BaseTrace is a well-specific DNA-based tracer that can be added to the hydraulic fracturing fluid, enabling us to determine whether connectivity exists between drilling sites and ground or drinking water. The tracer is composed of inexpensive, inert strands of resilient DNA mixed into hydraulic fracturing fluid, providing each well with a chemical fingerprint that is simple and cheap to identify. BaseTrace can provide a definitive answer to questions regarding the fate of hydraulic fluid, thus reducing the issue of uncertainty in liability and improving information on well maintenance.
We believe our tiny tracer can play a large role in the development of clean energy, deriving technology from across different fields to provide the tools for accountability in the rapidly growing natural gas market and beyond. Regulatory hurdles for hydraulic fracturing are currently increasing, and larger companies are eager to voluntarily demonstrate Best Management Practices and explore the use of technology that shows environmental stewardship. Our services will also be valuable to smaller drilling firms seeking access to leases where there may be local barriers to entry due to groundwater concerns.
FFVC resident BaseTrace advances to the energy and sustainability final round at the 1776 Challenge Cup to be held 5/30/15 in Washington, DC. The Challenge Cup, sponsored by 1776 as an incubator and seed fund focused on startups, began their international competition in October with regional competitions in 16 cities. And now there are just two. A total of $650K in prize money will be awarded to the finalists. […]
As a contentious natural gas extraction process, fracking has the potential to greatly increase the [...]