Artificial Lift

Digital Oilfield , Artificial Lift , Logistics

Weatherford Production Software Boosts Revenue by $156 Million for Middle East Operator

Weatherford International Plc said June 24 its production optimization software platform increased production by nearly 6,000 barrels per day (bbl/d), boosting revenue by $156 million over three years for a Middle East operator.

June 25, 2020

Artificial Lift , Well Stimulation

mCloud, nybl Partner to Jointly Optimize First 2,000 Oil Wells in Kuwait, North America

Included in this agreement is cooperation with nybl to deliver a joint solution that will connect and optimize an initial 2,000 oil wells in North America and Kuwait. Cooperation on this solution is now underway.

June 24, 2020

Public Capital , Artificial Lift , Mergers

Apergy Completes ‘Alluring’ ChampionX Merger

Apergy and Ecolab announced the transaction, which including the assumption of debt was valued at $4.4 billion, in a joint release last December.

June 5, 2020

Private Equity , Artificial Lift , Acquisitions & Divestitures

Post Oak Energy Capital Cashes Out of OFS Investment

Post Oak Energy Capital affiliate Balcones Energy Holdings, in partnership with certain individual investors, sold the equity interests in Precision Compression Services in an all-cash transaction.

May 11, 2020

Exploration & Production , Artificial Lift

Artificial Lift: Optimizing Lift for Small-diameter Wells

An ESP system features an electromagnetic design and better efficiency as production rates decline.

April 22, 2020

Exploration & Production , Digital Oilfield , Artificial Lift

Artificial Lift: More Production, Less Intervention

Digital intelligent artificial lift technology simultaneously enables enhanced recovery from dual-string gas-lift wells.

April 1, 2020

Influential Women , Artificial Lift

Women in Energy: Shauna Noonan, Occidental Petroleum

Today’s featured 25 Influential Women in Energy honoree is Shauna Noonan, director of artificial lift at Occidental Petroleum Corp. and president for the Society of Petroleum Engineers.

March 27, 2020

Unconventional , Artificial Lift

Artificial Lift System Eliminates Downhole Equipment For Unconventional Wells

The new method uses the co-injection of gas and liquids to perform the actual artificial lift, removing downhole equipment from the equation.

March 9, 2020

People , Artificial Lift

Ambyint Adds New CFO Blake McLean To Leadership Team

Ambyint, the leader in AI-powered production and artificial lift optimization, has appointed Blake McLean to its executive leadership team as CFO.

March 2, 2020

Digital Oilfield , Completions , Artificial Lift

Ambyint Secures $15 Million To Expand AI-Powered Production Optimization

Ambyint, the leader in AI-powered production and artificial lift optimization, revealed on Feb. 4 a $15 million Series B funding round led by Cottonwood Venture Partners with additional investment from Mercury Fund and Ambyint’s management team.

February 4, 2020