The evolution of frac plugs has been a key enabler in the economic development of unconventional reservoirs in the U.S., according to John Ray, vice president of completions with Innovex Downhole Solutions.
“The industry has experimented with a variety of different completion technologies over the last 10 years, but we are firm believers that frac plugs are the simplest, most robust way to complete horizontal wells.”
A fairly new company, Innovex Downhole Solutions was formed in 2016 from the union of Team Oil Tools, Antelope Oil Tool and Isolation Technologies. And the acquisition of Quick Connectors Inc. and Enerserv in 2019 created Innovex’s well production segment centered on artificial lift technologies and related services.
Recently, Innovex entered into a definitive agreement to acquire Rubicon Oilfield International, which aims to create an independent well-centric products and technology company. The transaction is expected to close in early 2021.
In an exclusive interview with E&P Plus, Ray shared case study details on the company’s latest plug technology as well as his insights on how frac plugs are evolving in the industry.