According to a 2009 Society of Petroleum Engineers study, petro-fracking has demonstrated:
1 Significant production improvements
2 Longer, effective fracture lengths
And maybe most importantly...
3 Complete recovery of the petro-frack fluid is consistently demonstrated.
While petro-fracking is being implemented like wildfire, it's still facing a bit of a competition from a far older and more environmentally damaging technology...
A technology that's been making headlines all across the United States and for all the wrong reasons.
Petro-frack may be a total fracking game-changer...certainly worth a few minutes to consider some details.
Extracts from anglenexus.com
"Whether the environmental concerns are justified or not, environmentalists and legislators alike will still make hydro-fracking a costly endeavor.
And to put it mildly, the environmental cost is just the tip of the iceberg when it comes to hydro-fracking's problems...
1 Despite the amount of oil it's freeing up, it is still very inefficient - often leaving behind up to 50% of the oil still trapped in the shale.
2 Hydro-fracking fluid must be maintained at a certain temperature to be effective, resulting in costly heating and cooling equipment.
3 The water that the drillers use is pumped from local sources, which means impurities found in that water can affect well production.
4 It also creates tons of wastewater, which must be processed in another costly operation before it can be used again or before it's returned to the environment.
5 The CO2 and nitrogen used to help recover fluid is expensive and often in short supply on site.
6 Hydro-fracking is a delicate procedure that requires constant on-site supervision, which increases personnel costs and safety issues.
It's also extremely wasteful, requiring open flaring of natural gas to recover CO2 and nitrogen needed to pressurize the fracking fluid.
With drawbacks like these, it's no wonder hydro-fracking has caught the media hellfire.
So any company that can solve the major problems facing shale oil drilling will not only seal hydro-fracking's demise...
But you can bet they'll also secure themselves and a few lucky investors the billions of dollars that come with cornering America's shale oil and natural gas market.
And in a moment, I'll tell you exactly how you can get in on this new oil profit storm.
But first, let me tell you a little more about the game-changing petro-frack technology that's going to change how America drills for oil...
The Key to Petro-frack's Success
Petro-fracking more than doubles the production area of traditional hydro-fracking.
I don't have to tell you that this doubling in size is the key to petro-frack's success.
How is this possible?
Well, petro-frack is effective in its simplicity.
Instead of water, petro-frack uses petroleum-based fluid to extract the oil and natural gas from the shale.
And because the fracking fluid is just another petroleum product (not water or other chemicals) it's 100% recoverable when it mixes with the oil and gas.
No need for a costly separation of water and sand, which is required for hydro-fracking.
The petroleum-based fluid that's used in petro-frack is a natural byproduct of oil drilling. And it's able to hold open the shale formations better and longer than water and sand, which reduces potential formation collapse.
As you can see from this chart,[chart not shown] this is good news not only for the increased amounts of oil reaching the service; but it also greatly reduces production and maintenance costs.
Even though the oil and gas industry has marveled at its efficiency, we're also looking at reduced environmental impact and safety concerns... which means lower insurance costs and lawsuit potential.
Since petro-frack uses no water, it's not going to drain wells.
Its thicker viscosity also means that it's less likely to leach into the groundwater and turn people's kitchen faucets into flamethrowers.
We're also talking about no more wastewater ponds like the one [not] pictured, with the potential to contaminate water sources."
The process looks exciting from the point of view of the Moomba shale gas deposits; alongside others in the Australian pipeline.
GasFrac is an oil field services company based in Calgary that went public in August and has a state of the art liquefied petroleum gas fracturing technology.
Their service has been used by several big oil companies on hundreds of wells in Canada and the U.S. and is eco-friendly and more efficient than conventional hydro fracturing.
The company has patents on their process and recently came out with excellent earnings.
http://www.gasfrac.com/default.aspx
The use of recoverable LPG (a mixture of petroleum and natural gases that exist in a liquid state at ambient temperatures when under moderate pressures (less than 1.5 MPa or 200 psi)) instead of water at Moomba appears logical; but, I expect Halliburton does not currently have access to the Gasfrac patented technology.
Is it a game-changer for shale gas extraction or is it too good to be true...
ADE Price at posting:
13.5¢ Sentiment: Buy Disclosure: Held
