Rival Downhole Tools (Rival), a portfolio company of EV Private Equity, has secured a five-year collaborative supply agreement for drilling motors for US Land from a major oilfield services provider. Rival will utilize its market-leading engineering and operational capabilities to support the customer's substantial and growing directional drilling business. Rival will also accelerate the growth of its operational footprint into multiple basins to optimize its proximity to drilling activity.
EXCO Resources Completes Upgrade to FLOWCAL Version 8 and Implements Enterprise Liquids
Flow-Cal, Inc. has announced that long-time customer EXCO Resources has upgraded their FLOWCAL measurement software from version 7 to version 8, and added FLOWCAL Enterprise Liquids to provide further efficiency in validating their company’s liquid volumes.
EXCO Resources, an exploration and processing company for natural gas and oil, first installed the FLOWCAL software in 2007, and has continued to expand their system as their organization and assets have grown. With the decision to upgrade to FLOWCAL version 8, EXCO’s operational capabilities will increase through application improvements. Toolbar updates, enhanced user security, and the ability to add descriptions and store reports for archival purposes are several features EXCO can utilize with FLOWCAL’s version 8 software.
In addition to the increased benefits from the upgrade, EXCO has also added FLOWCAL Enterprise Liquids as an integrated solution with their Enterprise gas system. With Enterprise Liquids, EXCO can automate the process of batch and ticket processing while also utilizing many features such as advanced validity checks, source quality management and a directory of calculation methods to support all liquid products.
“We recognize this as a benefit to increase our operational efficiencies,” EXCO Resources Measurement Superintendent Tony Cooper said. “The greatest advantage is the capability to process and track liquid quality with a sediment and water adjustment to ensure accurate results.”
“With these updates, EXCO Resources can easily track liquid inventory, and validate the batch and hourly-level data they receive from their liquid meters,” said Duane Harris, Flow-Cal’s Vice President of Sales. “With FLOWCAL Liquids they have the ability to edit, with a full audit trail, any anomalies that are identified through the validation process and restate the updated liquid quantity and quality with integrity.”
More from Drilling & Production
Following an extensive investigation, flow line repairs, integrity testing and approval of the Canada-Newfoundland and Labrador Offshore Petroleum Board (C-NLOPB), Husky Energy will resume production from the remaining two drill centres shut in following the November 2018 oil spill offshore Newfoundland and Labrador. Husky will now begin an orderly restart and expects to reach full rates by early next week.
CAS DataLoggers provided the data acquisition solution for MTS Solutions, an oil field service company headquartered in Bakersfield, California. MTS has been providing well stimulation services in California for over 30 years, maximizing production for clients using both traditional and green products. Data Acquisition Operations Engineer Kevin England explains, "We're a small business 25-man crew, as opposed to a multi-national company, so we needed a cost-effective monitoring solution for our jobs that still had the advanced functionality our customers require."
Baker Hughes announced that the Baker Hughes Rig Count for the U.S. is down 8 rigs from last week to 934, with oil rigs down 6 to 764, gas rigs down 2 to 169, and miscellaneous rigs unchanged at 1. This is the tenth straight week that the American rig count has declined,
Single Phase Power Solutions, the world's only manufacturer of high horsepower single phase electric motors, match their motors to a pump to provide instant productivity. Available from 30 to 100 HP these single phase pump solutions are easily installed by simply connecting to available single phase utility power - they do not require a phase converter or Variable Frequency Drive (VFD). The company incorporates their Belle Single-Phase MotorT which uses Written-PoleR technology to power standard suction end centrifugal pumps, rotary gear pumps, and turbine pumps in both horizontal and vertical configurations. These pump solutions are ideal for irrigation, drinking water distribution, well pumps, aquifer management, water treatment, wastewater pumping, wastewater collection, wastewater treatment and discharge, and other water and wastewater processing applications. With expertise in pump systems design and manufacture, Single Phase Power Solutions team helps determine the correct materials and style of pump to suit specific application requirements.
CIRCOR International, a worldwide manufacturer of valves for the power generation, industrial, marine and oil and gas markets for over a century, features high-quality R.G. Laurence on/off control valves for applications demanding rapid opening and sealed closure. ATEX-certified and Factory Mutual-approved R.G. Laurence valves offer reliable performance in high temperature and extreme service conditions.
Baker Hughes, a GE company announced that the Baker Hughes international rig count for July 2019 was 1,162, up 24 from the 1,138 counted in June 2019, and up 165 from the 997 counted in July 2018. The international offshore rig count for July 2019 was 255, up 9 from the 246 counted in June 2019, and up 38 from the 217 counted in July 2018.
RTK, a CIRCOR International brand, and an international leader in the design and manufacture of control valves and actuators, introduces the REflex Quick Change Seat Control Valve with REact 30 DC-PoP smart actuator, a flexible all-in-one solution for noise reduction and high pressure drop applications.
Baker Hughes announced that the Baker Hughes Rig Count for the U.S. is down 4 rigs from last week to 942, with oil rigs down 6 to 770, gas rigs up 2 to 171, and miscellaneous rigs unchanged at 1.
The Petroleum Services Association of Canada (PSAC), in its third update to its 2019 Canadian Drilling Activity Forecast, announced that it is decreasing its forecasted number of wells to be drilled (rig released) across Canada for 2019 from 5,300 (May 2019 revision) to 5,100 wells drilled. PSAC based its updated 2019 Forecast on average natural gas prices of $1.60 CDN/Mcf (AECO), crude oil prices of US$57.00/barrel (WTI) and the Canada-US exchange rate averaging $0.76.
Weir Oil & Gas, an upstream provider of pressure pumping and pressure control equipment and services, has introduced the new SPM Quintuplex Extended Max (QEM) 5000 E-Frac Pump. This pump is the only true continuous-duty electric or gas turbine-capable 5,000-horsepower pump in production today, the company states.
Cenovus Energy Inc. recently reached one billion barrels of cumulative production from its Foster Creek and Christina Lake oil sands facilities in northern Alberta. Cenovus is the first company to produce one billion barrels of oil using steam-assisted gravity drainage (SAGD) technology.
Frac Shack Inc.'s newest innovation, the NG SideKick, is the industry's most sophisticated on-pad gas processing unit that takes in field natural gas and processes it down to a safe and usable state for multiple uses on any location. The SideKick depressurizes, heats, and removes liquids and hydrocarbons from field natural gas to ensure the gas is safe and available for use in any natural gas and bi-fuel engine on a hydraulic fracturing location.
Messer highlights new "Huff 'N Puff" treatment to recharge well stimulation at the Unconventional Resources Technology Conference 2019
At URTeC 2019, Messer is highlighting its RECHARGE HNP, or "Huff ‘n Puff," technology, a proven solution for well production enhancement. Ideal for re-stimulating depleted oil and gas wells, the energized RECHARGE HNP treatment combines the proven enhanced recovery properties of carbon dioxide (CO2) or nitrogen (N2) with the latest in advanced nanoparticle technology from Nissan Chemical. URTeC takes place July 22 – 24 in Denver.
ESG successfully completes commercial test of high-temperature, high-pressure downhole microseismic system for hydraulic fracture monitoring
ESG Solutions has recently completed a successful commercial test of its new HOTSHOT downhole microseismic system in the Eagle Ford shale. HOTSHOT represents ESG's latest commitment to acquiring the highest quality microseismic data. The new downhole system was designed specifically for high-temperature, high-pressure operational environments up to 177°C/350°F and 10,000 psi.
SCHROEDAHL, a CIRCOR International brand and an international leader in pump protection and flow control technology, announces that new, self-modulating TDL Automatic Recirculation Valves (ARVs) are now available in more than 35% lighter cast material. These reliable all-in-one pump protection solutions are designed to keep pumping systems in process, firefighting, refinery, power and chemical applications modulating and running smoothly, without cavitation or overheating.
The Canadian Environmental Assessment Agency has commenced federal environmental assessments for the proposed BHP Canada Exploration Drilling Project and the Tilt Cove Exploration Drilling Project. The two projects are located between 300 and 325 kilometres east of St. John's, Newfoundland and Labrador, in the Atlantic Ocean.
Cleansorb, a provider of patented chemical well treatments that enhance hydrocarbon production for the international oil and gas industry, announced that following a series of successful ORCA for OBM treatments on offshore oil production wells and a water injection well drilled with OBM, increased production and water injectivity have been achieved on behalf of a major operator in the Middle East.
Baker Hughes Rig Count: U.S. - 6 to 969 rigs
- U.S. Rig Count is down 6 rigs from last week to 969, with oil rigs down 1 to 788, gas rigs down 5 to 181, and miscellaneous rigs unchanged at 0.
- U.S. Rig Count is down 90 rigs from last year's count of 1,059, with oil rigs down 75, gas rigs down 13, and miscellaneous rigs down 2.
- The U.S. Offshore Rig Count is up 1 rig to 24 and up 4 rigs year-over-year.
Baker Hughes, a GE company announced that the Baker Hughes international rig count for May 2019 was 1,126, up 64 from the 1,062 counted in April 2019, and up 159 from the 967 counted in May 2018. The international offshore rig count for May 2019 was 240, down 11 from the 251 counted in April 2019, and up 42 from the 198 counted in May 2018.
Schlumberger has introduced the GAIA digital exploration platform at the 81st EAGE Conference & Exhibition. The GAIA platform enables exploration teams to rapidly discover and access basin-scale data and manage their exploration opportunities.
NETZSCH Pumps North America, LLC, experts in solutions designed specifically for difficult pumping applications, will be highlighting its NOTOS multiple screw pumps at the 2019 Global Petroleum Show (GPS), which will be held June 11-13, 2019, at BMO - Calgary Stampede Park, in Calgary, Canada. Visit Booth #1394 to see the NOTOS, which is ideal for pumping everything from light fuel oil to viscous asphalt. Also to be featured are NEMO full service-in-place (FSIP) progressing cavity pumps and TORNADO rotary lobe pumps.
Rotork intelligent full-turn electric actuators have been supplied for upstream shale gas production wells in the USA.
Siemens enters Permian gas processing market with innovative electric-drive centrifugal compression solution
Siemens was recently awarded a contract to provide three residue compression trains for two, 250 million (500 million total) standard cubic feet per day (MMSCFD) cryogenic gas plants in the Delaware Basin. The customer, a key producer in the region and long-term user of reciprocating compression equipment, recognized the benefits of centrifugal compression and looked to Siemens for a fully integrated, turnkey solution that includes compressors, motors, variable frequency drives, and associated process equipment.
ProSep, a technology and service provider for integrated process solutions to the global energy industry, has successfully secured a contract with Aker Solutions to provide two MAX+ ProSalt mixers to Equinor's Heimdal Gas Centre Platform in the North Sea.
Wellbore Integrity Solutions (WIS), an affiliate of private equity firm Rhône Capital, and Schlumberger jointly announced that they have entered into an agreement for WIS to acquire the businesses and associated assets of DRILCO, Thomas Tools, and Fishing & Remedial services, along with part of a manufacturing facility located on Rankin Road in Houston, Texas. The transaction is valued at approximately $400 million and is subject to regulatory approvals and other customary closing conditions. The parties expect to close the transaction by year-end 2019.
ITT Inc.'s BIW Connector Systems brand will showcase its enhanced electrical wellhead penetrator solutions for the upstream oil and gas market at the Society of Petroleum Engineers Gulf Coast Section's ESP Symposium May 13-17, 2019 at The Woodlands Waterway Marriott Hotel & Convention Center near Houston, Texas.
Quartzdyne, Inc., a producer of pressure transducers for the oil and gas industry, introduced its Gen2 Quartz and Piezo Memory Tools at the Offshore Technology Conference (OTC).
Wild Well Control, a Superior Energy Services company and global leader in well control, engineering and training services, has launched a new online well control e-learning course, Introduction to Drilling Operations.
Baker Hughes, a GE company announced that the Baker Hughes international rig count for April 2019 was 1,062, up 23 from the 1,039 counted in March 2019, and up 84 from the 978 counted in April 2018. The international offshore rig count for April 2019 was 251, up 4 from the 247 counted in March 2019, and up 57 from the 194 counted in April 2018.
From 2016 to 2018, capital investment in Canada's upstream oil and gas industry (essentially, exploration and production) increased 15 percent compared to 41 percent in the U.S. over the same period, finds a new study released by the Fraser Institute, an independent, non-partisan Canadian public policy think-tank.
Schlumberger introduced the IriSphere look-ahead-while-drilling service at the Offshore Technology Conference. The new service provides the industry's first application of electromagnetic (EM) technology for detecting formation features ahead of the drill bit in oil and gas wells.
At OTC 2019, Weir Oil & Gas introduced its new SPM EXL Frac Pump - engineered from the ground up to be the most durable, longest-lasting 2500 horsepower pump on the market, the company states. With the highest rod load rating in its class at 238,000 pounds, this pump is designed to withstand today's harshest fracking conditions and ease maintenance for operators' field teams.
The National Energy Board (NEB) has approved two applications to abandon the NEB-regulated parts of Exxon Mobil's Sable Offshore Energy Project and Encana Corporation's Deep Panuke Project. These projects, both located offshore Nova Scotia, had reached a stage of naturally declining production. The Sable Offshore Energy Project stopped producing natural gas in December, 2018 and Deep Panuke ceased production in May, 2018.
The Petroleum Services Association of Canada (PSAC), in its Midyear Update to the 2019 Canadian Oilfield Services Activity Forecast, lowered for a second time its Forecast for the number of wells drilled (rig released) in 2019 across Canada to 5,300 wells - a drop of 1,300 or twenty per cent (20%) from the original Forecast of 6,600 in November 2018. PSAC has based its updated Forecast on an average natural gas price of C$1.65/mcf (AECO), crude oil price of US$57.00/barrel (WTI), and a U.S.-Canada exchange rate averaging $0.75.
Leucrotta Exploration Inc. is pleased to announce the following update: Leucrotta drilled and completed an Upper Montney horizontal multi-frac well at 8-22-81-14W6 ("8-22") in the Mica area of north east British Columbia. The well was considered a major step-out given it was approximately 7.5 miles from the closest producing horizontal Upper Montney well. This well confirms that a large portion of our land base that has previously been delineated as highly productive in the Lower Montney is also highly productive in the Upper Montney, effectively significantly increasing the size of the potential development of the resource.
The cost of building
and operating oil sands projects has fallen dramatically in recent years and
total oil production is expected to rise by another 1 million barrels per day
(mbd) by 2030. But external factors—such as price uncertainty caused by
pipeline constraints—are contributing to a more moderate pace of production
growth than in years past, a new report by business information provider