Gasfrac Energy Services Inc. operates as an oil and gas well fracturing company in Canada and the United States. The company through its technology, Liquid Petroleum Gas (LPG) Fracturing Process enables wells to be fractured with LPG, primarily propane and butane. Gasfrac Energy Services Inc. is... More
Monday, Aug 262:13 PMHold the water: GasFrac pioneers method to frack wells without it
Monday, Aug 262:13 PM| 5 Comments
- The Houston Chronicle profiles a Texas drilling company that uses natural gas liquids instead of water to frack its wells.
- BlackBrush Oil & Gas uses a mix of liquid propane, butane and pentane instead of water; it contracts with GasFrac Energy Services (GSFVF.PK +4.9%), which developed the method and is expanding in south Texas.
- The normal fracking process uses huge amounts of water, sand and chemicals and is heavily criticized due to concern for contamination and conflicts with other water needs.
Tuesday, Sep 112012, 3:58 PMGasfrac's (GSFVF.PK -14.6%) management shakeup, including the immediate departure of its CEO and COO, sends shares swooning. CFO Jim Hill will lead the company as president and CEO on an interim basis, and current operations personnel will assume COO duties. The oil and gas technology company also will undertake an operational review. |Tuesday, Sep 112012, 3:58 PM| 18 Comments
Monday, Jul 22012, 10:40 AM
Monday, Jun 252012, 1:28 PMGASFRAC Energy Services (GSFVF.PK) -7.8% to $2.84 and continuing a slide that began in March 2011 - when the stock was what SA contributor Saibus Research recently called an "unsustainably high" $15.07 - and seems to have picked up pace in March this year, especially after a revenue warning in April. However, the firm could now be worth a second look. |Monday, Jun 252012, 1:28 PM| 1 Comment