Denver-based Fracture ID has unveiled technology designed to measure and analyze vibrations as the drillbit crushes rock in an effort to improve frac stage and perf cluster placement.
In a news release, the company called its Drillbit Geomechanics a “low-cost solution for engineered completions.” The technology uses an industry standard downhole data logger to collect data from which measurements are made and fracture locations pinpointed.
Fracture ID CEO Chris Neale said Drillbit Geomechanics is used by E&Ps to “group similarly stressed rock so more fractures are initiated in every frac stage. This additional fracture surface area increases production rates and ultimate recovery with no negative impact on completions cost.”
Recommended Reading
Moda Closes Sale of Vopak Moda Houston Terminal Interest
2024-01-16 - Moda, backed by EnCap Flatrock Midstream, sold its joint venture interests in the terminal to Madrid’s Exolum.
Sunoco to Acquire NuStar Energy for $7.3B
2024-01-22 - Sunoco LP is adding scale and diversifying its portfolio with its acquisition of NuStar Energy LP, which is expected to close in second quarter 2024.
Enbridge Closes First Utility Transaction with Dominion for $6.6B
2024-03-07 - Enbridge’s purchase of The East Ohio Gas Co. from Dominion is part of $14 billion in M&A the companies announced in September.
SCF Acquires Flowchem, Val-Tex and Sealweld
2024-03-04 - Flowchem, Val-Tex and Sealweld were formerly part of Entegris Inc.
Pembina Cleared to Buy Enbridge's Pipeline, NGL JV Interests for $2.2B
2024-03-19 - Pembina Pipeline received a no-action letter from the Canadian Competition Bureau, meaning that the government will not challenge the company’s acquisition of Enbridge’s interest in a joint venture with the Alliance Pipeline and Aux Sable NGL fractionation facilities.