GASFRAC Energy Services, Inc. Message Board
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quicksilver CC: BIG praise for Gasfrac
more from the Q&A:
They repeated again that they had great results with the vertical/horizontal wells; they mention 40% IRR on $85 WTI with those wells.
Listening to that call, I assure you that anyone with acreage around Quicksilver in the Niobrara will be looking at doing an LPG frac.
Regards,
Nawar-
from CC: biggest players around the Quicksilver acreage: Shell, Continental Resources and Armamex?. Shell is the biggest.
Shell is our client as well, if we Gasfrac was to secure a contract with Shell in this basin, the stock will react very favourably.
Regards,
Nawar- 2 Replies to nawaralsaadi
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Hey Nawar, sorry to change the subject but you wrote:
They did three wells with the company (two verticals and one horizontal).
Excuse my ignorance but I thought horizontal was the best method for drilling why do they continue with vertical drilling? thanks -
I sold Gasfrac last year in the $12's after buying around $7-$8ish.
Haliburton and Schlumbrege refuse to use them which might present a problem.
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wow a 40% IRR that is off the charts.
i wonder what the IRR is for conventional fracks? i would bet significantly less
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