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Vitesse Semiconductor Corp. Message Board

tequipsemi 4 posts  |  Last Activity: 9 hours ago Member since: Oct 26, 2000
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  • Reply to

    SLB third quarter report discussed fracturing-

    by tequipsemi Oct 29, 2014 11:27 AM
    tequipsemi tequipsemi 9 hours ago 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

  • tequipsemi by tequipsemi Aug 8, 2014 12:26 PM Flag

    Good overall call... but as usual can not point to any groundbreaking progress due to the mgt change.

    Mr. Williamson needs to sharpen his ability to position the Strategic and Operational issues that need to be addressed in the short term and long term to move this business forward.

    I was very impressed with Mr. Munro. He sounds like a excellent addition to the company. It also sounds as though Mr. Munro understands very well what the profile of a target client needs to be for the Sales success of the GASFRAC technology. I look forward to watching for his success in closing new business.

    Sentiment: Hold

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