E&P Spotlight: Enabling the Vision of Dynamic Gas-lift Optimization
With increased and improved data collection, gas-lift optimization can be automated across the full field and lead to operational discoveries that make an economical lift type even more cost effective.
Weatherford Inks $15 Million Artificial Lift Deal in Argentina
Weatherford International Plc has been awarded an exclusive two-year, $15 million contract with a major independent operator in Argentina on July 22.
2020 Artificial Lift Technology Showcase
In this annual technology showcase, Hart Energy highlights the latest technologies from 15 companies and how these service companies aim to address operator challenges while meeting production requirements efficiently.
DeepStar Awards Magnetic ESP Project to Upwing Energy, Mitsubishi
Upwing Energy, an artificial lift technology company, and Mitsubishi Heavy Industries (MHI), one of the world’s leading industrial firms, have been awarded the next phase of the magnetic drive system (MDS) project by DeepStar, a global offshore research and development consortium, on June 24.
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.
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.
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.
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.
Artificial Lift: Optimizing Lift for Small-diameter Wells
An ESP system features an electromagnetic design and better efficiency as production rates decline.
Artificial Lift: More Production, Less Intervention
Digital intelligent artificial lift technology simultaneously enables enhanced recovery from dual-string gas-lift wells.