Titan Division of Hunting Energy Services, a subsidiary of Hunting Plc, the international energy services company, introduced its Digital Freepoint Tool on Oct. 6. The tool transmits real-time data processed from movements in the downhole assembly that allows operators to determine where their tubulars are stuck in the borehole, and make rapid and informed decisions in recovering the immobilized assembly.
The tool’s Hall Effect sensor picks up movements in the assembly associated with tension, compression, or torque and converts that to an AC signal. This signal is sent up hole and processed at the surface by the Digital Freepoint Panel or SDS Warrior System.
With accurate data in hand, the operator has the ability to fire a jet cutter or string shot below the tool in the same run.
Eagle River Energy Advisors has been exclusively retained by a private seller to divest certain overriding royalty interest (ORRI) assets and associated development rights in the Williston Basin of North Dakota.
Here’s a snapshot of recent energy deals including the closing of ConocoPhillips’ $13.3 billion acquisition of Concho Resources, one of the largest independent shale producers in the Permian Basin.
Here’s a quicklist of oil and gas assets on the market including Unit Petroleum operated Kansas properties plus a nonop Barnett Shale position from Tokyo Gas.