Weatherford International Plc has signed a memorandum of understanding (MoU) with Safe Influx, the provider of automated well control technology, the company said on Sept. 23. Under the MoU, the companies will cooperate globally to focus on revolutionizing well integrity during the construction phase by bringing to market the first ever integration of managed pressure drilling (MPD) solutions and automated well control technology.
“This unprecedented collaboration will leverage digitalization and automation to enable operators to achieve more from their projects in the safest way possible, while having the confidence their wells will be drilled and constructed with the highest level of integrity available in the market today,” Kevin Fisher, vice president of managed pressure drilling at Weatherford, said.
As part of the MoU, Safe Influx will combine its automated well control technology with Weatherford’s comprehensive portfolio of MPD products and services. This industry first integrated offering will automate the mitigation of drilling hazards, while drilling in the most efficient manner possible. This cooperation creates market-expansion opportunities, allowing both companies to expand their capabilities and resources.
“Safe Influx automated well control technology has a revolutionary role in the Managed Pressure and conventional drilling markets by dramatically reducing our industry's exposure to human factors,” Bryan Atchison, co-founder and managing director of Safe Influx, said.
"We remain optimistic about the improving natural gas supply and demand outlook heading into 2021," Cabot Oil & Gas CEO Dan Dinges says.
Kicked out of the club in 2012, the Haynesville was resurrected beginning in 2017 to take on the mighty Marcellus in metrics, aided by a proximity-to-market kicker. Now, it’s taking on oil basins at the IRR weigh-in.
Dallas Cowboys' owner Jerry Jones' Comstock Resources is picking up cheap assets, betting on the Haynesville's proximity to the growing U.S. Gulf Coast export hub.