Frack Company Using Rocket Fuel Hires Former NASA CFO

Canadian company RocketFrac Services Ltd. 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 makes 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.” We've heard those kinds of claims before. Still, the startup company set out to raise $1 million and ended up raising $3.1 million (see New Waterless Frack Company Uses Rocket Fuel! Gets $3M Investment), which is impressive. Something else that's impressive: RocketFrac, a company that literally uses rocket fuel for fracking, has just hired the former chief financial officer of NASA to be chairman of the board. You can't make this stuff up!...

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