ca7 it seems that he is over qualified for the job which would lead me to believe that at some point they are going to Mr. Gannon's experience in M&A to work. I am sure Lorentzen is unhappy with the performance of the company and has some plans over the next couple of years. I am holding tight and plan on this being a long term hold which will probably be bought out with in a couple years.
I posted 3 parts to that article but I do not see them. If you want me to re post the other 2 parts let me know.
For hydraulic fracturing engineers, a big problem on the job site is pump failure. Fracking currently requires multiple high-pressure pumps forcing a mixture of water, proppants and chemicals downhole to fracture the rock. Until now, the industry has been using reciprocating, positive displacement plunger pumps because it has been the only technology that has been rugged enough to process the high velocity, abrasive frack fluid.
Energy Recovery Inc., a pump provider, got its start in the water desalination industry and developed the company’s Cadillac piece of technology, the Pressure Exchanger. In 2008, Energy Recovery began to research markets in which its industrial fluid-flow applications could be prevalent and decided to target the oil and gas industry. Joel Gay, president CEO of Energy Recovery, says the company saw an opportunity for its technology to act as a pump where there was existing hydraulic energy that was being wasted at well sites.
“What we did was invent a solution exchanger that would replace the traditional hydraulic manifold, or missile,” says Gay. “Harnessing pressure energy the way we have in our other technologies, our solution ratchets frack fluid up to the required treating pressure, as high as 15,000 psi, without requiring the high-pressure water pumps to handle sand. This prevents the regular occurrence of pump failure, and has several immediate and profound impacts for operations, not the least of which is a dramatic reduction in maintenance.”
Roughly 18 months ago, Energy Recovery’s engineers conceptualized the VorTeq hydraulic pumping system that could use the company’s Pressure Exchanger to re-route abrasive proppants away from high-pressure pumps to ensure only pure water touches the pumps, expanding pump life spans.