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Vitesse Semiconductor Corp. Message Board

tequipsemi 6 posts  |  Last Activity: Dec 9, 2014 1:34 PM Member since: Oct 26, 2000
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  • Its clear from the EVEP webcast with Wells Fargo energy symposium that GASFRAC should be marketing to the MLP's. They want to drive every % of margin they can get.

    Interesting statement that they want to use the GASFRAC technology in order to reduce the "potential" for well damage that may be caused when using a water based frac. in the UTICA

    Sentiment: Buy

  • tequipsemi by tequipsemi Nov 14, 2014 12:57 PM Flag

    The conference call demonstrated a lack of experience in managing perceptions of the investor community during new technology startup environments. I certainly "GET" the challenges the disgruntled callers had with respect to the valuation of assets as GASFRAC's lender is literally "banking" on those equity values. However, the operating "Futures" of the company can not be disclosed due to confidentiality agreements with their respective clients. These disclosures are most likely disclosable to their lender during the revolving credit negotiations. If the revolving credit is not "called" and the lender supports extending the agreement on new terms this will be a key positive futures indicator. Utilization APPEARS to be improving.

    Sentiment: Hold

  • "as-saudis-target-shale-industry-u-s-considers-a-response" search this article.

    In the long run, though, technology will probably provide the greatest efficiency gains for producers. The Shale Revolution was sparked by advances in fracking and horizontal drilling technology, so innovation is at the heart of this movement and will continue to push it forward. Shale productivity per new well has increased 800% in the last six years thanks to advances in technology, but producers are still leaving a lot of oil in the ground. Indeed, the current recovery rate from shale oil formations is only around 5% of what is possible, according to Robert Kleinberg, a fellow with Schlumberger, the large oilfield service firm. That is far below the average 50% recovery rate for conventional wells, Kleinberg says.

    Producers and oilfield service firms are working furiously on developing Enhanced Oil Recovery (EOR) techniques that can help them boost production, specifically in unconventional shale wells. EOR is a generic term used by oil service firms describing a basket of new technologies that they are developing to help producers squeeze more oil out of fields than what is currently possible.

    EOR techniques that work for conventional wells, such as water flooding, don’t do as well in unconventional wells due to the “tight” formation of the rocks as it prevents water from moving freely in the formation. Oilfield scientists are having better luck injecting gas into shale wells using C02 and other so-called “miscible” gases to help push the oil out. This has been shown to increase overall oil recovery rates by as much as two to three times that of primary recovery techniques.

    Wood Mackenzie, the energy consultancy, now estimates that EOR technologies currently being explored today by producers and which are set to come into force by 2020, could add 1.5 to 3 million barrels per day to U.S. production by 2030, up to 25% more oil than what is being forecasted today. With the succe

    Sentiment: Hold

  • Reply to

    SLB third quarter report discussed fracturing-

    by tequipsemi Oct 29, 2014 11:27 AM
    tequipsemi tequipsemi Oct 30, 2014 9:50 AM Flag

    SLB is always on the hunt for new technologies to acquire. My point was that if GASFRAC had proven new technology then SLB would be an excellent candidate to buy GASFRAC and add it to SLB's broad line of well services allowing a maximum return to the drillers. I am concerned that GASFRAC is too vertical in their capabilities and therefore despite their excellent technology aren't competitive.

    Sentiment: Hold

  • Contracts with BHP Billiton

    Schlumberger’s broadband sequence hydraulic fracturing technique was used to increase operational efficiency in the Eagle Ford shale in South Texas. This enhanced normalized production by 22% for BHP Billiton Limited (BHP).

    BHP discovers, acquires, develops, and markets natural resources worldwide. BHP also used Schlumberger’s drillable fracturing plug technology in its Eagle Ford shale rigs to eliminate non-productive time in well completion. Schlumberger estimates this technology will help BHP save $200,000 per event.

    In the Permian Basin, Schlumberger’s logging services were deployed to increase average well production by lowering breakdown pressure and eliminating screenouts. A screenout refers to an excessive injection of fluid to fracture shales.

    Does GASFRAC offer a broad enough solution for the drillers? GASFRAC should solicit SLB if the technology is the best !

    Sentiment: Hold

  • tequipsemi by tequipsemi Oct 3, 2014 9:48 AM Flag

    7:54 am Schlumberger: Seven Generations Energy reaches greement with Schlumberger Canada whereby Schlumberger will provide continuous service of one hydraulic fracture stimulation spread with sufficient staffing to supply 24-hour operations to 7G (SLB) : Seven Generations Energy announced that it has reached agreement with Schlumberger Canada whereby Schlumberger will provide continuous service of one hydraulic fracture stimulation spread with sufficient staffing to supply 24-hour operations to 7G. The Spread will be deployed at 7G's Kakwa River Project near Grande Prairie, Alberta.

    Sentiment: Hold

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