Deep Well Services (DWS) and CNX Resources Corp. are launching a new oilfield services joint venture (JV) company, AutoSep Technologies, the companies said on April 24.
The JV will combine CNX’s technological development capabilities with Deep Well’s service quality standers to provide automated conventional flowback operations to the oil and gas industry.
The partnership’s first product offering is an automated flowback system for modern, high rate unconventional shale wells, according to the press release. The companies said the new system can be deployed quicker and with less labor involved, as well as reduce costs, improve safety and lower environmental impact.
"Benefits include remote operation and monitoring through SCADA and closed-circuit cameras that feed to a central control center located outside of safety red zones,” David Mulvihill, chief strategy officer of Deep Well Services, said in the press release. “This also automates data collection, allowing customers to access data in real-time through DWS' industry leading BoreSite system."
AutoSep’s automated control unit eliminates methane emissions with a fully sealed flowback, including sand trap blowdowns, as well as during simultaneous operations. AutoSep will be a standalone company operated by DWS.
Recommended Reading
New Permian Math: Vital Energy and 42 Horseshoe Wells
2024-05-10 - Vital Energy anticipates making 42 double-long, horseshoe-shaped wells where straight lines would have made 84 wells. The estimated savings: $140 million.
Magnolia Bolts-on 27,000 Acres in South Texas’ Giddings Field
2024-05-09 - Magnolia Oil & Gas said it paid $125 million to a private operator to acquire the acreage, which has minimal production.
Tetra Tech Acquires Convergence Controls & Engineering
2024-05-09 - Tetra Tech is acquiring Convergence Controls & Engineering to expand its digital water and energy offerings.
Energy Transfer Remains Hungry for M&A, Sees 1Q Oil Volumes Surge
2024-05-09 - Energy Transfer reported record first-quarter crude volumes and expects demand for petrochemicals to continue rising.
US Republican Attorneys General Sue to Stop EPA's Carbon Rule
2024-05-09 - The rule, finalized by President Joe Biden's administration last month as part of an effort to combat climate change, was challenged in three lawsuits filed in the U.S. Court of Appeals for the District of Columbia Circuit.