According to Halliburton, one of North America’s largest hydraulic fracturing operators and suppliers, the “frack of the future” has arrived. Hoping to both increase well production and lower production costs, Halliburton is one among a crowd of energy companies looking to overhaul their fracking operations with new – and more powerful – methods.
Coined by Bloomberg as “super fracking” the gas industry is celebrating this new catalogue of high-intensity fracking technologies, dedicated to creating deeper and longer fissures in underground formations to release ever-greater amounts of the oil and gas trapped there.
As Bloomberg reports, Halliburton, Baker Hughes and Schlumberger are each investing heavily in advanced fracking technologies. Baker Hughes’ “DirectConnect” technology aims at gaining deeper access to underlying oil and gas deposits while Schlumberger’s “HiWay” forces specially developed materials into fractures to create widened pathways for oil and gas flow. Schlumberger now supplies over 20 oil and gas operators with “HiWay” technologies, up from only two a year ago.