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A Gasfrac Energy Services Inc. operation in Colorado.
A Gasfrac Energy Services Inc. operation in Colorado.
(Gasfrac)

Gasfrac activist sees global market for waterless fracking

The activist investor who has forced a wholesale change of the board of directors at Gasfrac Energy Services Inc. wants the company to expand its offering of waterless rock-fracturing technology beyond North America.

The trick will be to pique the interest of national oil companies and other players in regions where water shortages make it difficult to employ traditional fracking for oil and gas production, said Julien Balkany, chief investment officer of Nanes Balkany Partners LLC.