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GASFRAC Energy Services Inc. GSFVF

Energy
GasFrac Energy Services Inc is an oil and gas service company. It is engaged in providing liquid petroleum gas fracturing services to oil and gas companies in Canada and the United States of America. The company has developed a patented waterless Liquid Petroleum Gas gel that yields higher reservoir production while eliminating concerns over water use in fracturing.


OTCPK:GSFVF - Post by User

GASFRAC Energy Services Inc. > Rumours
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Comment by g_man1234on Nov 02, 2012 5:10pm
407 Views
Post# 20557108

RE: RE: RE: Rumours

RE: RE: RE: Rumours

The process patents are held by Chevron & Haliburton Chevron awarded Gasfrac an exclusive licence to use the LPG gel in Canada and a general licence to use the gel in the US.

 

GasFrac has their own patents around equipment & the chemistry to gel the propane, but they need the Chevron license to be able to actually pump it. You can rest assured that Halliburton is quite happy to have GFS do the R&D and Market development, and assume all the risk associated with new technology adoption & uptake.

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