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  • wtblanch5 wtblanch5 Oct 17, 2011 9:06 AM Flag

    Perry's plan

    Gasfrac, a small Canadian company, has successfully and cost effectively fracked a significant number of wells without the use of water. This June 2011 presentation gives an excellent overview:

    The company has proved itself and its methods in Canada, and has recently expanded into Texas in the drought challenged Eagle Ford Shale.

    The company is primarily challenged at the moment in acquiring, safety training, and expanding its workforce. It has significant growth plans and is executing well both as an investment and as a company addressing an important environmental need to society. In the process, we increase our energy independence (used to produce BOTH natural gas and oil) and create jobs. That’s a great combination in my book.

    Also, this company goes out of its way to hire veterans in Canada. I would expect it to do the same in the US.

    Seems like a no-brainer to me. As you will see in the presentation, their techniques also put the well in production much sooner without allowing a large amount of methane to escape. This is also a win-win ... environmentally and financially to the well owner. I believe we need to increase our "regulation" of the well cementing ... focus on solving that issue. An appropriate amount of regulation is important to prevent under capitalized companies from screwing things up for all of us.

    Stock was hurt in last 3-4 months due to general market but also because of weather in Canada where the ground thawed unusually early (and for an unusually long time) such that the heavy drilling trucks could not be used.

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