Jon Earl Olson

US Patent:

20100217711, Aug 26, 2010

Filed:

Feb 15, 2010

Appl. No.:

12/705948

Inventors:

Jon B. Olson - Barrington Hills IL, US
Greg Radcliff - Downers Grove IL, US
Michael Mackey - Westport CT, US

Assignee:

Trumarx Data Partners, Inc. - Chicago IL

International Classification:

G06Q 40/00
G06Q 10/00
G06F 21/00

US Classification:

705 80, 705 37, 705 30, 726 4

Abstract:

The disclosure presents a system, method, and computer readable medium for facilitating a private commodity resource transaction, having logic for establishing a market for the private commodity resource transaction, communicating a plurality of market establishment prompts to the remote computer, establishing a market for the private commodity resource transaction, receiving market establishment offer information comprising a selected subset of potential respondents, offering to the selected subset of potential respondents the private commodity resource transaction, determining which potential respondents of the predetermined set of potential respondents to communicate the market establishment offer information to, privately communicating the market establishment offer information to the potential respondents, receiving an acceptance response from at least one the potential respondents, identifying which of the potential respondents is associated with a first complete acceptance, privately communicating to the identified respondent a execution communication, and closing the market.

US Patent:

54821169, Jan 9, 1996

Filed:

Dec 10, 1993

Appl. No.:

8/165072

Inventors:

A. Wadood El-Rabaa - Plano TX
Jon E. Olson - Dallas TX

Assignee:

Mobil Oil Corporation - Fairfax VA

International Classification:

E21B 4326
E21B 4700

US Classification:

1662501

Abstract:

Method of hydraulic fracturing of a subterranean formation comprising drilling a deviated wellbore in a direction parallel to a desired fracture direction, and supplying fracturing fluid through the wellbore to the formation. The average net pressure on the fluid is maximized in a fracture formed in the formation by pumping the fracturing fluid at a maximum rate, and by using a high viscosity fracturing fluid. Maximization of the average net pressure acts to extend the fracture in a direction parallel to the direction of the wellbore. The amount of the extension of the fracture is a function of the ratio of the average net pressure to the horizontal stress difference, whereby the higher the ratio, the greater the amount of the extension.

Address:

3320 Louis Dr, Plano, TX 75023

Phone:

9724917611

VIN:

3FAHP02117R176074

Make:

FORD

Model:

FUSION

Year:

2007