Cenovus Energy Inc. delivered strong operating and financial performance in the first quarter of 2019, generating more than $1 billion of adjusted funds flow, $731 million of free funds flow and cash from operating activities of $436 million. The company's excellent financial results were driven by strong operating performance, a significant narrowing of light-heavy oil price differentials in early 2019 and Cenovus's low-cost structure and continued commitment to capital discipline.
Following months of accelerated development and research, Houston, Texas-based ST9 Gas + Oil has unveiled the new XGen Seat + Valve for frac and well service pumps. This is the first release of many high-performance products that ST9 will soon launch to challenge the system of timeworn practices and technologies.
As a challenger brand born from the best minds of the business and looking to disrupt, ST9 subjected their XGen Seat + Valve to extensive research, design innovation, engineering and field-testing. Designed by ST9's industry experts and manufactured in-house from premium-grade, domestically sourced materials, the XGen Seat + Valve proved to outperform best-in-class competitors by 33% for life and 36% for cost, the company stated.
Advantages that help the XGen Seat + Valve win the field include:
- Maximum load-bearing area
- Polymers developed specifically for hydraulic fracturing
- Optimized profile ratio
- Profile designed for laminar flow and cavitation reduction
- Hardness profile guaranteed
- Concentric leg design for operational stability
- Even and consistence wear profile
- Unrivalled quality control systems
"Proof-positive and tested to perform 33% longer than best-in-class competitors, ST9's XGen Seat + Valve is a vital component in helping oil and gas companies maximize their return-on-investment, delivering longer operational service life, increasing pumping hours, and reducing total cost of ownership," said Chris Buckley, founder and CEO of ST9 Gas + Oil. "It's ultimately more uptime at a fraction of the cost."
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