Ford shale rigs to eliminate non-productive time in well completion. Schlumberger estimates this technology will help BHP save $200,000 per event.
In the Permian Basin, Schlumberger’s logging services were deployed to increase average well production by lowering breakdown pressure and eliminating screenouts. A screenout refers to an excessive injection of fluid to fracture shales.
Does GASFRAC offer a broad enough solution for the drillers? GASFRAC should solicit SLB if the technology is the best !
I can't see how they could possibly disappoint this reporting quarter since last quarter was $7 million there is just no way you could do worst than $7 million a quarter in the fracking well completion business, most fracking companies accidentally make 7 million a quarter without even trying. If they do less than 7 this time around that would be seriously sad and pathetic.
Oh, boy. Really? I never knew that....NOT
Don't you think investors here, should know ALL the news? You think instant PPS gratification daily..right. Well most think far ahead of that, like all news pertaining to a company and it's competition. Get over your OLD NEWS stigma because it's getting OLD
Allsteel when someone LIKE MYSELF and this guy says old news we mean it's old news to the BIG BOYS, the investors that really count that actually move the stock, technically we the little investor don't really count when it comes to the news although we like to read the news it doesn't really matter to us cause we don't move the PPS. But it's old news to the people that hold millions and millions of shares. Those people get the news in seconds when it comes out no matter where it comes from that's why the BIG BOYS can react much faster than the little guys.
If was never posted on this site, how can it be old news to the readers. Please explain your views more clearly. You say they have no sales, please guide us with your DD on the sales situation......Waiting patiently
My computer technician said "because they do not want to pay people to monitor their boards they have a huge firewall system that is not accurate and is very buggy". I rarely use Yahoo now except for a couple tickers. Most internet trolls are on Yahoo because of it not being monitored.
Enfrac sold out at $12M... is this a joke?
Also: I would have thought that Gasfrac would have used LNG if they though the molecule was the best. Not sure that changing to LNG has any real advantage beyond the fact that it does not settle. But who cares if it settles or not? Gasfrac monitors if there is any gas in the area, and what comes up from downhole is NGL, NOT pure LNG. I don't see the significance and I think that is reflected in the acquisition price, but I could be wrong.
Millennium Stimulation Services Acquisition of ENFRAC.
ENFRAC is an energized or foam frac completion technology company that brings to
us a highly differentiating completion technology through the use of Liquefied Natural Gas
("LNG"). The team at ENFRAC has developed a streamlined and efficient method of pumping
LNG in energized or foam frac applications. Hydrocarbon fracturing has long been known to
create above average oil and gas reserves recovery. This is especially true when there is a
liquids rich gaseous combination creating a multiphase flow regime in the formation. LNG
brings these significant advantages into play without the hazards of handling propane and
other heavier than air natural gas liquids ("NGL's"). The Millennium team continues to stress
a high level of commitment to its health, safety and environmental responsibilities to all of
Wonder if these guys ended up with one of GF's sets that got sold?