This process is said to increas the EUR of a well due to the fact that the gel turns into gas and is removed from the well, rather than clogging the fracs like cermaics and sand...I bet the IRR on the Mississ keeps going up... We are at 130% now, is 150% possible?
Interview with GasFrac CEO
He said the United States market is improving for GasFrac.
“We are going back into the US. We have our US employees up here to train them. They need on the job training.
“In Canada and Europe you can do a sell on technical merit only, but in the US they like to watch over the fence. Our work for Sandridge (SD-NYSE) was super successful. That was gas play and it worked in a super tight reservoir. We showed we could get condensate when nobody else could. And now we have some Eagle Ford oil starting.
“They (American producers) got a taste test and now they’re lining up.”