• 2 minutes Oil Price Could Fall To $30 If Global Deal Not Extended
  • 5 minutes Middle East on brink: Oil tankers attacked off Oman
  • 8 minutes CNN:America's oil boom will break more records this year. OPEC is stuck in retreat
  • 1 min Iran downs US drone. No military response . . Just Completely Destroy their Economy. Can Senator Kerry be tried for aiding enemy ?
  • 2 mins The Inconvenient Truth Of Electric Cars
  • 5 hours California and Oil
  • 4 hours The Plastics Problem
  • 2 hours Hydrogen FTW... Some Day
  • 7 hours Win Against Tyranny: Turkey's Opposition Strikes Blow To Erdogan With Istanbul Mayoral Win
  • 17 mins NATO Article 5: Attack on one member is attack on all. Members all must come to defense . . . NOT facilitate financial transactions to circumvent and foil US Sanctions. Somebody please tell Angela.
  • 1 hour Ireland To Ban New Petrol And Diesel Vehicles From 2030
  • 17 hours Solar Panels at 26 cents per watt
  • 7 hours Green vs. Coal: Bavaria Seeks Fast-Track German Coal Exit in Snub to Merkel Plan
  • 22 hours Summit in Pyongyang: China's Xi Says World Hopes North Korea-U.S. Talks Can Succeed
  • 8 hours Here We Go: New York Lawmakers Pass Aggressive Law To Fight Climate Change
  • 19 hours What's more Important Iran Nuke Deal or Strong China Trade Deal. Hypothetically, If China offered Trump North Korean and Iran deals in exchange for concessions on trade deal should he take it ?
  • 23 hours Huge UK Gas Discovery
Alt Text

What The Market Is Overlooking In The Occidental Deal

Occidental Petroleum has caught a…

Alt Text

This Supermajor Is Leading The Energy Sector

This supermajor has been standing…

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

Trending Discussions

Fracking Alternative to Hit Market and Revive ‘Dead Wells’

Emerging oil and gas technology company FalconRidge Oil Technologies Corp. has announced the full commercialization of the third generation of a revolutionary new technology that revitalizes ‘dead’ wells and is poised to become the leading alternative to hydraulic fracturing.

On 22 October, FalcronRidge (OTCQB:FROT) said its third-generation Terra Slicing Technology ("TST™") for oil and gas well completion was ready for field deployment.

The new technology is proven to have the ability to restore the capacity of a well to up to 80% of its original flow rate, allowing producers to access substantial reserves locked in the oil zone.

“The many recent improvements made to the technology have positioned TST to become a leading alternative and improvement to traditional fracking techniques and well stimulation for most low-volume, under-performing oil and gas wells,” FalconRidge CEO Mark Pellicane, said ahead of the technology’s commercial deployment.

“The opportunity to become a leader in providing this revolutionary new technology and service to oil and gas operators is truly enormous.”

Terra Slicing Technology is a safe, extremely accurate and reliable water jet cutting procedure.  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.

According to FalconRidge, TST increases reservoir permeability by up to 20 times, using high pressure abrasive slurry to cut deep into the reservoir formation. Most significantly, the technology can be applied in almost all known environments--including onshore, offshore, vertical and horizontal formats--and is the only that has been proven to work in less than 5% porosity/permeability.

The overall goal of third-generation TST technology, according to Pellicane, is to shift the industry away from new drilling and towards increasing the efficiency of extraction in existing well-bores to increase overall recovery.

The company is billing the new technology as the best alternative to traditional fracking, which continues to field wide opposition and feed growing activism through North America and Europe.

Terra slicing is a proven, safe alternative to fracking, and it is also considered to be faster and more efficient.

FalconRidge disclosed to shareholders that it is very close to monetizing its patented technology and plans to commercialize the platform by offering it to other oil and gas firms as a technology demonstrator program.

The company’s stock has a 52-week range of $0.36 - $1.90, and has showed positive movement of $2.68, while market capitalization sits at $56.37 million.

Go here to learn more about FalconRidge

By James Burgess of Oilprice.com

Legal Disclaimer/Disclosure: FalconRidge is an Oilprice.com client. 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.




Download The Free Oilprice App Today

Back to homepage

Trending Discussions


Leave a comment

Leave a comment




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