Deep Well Services & CNX Partner to Launch Flowback Services Co.

Two of our favorite companies in the Marcellus/Utica, one a driller (CNX Resources) and the other an oilfield services company (Deep Well Services), have partnered in a joint venture, creating a new company called AutoSep Technologies. The new JV uses groundbreaking new technology developed in CNX's New Technologies unit that targets flowback, the "junk" that comes out of the borehole for the initial month or two after a well is drilled and fracked. Flowback includes methane and other hydrocarbons, sand, water, and fracking chemicals. All of the junk needs to be cleared so the well can start producing clean gas or oil. CNX has found a way to clean the junk that captures the methane (doesn't escape into the air), is cheaper than current methods, and (most importantly) is safer. The process is being patented.

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