New Waterless Frack Company Uses Rocket Fuel! Gets $3M Investment

Over the years MDN has covered waterless fracking technologies. Every now and again a waterless technology comes along as the next, great White Knight in Shining Armor that will sleigh all of the concerns by nutty anti-drillers. Never happens. The waterless fracking tech companies we’ve watched with interest, like GASFRAC, went belly up (see our stories about waterless fracking here). In speaking with experts at industry conferences, MDN editor Jim Willis was struck by the simple rejoinder to his questions about waterless fracking that even if a magical solution were to appear on the scene, there may be times and places when using water to frack just works better, given its physical properties. Frankly, there’s nothing wrong with using water for fracking. But hey, hope springs eternal. So when we saw yet another new waterless fracking technology company issue a press release to say they tried to raise $1 million and ended up raising $3.1 million, we were (of course) drawn to it like a moth to a flame. Canadian company RocketFrac Services Ltd. (gotta love the name, reminds us of Elton John’s iconic song Rocket Man) has an interesting twist on waterless fracking technology–they use solid rocket fuel. No danger of leaks. No worries about transporting it. No water involved. The company is making some pretty big boasts: “We are confident that our fracing process will rapidly become a valuable alternative, perhaps even the preferred choice, for oil and gas exploration and development companies around the globe.” Here we go again…

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