RocketFrac Technology Revolutionizes Oil & Gas Well Stimulation

RocketFrac Technology Revolutionizes Oil & Gas Well Stimulation

Jun 17, 2022

 
Kelly Reed
When living in extraordinary times, extraordinary measures are often necessary to solve problems. Innovative leaders take these measures by bringing new solutions to the table that can completely transform industries and the way they approach challenges.

What the world is experiencing regarding oil and gas prices is the definition of “extraordinary times.” In the energy sector, RocketFrac Energy Services has emerged as a leader seeking to solve the ecological issues surrounding traditional oil and gas well stimulation — a practice more commonly referred to as “fracking.”

The Fracking Challenge

Fracking is something of a dirty word in the climate change conversation. The commonly-applied method of stimulating oil and gas wells involves injecting water through wellbores into oil and gas reservoirs at high pressure to fracture the reservoir rock and help oil and gas flow out of the formation. Despite criticisms, fracking is highly effective, and the process of has transformed the oil and gas industry since it was introduced in the 1940s, leading to a massive uptick in drilling.

The problems with the current hydraulic fracking technique is that it takes up to 16 million gallons of water to frack a single well. With such enormous water consumption, our finite supply of freshwater could be in jeopardy, especially in regions which are already struggling with water shortages.

RocketFrac addresses this issue with hydraulic fracking by taking water out of the equation entirely. Their disruptive technology stimulates oil and gas wells by using small amounts of clean and safe solid rocket propellant discharged safely thousands of feet beneath the earth’s surface. While hydraulic fracking provides affordable energy access, the process requires high volumes of water, tonnes of sand and extensive equipment all of which produces carbon emissions and raises the ire of climate change activists. RocketFrac’s process eliminates most of this equipment and the carbon intensive transport of millions of pounds of material, dramatically reducing the carbon intensity of a conventional fracking operation.

Using rocket fuel in the fracking process employs similar principles to hydraulic fracking. In basic terms, immense pressure is applied to the subterranean rock through the rapid expansion of gasses and accompanying shock waves which each help to open fissures that oil and gas can flow through. Rocket fuel in fracking was first researched in the 1970s, but the technology available at that time had not quite caught up to the idea. However, with RocketFrac’s technological innovations, the pioneering concept can finally be brought to fruition.

Increase in Demand Makes Innovation Crucial 

The demand for oil and gas has increased exponentially worldwide. Even Elon Musk has entered the conversation with his thoughts, tweeting in March that, “We need to increase oil & gas output immediately.” Indeed, oil is necessary for industrialized nations to thrive, but the environmental implications of traditional water-based fracking are evident.

RocketFrac is seeking to cater to the ideals of environmentalists with its cleaner, safer technology. Gaining consumer buy-in is integral if oil and gas companies intend to step up their drilling efforts to meet demand. The advantages of RocketFrac do not stop at its eco-friendly nature; their economic and operational benefits are bound to appeal to consumers, as well.

People are taking notice of RocketFrac’s disruptive innovation. They have successfully secured multiple rounds of financing and secured former NASA CFO Ronald R. Spoehel as Chairman of the company’s Board. With RocketFrac addressing concerns of both the oil and gas industry as well as a public increasingly concerned about the environment and carbon emissions, the company has garnered positive interest from industry experts and consumers alike.

While the world strives to meet the goal of net-zero emissions, energy and technology will need to be as eco-friendly as possible in the future. The demand for oil and gas will only increase, as will the demand for approaches to energy production that are as clean as possible. RocketFrac answers the resounding call for clean, efficient, affordable oil and gas well stimulation. In a worldwide community that is becoming more aware of our consequential effect on the environment with each passing year, innovations like RocketFrac’s will play a huge part in working towards a more eco-friendly future.

 

 

 

Opinions expressed by US Reporter contributors are their own.
Kelly Reed is an interior designer and loves space and shapes. Her expertise in the field of interior designing had contributed her to be highly-acclaimed in blogosphere, wherein she shares her home décor ideas through blog and vlog in social media platforms.
Sustainable Fracking and Climate Change

Sustainable Fracking and Climate Change

May 27, 2022

Climate change is one of the most significant issues facing society today. Though many companies are working diligently to deliver solutions in the transportation, food production, and oil and gas sectors, one of the biggest environmental issues making regular headlines is fracking.

Fracking involves injecting a high-pressure mixture of water, sand, and chemicals into subterranean rock to open fissures to extract oil or gas. It’s been one of the most controversial points in the ongoing climate change discussion. While fracking revolutionized the drilling of oil and gas, it can also poison groundwater, damage landscapes, and harm wildlife. These potential problems caused by fracking have spurred worldwide protests against fracking, and even a call to ban hydraulic fracturing (fracking using water) in the United States. 

RocketFrac is a Canadian company that has developed cutting-edge tools and disruptive technologies to solve these pain points in the traditional fracking process. Their focus has been on economically-efficient and environmentally-friendly energy generation and resource recovery without the need for water. 

Changing the Face of Fracking

RocketFrac has pioneered a new approach to waterless well stimulation. Using a safe, customized rocket propellant makes well-stimulation more efficient and environmentally-friendly. The US uses 175 million gallons of water per day in a conventional fracking approach. The RocketFrac Cleantech Energy approach uses no water, eliminating one of the biggest issues people have with traditional fracking. 

The RocketFrac technology is genuinely disruptive. Well performance is improved, and operating costs are lowered with the RocketFrac technique. In addition, the chances of seismic activity from fracking are eliminated with the RocketFrac approach. RocketFrac has carved out a place for itself in the next-generation energy production industry. 

Reducing Emissions for Climate Change 

Climate change is a concern for all countries and governments. With each passing year, it becomes more evident that changes have to be made, with broad emphasis placed on the essential need for reducing carbon emissions. Alberta, Canada, where RocketFrac is based, sequesters and stores more carbon than any other jurisdiction globally. Alberta also invests more per capita in carbon reductions overall. Since 2009, Alberta has invested $821 million in 221 projects worth $6.6 billion to reduce emissions. 

The Alberta Carbon Trunk Line (ACTL) captures and stores carbon and greenhouse gasses underground. The ACTL project leads the world in carbon-capture technology, and has safely removed billions of pounds of carbon from the atmosphere and stored them underground. This technology is unique to Alberta and cannot be found anywhere else in the world. RocketFrac will soon be exporting this pioneering technology to help the rest of Canada and the world lower their emissions. 

The strides RocketFrac has made in technological advancements seek to transform the future, and change the trajectory of climate change. Removing carbon from emissions solves one of the world’s greatest environmental challenges.

The RocketFrac technology has the opportunity to change far more than simply the way we approach fracking. There may be opportunities to use this technology for geothermal applications. In addition, it has the potential to extend the life of existing resources and associated infrastructure; thus, reducing overall greenhouse gas footprints.

The solid rocket fuel that RocketFrac uses in its well stimulation is safe for transportation, requires no special handling, and — likely best of all — there is no potential for spills and costly cleanups. 

Continued Innovation Leads to Necessary Change

The term “fracking” stokes a lot of feelings in people. We have all seen the protests, and many have watched anti-fracking documentaries such as Gasland. Bringing a new fracking technology to the oil and gas industry could be viewed as an uphill battle for a company like RocketFrac. Selling the idea of fracking via solid rocket fuel could be a hard sell for people who don’t fully understand the science behind the innovative technology. 

Nevertheless, RocketFrac is laser-focused on its environmental impact. They have worked hard to get their mission across — and introduce this environmentally responsible option — to the world. The approach to fracking can be changed for the better, and continued innovation is the path to that change. 

Opinions expressed by The Chicago Journal contributors are their own.

Christian Strauss

Christian Strauss is the Executive Editor at The Chicago Journal. He has proven proficiency in applying analytics to content strategy. He understands the present competition of every industry and makes effective content for a business/brand to take over.

Magellan Aerospace and RocketFrac Services Sign Manufacturing Contract

May 19, 2022

May 17, 2022  •  1 day ago  •  4 minute read  •   Join the conversation
RocketFrac personnel readying their patent-pending tool for deployment at a well site.
RocketFrac personnel readying their patent-pending tool for deployment at a well site. Business Wire

TORONTO — Magellan Aerospace Corporation (“Magellan”) and RocketFrac Services Ltd. (”RocketFrac”) announced today, a contract for the manufacture of charges for an innovative new fracturing technology that uses solid rocket propellant as an alternative to using hydraulic fracking. RocketFrac and Magellan partnered to develop a new fracturing technology that couples RocketFrac’s patent-pending downhole tool with a new and specifically formulated propellant under an exclusive global license from Magellan. All of the charges will be manufactured and delivered from Magellan’s Winnipeg facility by the end of 2022.

The oil and gas sector is actively pursuing new technologies that can address concerns with water use, groundwater protection, and other environmental concerns that are common to traditional hydraulic fracturing. The RocketFrac tool is designed to apply the pressure generated by the solid propellant to a specific portion of the well. This approach requires no water and increases production mobility via radial fracturing of the rock.

 

Magellan is eager to apply its aerospace energetic material expertise to new opportunities in non-traditional sectors.

 

About Magellan Aerospace Corporation
Magellan Aerospace Corporation is a global aerospace company that provides complex assemblies and systems solutions to aircraft and engine manufacturers, and defence and space agencies worldwide. Magellan designs and manufactures aeroengine and aerostructure assemblies and components for aerospace markets, advanced proprietary products for military and space markets, and provides engine and component repair and overhaul services worldwide. Magellan is a public company whose shares trade on the Toronto Stock Exchange (TSX: MAL), with operating units throughout North America, Europe, and India.

 

About RocketFrac Services Ltd.
RocketFrac is an innovative energy service company with proprietary technology that unlocks tight reservoirs with a lower environmental footprint than alternatives. By eliminating the need to use water in the fracking process, RocketFrac’s patent-pending proprietary technology conserves this precious resource, while lowering greenhouse gas emissions, and improving operational efficiency. This approach respects Environment, Social and Governance (ESG) commitments, while contributing to critical energy independence needs around the world. Founded in 2017, and headquartered in Canada, RocketFrac is working with international representatives in multiple markets to bring its unique fracking technology to a global customer base. RocketFrac is guided by experienced energy sector experts.

 

Magellan Aerospace Forward Looking Statements

 

Some of the statements in this press release may be forward-looking statements or statements of future expectations based on currently available information. When used herein, words such as “expect”, “anticipate”, “estimate”, “may”, “will”, “should”, “intend”, “believe”, and similar expressions, are intended to identify forward-looking statements. Forward-looking statements are based on estimates and assumptions made by the Corporation in light of its experience and its perception of historical trends, current conditions and expected future developments, as well as other factors that the Corporation believes are appropriate in the circumstances. Many factors could cause the Corporation’s actual results, performance or achievements to differ materially from those expressed or implied by the forward-looking statements, including those described in the “Risk Factors” section of the Corporation’s Annual Information Form (copies of which filings may be obtained at www.sedar.com). These factors should be considered carefully, and readers should not place undue reliance on the Corporation’s forward-looking statements. The Corporation has no intention and undertakes no obligation to update or revise any forward looking statements, whether as a result of new information, future events or otherwise, except as required by law.

RocketFrac Cautionary Notes and Forward-Looking Statements

Certain statements in this press release constitute forward-looking information. All statements other than statements of historical fact contained in this press release, including, without limitation, statements regarding RocketFrac’s future, strategy, plans, objectives, goals and targets, and any statements preceded by, followed by or that include the words “believe”, “expect”, “aim”, “intend”, “plan”, “continue”, “will”, “may”, “would”, “anticipate”, “estimate”, “forecast”, “predict”, “project”, “seek”, “should” or similar expressions or the negative thereof, are forward-looking statements. Forward-looking statements in this news release include statements regarding the engagement and activities of Magellan pursuant to the manufacturing contract.

 

These forward-looking statements are based on reasonable assumptions and estimates of management of the Company at the time such statements were made. Actual future results may differ materially as forward-looking statements involve known and unknown risks, uncertainties, and other factors which may cause the actual results, performance, or achievements of the Company to materially differ from any future results, performance, or achievements expressed or implied by such forward-looking statements. Although the forward-looking statements contained in this news release are based upon what management of the Company believes, or believed at the time, to be reasonable assumptions, the Company cannot assure shareholders that actual results will be consistent with such forward-looking statements, as there may be other factors that cause results not to be as anticipated, estimated or intended. Readers should not place undue reliance on the forward-looking statements and information contained in this news release. The Company assumes no obligation to update the forward-looking statements of beliefs, opinions, projections, or other factors, should they change, except as required by law.

 

 

View source version on businesswire.com: https://www.businesswire.com/news/home/20220517006176/en/

 

Contacts

 

For further information:
Laura Podaima
Director, Corporate Communications
Magellan Aerospace Limited
Ph. +1 204 228 3719
laura.podaima@magellan.aero

 

Mike Bowerman
Director of Communications
RocketFrac Services Inc.
+1 403 461.6079
mike.bowerman@rocketfrac.com

 

Tom Whalen
President and CEO
RocketFrac Services Inc.
+1 403 615.7829
tom.whalen@rocketfrac.com