Schlumberger's HIWAY Fracturing Process -- Petrohawk's Experience

Updates

August 31, 2012: EinNews link (not sure if this is linked elsewhere or below).

August 31, 2012: update on the process; a very good article. 

Original Post

Link here.

Again, we described one very important development today in our press release, the HiWAY frac, and we have placed several slides on our website under Presentations titled HiWAY Frac Results. These are very interesting slides. I'd encourage you to take a look. Incidentally, the NAVs for each of our core positions, the Haynesville/Bossier and the Eagle Ford, in my opinion, have a greater value than where the market trades Petrohawk today. We really do look forward to the future.

Also, click here, and once you get to this page, click on "presentations" on the sidebar at the left, and then click on  "HIWAY Frac Results." The presentation should be impress you. [July 31: that link has been broken. This was the URL: http://www.petrohawk.com/presentations.php. However, a pay site caught the essence:

Petrohawk Energy is promoting Schlumberger's HiWAY, a new hydraulic fracturing technology that the company is using in the Eagle Ford Shale. HiWAY tests brought "spectacular early results," said Floyd Wilson, chairman and CEO of Petrohawk. HiWAY also helped Petrohawk boost its liquids and natural gas production by 32% and 37%, respectively, the company said.

As noted earlier, Schlumberger has a huge presence in the Williston Basin, and a huge footprint/industrial park east of Williston.

Another article here on improvements in fracking.