|By Marketwired .||
|April 28, 2014 01:18 PM EDT||
CALGARY, ALBERTA -- (Marketwired) -- 04/28/14 -- Editors Note: There is a photo associated with this Press Release.
GASFRAC Energy Services Inc., with headquarters in Calgary and operations in Alberta and Texas, announced today it has been named a finalist in the internationally renowned 2014 Edison Awards to be presented April 30th in San Francisco. The Edison Award program, now in its 27th year, honours groundbreaking ideas at the forefront to new products, services, marketing, design and innovation. GASFRAC is nominated in the Energy & Sustainability category for its Vantage® Frac waterless fracturing process which saves millions of gallons of water used in hydrocarbon production while also improving production efficiency - thereby ensuring more efficient use of two valuable resources.
"It is an honour and a pleasure to be recognized for our innovation," said GASFRAC CEO James Hill. "The GASFRAC team is motivated by the desire to do things no one has done before. While we are becoming known for providing a full range of efficient and innovative conventional fracturing services and products, our Vantage LPG Gel process has introduced a game-changing advance to the industry that helps dramatically reduce the use of precious water resources. This is important everywhere, but especially in those petroleum producing regions of North America where water is extremely scarce."
GASFRAC's Vantage Frac process is a closed stimulation process and injection method utilizing gelled LPG rather than conventional frac fluids. LPG Gel properties such as low surface tension, low viscosity, low density combine to create more effective fracturing lengths that enable higher initial and long-term production of the well. The gel process also allows for 100 per cent recovery of fracturing fluids within days of stimulation - leading to economic and environmental benefits such as a reduction in clean-up, waste disposal and post-job truck traffic.
About the Edison Awards
The Edison Awards (www.edisonawards.com) were named after Thomas Alva Edison (1847-1931), whose extraordinary new product development methods and innovative achievements garnered him 1,093 U.S. patents and made him a household name worldwide. The ballot of nominees for the Edison Awards is judged by a panel of more than 3,000 individuals, including members of seven different associations representing a wide variety of industries and disciplines. Past honorees have included companies such as Starbucks®, Black & Decker®, AT&T Inc., Boeing, Caterpillar, General Motors, DocuSign®, Intuit and many more.
About GASFRAC Energy Services Inc.
GASFRAC Energy Services Inc. is an innovative North American based well-fracturing company offering a complete range of conventional frac fluids, frac services and consulting expertise, along with a patented waterless Liquid Petroleum Gas gel that yields higher reservoir production while eliminating concerns over water use in fracturing. Our proven, proprietary Liquid Petroleum Gas gel process offers an alternative to conventional fracturing that address industry needs for water conservation, increased employee safety and better working conditions in the field.
To view the photo associated with this press release, please visit the following link: http://www.marketwire.com/library/20140428-GASFRAC_JamesHill_CEO.jpg
GASFRAC Energy Services Inc.
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