Bankrupt Waterless Fracking Co GASFRAC Sold to “Third Party”

It’s either a sad ending, or a happy new beginning–we’re not sure which. For some time MDN has chronicled the ups and mostly downs of Canadian company GASFRAC, a pioneer and perhaps best shot (so far) in providing a waterless alternative to fracking shale wells. The company ran an experimental frack job on a Utica Shale well for EV Energy Partners last year (see Details on GASFRAC’s Waterless Frack Test in OH Utica). EV has not released any details about that frack job, good or bad–so far. GASFRAC has been in financial trouble for a few years now and we reported earlier this year the company filed for bankruptcy protection and put themselves and/or any of their assets up for sale (see Fire Sale for GASFRAC Waterless Fracking Co, Interim CEO Resigns). The sale has happened…

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