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Completing the Well

New report: Banning fracking could have devastating impact on Texas, American economy

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If hydraulic fracturing were banned, Texas could lose 1.5 million jobs and $196 billion in annual GDP by 2022, a new report from the US Chamber of Commerce Energy Institute finds. The fourth installment of the institute’s Energy Accountability Series details the devastating economic impacts that America, especially Texas, could face if the “Keep it in the Ground” movement succeeded in banning hydraulic fracturing for oil and natural gas.

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Canadian project puts high-horesepower frac pump into the field

The SPM QEM 3000 was designed for continuous-duty pressure pumping operations at a sustained 275,000-lb road load, 24 hours per day, seven days per week.

Texas-based Weir Oil & Gas has partnered with Canada-based Canyon Services Group to take Weir’s SPM QEM 3000 frac pump to the field. It is the industry’s first high-horsepower frac pump designed for continuous-duty pressure pumping operations at a sustained 275,000-lb rod load, 24 hours per day, seven days per week. The pump is projected to reduce total cost of ownership by 17%.

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Next-gen microchip plots cracks, pores through frac fluids

The size of this newly developed microchip, including the on-chip camera and the pads, is only 0.55 mm by 0.85 mm.

Rice University’s Integrated Systems and Circuits (RISC) laboratory has developed a new generation of microchips, approximately the size of a grain of sand, that travels downhole through fracturing fluids to plot the cracks and pores through which oil and gas move to the surface. Activated by electromagnetic signals sent from an aboveground transceiver, the microchips return real-time data to create high-resolution maps of reservoirs and formations formed by hydraulic fracturing.

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