• 25 mins Kinder Morgan Warns About Trans Mountain Delays
  • 7 hours India, China, U.S., Complain Of Venezuelan Crude Oil Quality Issues
  • 12 hours Kurdish Kirkuk-Ceyhan Crude Oil Flows Plunge To 225,000 Bpd
  • 16 hours Russia, Saudis Team Up To Boost Fracking Tech
  • 22 hours Conflicting News Spurs Doubt On Aramco IPO
  • 23 hours Exxon Starts Production At New Refinery In Texas
  • 1 day Iraq Asks BP To Redevelop Kirkuk Oil Fields
  • 2 days Oil Prices Rise After U.S. API Reports Strong Crude Inventory Draw
  • 2 days Oil Gains Spur Growth In Canada’s Oil Cities
  • 2 days China To Take 5% Of Rosneft’s Output In New Deal
  • 2 days UAE Oil Giant Seeks Partnership For Possible IPO
  • 2 days Planting Trees Could Cut Emissions As Much As Quitting Oil
  • 2 days VW Fails To Secure Critical Commodity For EVs
  • 2 days Enbridge Pipeline Expansion Finally Approved
  • 2 days Iraqi Forces Seize Control Of North Oil Co Fields In Kirkuk
  • 2 days OPEC Oil Deal Compliance Falls To 86%
  • 3 days U.S. Oil Production To Increase in November As Rig Count Falls
  • 3 days Gazprom Neft Unhappy With OPEC-Russia Production Cut Deal
  • 3 days Disputed Venezuelan Vote Could Lead To More Sanctions, Clashes
  • 3 days EU Urges U.S. Congress To Protect Iran Nuclear Deal
  • 3 days Oil Rig Explosion In Louisiana Leaves 7 Injured, 1 Still Missing
  • 3 days Aramco Says No Plans To Shelve IPO
  • 5 days Trump Passes Iran Nuclear Deal Back to Congress
  • 6 days Texas Shutters More Coal-Fired Plants
  • 6 days Oil Trading Firm Expects Unprecedented U.S. Crude Exports
  • 6 days UK’s FCA Met With Aramco Prior To Proposing Listing Rule Change
  • 6 days Chevron Quits Australian Deepwater Oil Exploration
  • 6 days Europe Braces For End Of Iran Nuclear Deal
  • 6 days Renewable Energy Startup Powering Native American Protest Camp
  • 7 days Husky Energy Set To Restart Pipeline
  • 7 days Russia, Morocco Sign String Of Energy And Military Deals
  • 7 days Norway Looks To Cut Some Of Its Generous Tax Breaks For EVs
  • 7 days China Set To Continue Crude Oil Buying Spree, IEA Says
  • 7 days India Needs Help To Boost Oil Production
  • 7 days Shell Buys One Of Europe’s Largest EV Charging Networks
  • 7 days Oil Throwback: BP Is Bringing Back The Amoco Brand
  • 7 days Libyan Oil Output Covers 25% Of 2017 Budget Needs
  • 7 days District Judge Rules Dakota Access Can Continue Operating
  • 8 days Surprise Oil Inventory Build Shocks Markets
  • 8 days France’s Biggest Listed Bank To Stop Funding Shale, Oil Sands Projects
Alt Text

Gold Prices Could Spike As India Resumes Imports

Gold purchases in India imploded…

Alt Text

Copper Prices Ignited By Chinese Demand Growth

Copper prices saw some gains…

Alt Text

Will Ecuador’s Mining Sector Return To Its Golden Days?

Despite the recent political problems…

James Burgess

James Burgess

James Burgess studied Business Management at the University of Nottingham. He has worked in property development, chartered surveying, marketing, law, and accounts. He has also…

More Info

Oil & Gas Technology Of The Future Is Here

Oil and gas technology of the future is here, and it’s claimed to be safer and more economical than fracking.

As oil prices slump and fracking remains under constant activist scrutiny, a new breakthrough technology promises a safe solution for making wells more economic and getting even more oil and gas out of them.

The process of terra slicing is a proven alternative to hydraulic fracturing, and the third-generation of Terra Slicing Technology (TST) is now ready for full commercialization and is expected to hit the market running at the prospect of revitalizing ‘dead’ wells economically and safely.

Terra Slicing Technology is a safe, extremely accurate and reliable water jet cutting procedure, patented by Canadian-based FalconRidge Oil Technologies (OTCQB-FROT). It increases the production of under-performing oil and gas assets through precision excavation and cutting of damaged productive hydrocarbon zones, increasing permeability, creating previously non-existent vertical permeability, increasing the overall drainage area of the well and avoiding further damage caused by explosive charge perforation.

The Future of Oil & Gas Economics

The 25% drop in oil prices is testing fracking companies, according to a recent report by Goldman Sachs Group Inc., which noted that hydraulic-fracturing projects could start to become uneconomic with producers seeing the break-even gap narrow.

In late October, the Wall Street Journal noted that shares of Continental Resources Inc. (CLR) and Whiting Petroleum Corp. (WLL) fell by more than 5%, while shares in major shale oil and gas developer Chesapeake Energy Corp. (CHK) fell 7%. At the same time, Hercules Offshore Inc. (HERO) of Houston said its business had been affected by a slowdown in drilling activity.

FalconRidge’s third-generation Terra Slicing Technology could help improve the breakeven point with financial benefits that may come in handy, particularly in this current oil price climate.

According to the company, the technology promises faster oil recovery by 30-50% and faster gas recovery by 80-160%.

Use of the technology means a shorter time period for return on investment, increases cash flow and—most importantly—an extension of the life of current low or non-producing assets. The bottom line is that TST means producers wouldn’t need to frack.

“Not only is TST proven to significantly improve newly drilled assets and recover previously unattainable reserves, it is also a low-risk endeavor because it offers predictable results before any major expenditures,” FalconRidge CEO Mark Pellicane says.

Not only is TST an alternative to fracking. FalconRidge also says it can be used where fracking is not an option, or as a precursor to fracking in order to “better control and enhance the fracturing procedure.”

Beyond this, Terra Slicing testing has proven that the process leads to high production than fracking. Terra Slicing has a longer term effect on the rock, keeping fractures or “slices” open and active for longer, enhancing production, while at the same time it cleans up a well, keeping the flow channels clear by removing rock from the formation.

Perhaps most impressively, in testing, while a second frack of the same well produced no results, a Terra Slice of the same well led to 18,130 million cubic feet of gas over two years.

Safer than Fracking

Hydraulic fracturing—part of the production process that employs chemicals and other fluids to create small fractures in a formation to stimulate the flow of oil and gas from a well—is highly controversial, and activism targeting fracking, particularly in populated areas, shows no sign of abating.

From research linking an earthquake in Ohio in December 2011 to fracking, to concerns of drinking water contamination and continual battles in a number of states over the process, fracking remains a highly contentious and polarizing issue.

On 4 November, the residents of Denton voted in a local ballot on whether or not to ban fracking within the city limits, and there is a flurry of activity on this battleground that is not likely to end with the vote itself, but will be dragged through the courts in the aftermath.

This vote—which takes place atop the Barnett Shale, where the fracking revolution got its start—could reshape the fracking debate country-wide.   

This makes the timing of the full commercialization of TST quite fortunate. Not only does the industry recognize it as a safe alternative to fracking, but opponents of fracking are also likely to jump on board and remove some of the scrutiny on producers.

Experts describe Terra Slicing as “an environmentally and ecologically safe excavation process in which fracturing is possible and highly determinable.”

To see terra slicing technology in action you can watch the latest video by clicking here.

By. James Burgess of Oilprice.com

Legal Disclaimer/Disclosure: This article has been paid for by Eclipse Media. This document is not and should not be construed as an offer to sell or the solicitation of an offer to purchase or subscribe for any investment. No information in this Report should be construed as individualized investment advice. A licensed financial advisor should be consulted prior to making any investment decision. We make no guarantee, representation or warranty and accepts no responsibility or liability as to its accuracy or completeness. Expressions of opinion are those of Oilprice.com only and are subject to change without notice. Oilprice.com assumes no warranty, liability or guarantee for the current relevance, correctness or completeness of any information provided within this Report and will not be held liable for the consequence of reliance upon any opinion or statement contained herein or any omission. Furthermore, we assume no liability for any direct or indirect loss or damage or, in particular, for lost profit, which you may incur as a result of the use and existence of the information, provided within this Report.




Back to homepage


Leave a comment

Leave a comment




Oilprice - The No. 1 Source for Oil & Energy News