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Fantail Well Services, LLC

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Presentation on theme: "Fantail Well Services, LLC"— Presentation transcript:

1 Fantail Well Services, LLC
April, 2018

2 Improve Operating Margin
Why Use This Downhole Technology? Establishes Formation Drive More efficient recovery (1:1 recovery ratio) Increases Production 2-10X Light Oil, Heavy Oil, Gas, Liquids Solves Water, Sand & Paraffin Buildup Constant pull on reservoir, thus improves flow assurance and reduces downtime Lowers Costs Fewer workovers and lower operating and maintenance costs Improve Operating Margin

3 Comparison of Pumps in Marketplace
Current Technology New Technology Production Start/stop pull on reservoir Inefficient injection/return ratio Constant pull on reservoir – capable of 30+ inches of vacuum pressure Operating Efficiencies & Uptime Frequent replace and repair pump rods, bearings or ESP Regular workovers/acid jobs to clear residual build up in well bore or screens No moving parts downhole – long life expectancy Reduce buildup as pump continuously flushes paraffins, water, mud, sand from well bore Acid jobs or screen cleaning can be performed by reversing flow of surface pump Eliminates cavitation and vapor lock Capital Outlay Purchase or financing Pumping Jacks and ESPs Rental day rate option available Maintenance cost Rig or other expensive equipment required for maintenance Performed without the need for a rig; reverse pump flow Operating Cost Higher electricity consumption on a per boe basis Approximately 30% lower electricity consumptions per boe produced Increase Production approximately 2-10x

4 Economic Impact – Type Curve
Test wells are achieving a 2-10x production increase Accelerated production significantly increases asset value Example: -Accelerate production with no change to EUR -WTI at $65/bbl -3x production – NPV 10 increase by $1.8MM -6x production – NPV10 increase by $3.0MM -9x production – NPV10 increase by $4.0MM Revenue Increase over 3 years $6.8MM $5.4MM $3.2MM Accelerate Revenue and Improve Value


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