Granted, the Fed works at a snails pace, but States can act independently. What if CO banned water in hydraulic fracing? Where does that put alternative methods?
...against water based hydraulic fracing.
From the LA Times today, by Neela Banerjee - Title and first few lines:
Hormone-disrupting chemicals found in water at fracking sites
A study of hydraulic fracturing sites in Colorado finds substances that have been linked to infertility, birth defects and cancer.
Water samples collected at Colorado sites where hydraulic fracturing was used to extract natural gas show the presence of chemicals that have been linked to infertility, birth defects and cancer, scientists reported Monday.
The study, published in the journal Endocrinology, also found elevated levels of the hormone-disrupting chemicals in the Colorado River, where wastewater released during accidental spills at nearby wells could wind up.
30% of American adults read at a 10th grade level or higher.
simpleton is one of the 70%.
It lives a parasitic life and seeks validation of existence on message boards.
It does not have the ability for complex thought, that is why it demands proof and explanation.
It doesn't have any rational thought on financials, markets or trends.
It doesn't deserve my time and attention, so I ignore it.
Lance, based on some of your past responses it appears you may be a geologist.
What percentage of formations can benefit from LPG where H2O may be detrimental? This type formation (chaulky) can't be limited to just the Eagle Ford. Any factual basis, or wild guesses?
An open question to the board...
I don't have any expectations of GSF being the biggest, but they certainly be the best choice in certain situations. Time to get some contracts and traction in the market. The pps will follow.
This probably ties back to the post I made on 10/31.
This successful use of hydrocarbon-based fracturing fluids represents a significant advancement in the development of the Eagle Ford Shale in the "black oil" window, which is defined by low gas-oil ratios found in the northern extension of the formation. Previous attempts, by other industry participants to develop commercial production in the black oil window of the Eagle Ford Shale, were made using high volume water-based fracturing fluids. This technique has generally not been commercially successful, despite the formation's rock properties and hydrocarbon content, because the formation's shallow depth and lower reservoir pressure make it difficult to recover and unload the large volumes of water used. Testing results to date indicate excellent formation productivity and there is no evidence that water resides within the formation.
BBTLP has now logged over 150 feet of Lower Eagle Ford Shale in each of two wells including the previously announced Chittim 1-H well and has established commercial hydrocarbon production in two wells including the previously announced successful re-entry of the Chittim F-1H well. BBTLP now has three strong data sets ranging over 10 miles that exhibit similar petrophysical and hydrocarbon characteristics associated with some of the most productive regions within the Eagle Ford area of South Texas . These data sets will assist BBTLP in advancing the future exploration and development of the Eagle Ford Shale potential on its Maverick County Project.
Dave Gibbs , the Company's Chief Executive Officer commented: "We are very pleased with the results of the Chittim Heirs 2-H well to-date. Such results, together with the successful re-entry of the Chittim F-1H well, demonstrate we can successfully develop oil production from the Eagle Ford formation on the Maverick County Project. This creates a significant new opportunity for the Company."
... no one is around to hear it, does it make a sound?
If an idiot posts a comment and no one responds, are they heard?
Your thought for the day.
rtw, time for you to sell. You're too invested - emotionally. Do yourself a favor and pull the plug if you think the patient is terminal.
It amazes me that individuals claiming no vested interest in a company would spend time trashing the company and it's management. It makes no sense, but I suppose there is no sense to insanity (or stupidity).
I will guarantee that GSF has tougher operating procedures, environmental controls, and safety controls than all other companies due to the nature of the liquid used.
So, you're saying they shouldn't have been a part of this consortium? How smart would that be? "Gee Jacque, that Gasfrac is a Canadian company that doesn't even care about keeping their own country clean, eh. "
Technically, they are a hydraulic frac company, just not water - LPG. What I find interesting is: what do they do if someone breaks the code? This sets them up for consequences.
Google - rrc oil & gas docket 01-0284502,
October 4, 2013 - The Application of Blackbrush Oil & Gas, LLC to Amend the Field Rules
Amend the correlative interval for the field from 3,406 - 4,000 feet to 3,300 - 4,000 feet.
Page 2, paragraph 3.
"San Miguel B sand are sensitive to water and swell."
"require gas fracs to economically produce the wells"
Page 3, 5.
"The shales are so sensitive to water that the water in the cement will react and swell causing reduced production. The wells require uncemented liners to be placed within the San Miguel B with outside packers and require gas fracs to economically produce the wells."
An acquisition premium over market would be small in comparison to the potential return as a successful going concern.