American Oil and Gas Reporter - November 2016 - 109

IndustryFocus: Companies, People and Products
Sacgasco Now Operator
Of Multi-Tcf Prospects
PERTH, AUSTRALIA-Sacramento
Basin-focused conventional gas producer
and developer Sacgasco Ltd. has signed a
letter of intent to acquire Peregrine Ltd.
The company describes the transaction
as transformational, explaining that it provides an additional 35 percent working interest in and operatorship of the flagship
Dempsey and Alvares natural gas prospects
in California's Sacramento Basin.
"This transaction gives us a majority
working interest and operatorship of two
very significant and drill-ready, multitrillion cubic foot conventional natural gas
prospects," says Sacgasco Managing Director Gary Jeffery. "Now that we have
control of drilling these very compelling
prospects, we are 100 percent focused on
drilling the greater than 1.0 Tcf Dempsey1 prospect as soon as possible, with the
company targeting early 2017 for spudding.
Options also will be considered for the Alvares prospect, which has a best-estimate
recoverable prospective resource of 2.4
Tcf."
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CGG Receives Contract To Survey Pemex Subsalt
PARIS-CGG has been awarded a
contract by Pemex to deliver an
orthogonal, wide-azimuth, integrated
solution designed to optimize subsalt
seismic imaging in the geologically
complex deep waters of the Perdido area
in the Gulf of Mexico.
A wide-azimuth survey, covering 10,000
square kilometers, will be acquired perpendicularly over the data CGG acquired
in 2010, the company says. Imaging of
this large-scale dataset for Pemex is expected
to significantly improve illumination of
the targets beneath the complex salt canopy,
CGG describes.

Danos Expands Facility To Serve Permian Basin
GRAY, LA.-Danos, a family-owned
and managed oil field service provider, announces it is expanding its Permian Basin
footprint by adding office and shop space
in Midland. The company says the expansion
will make its full range of service offerings
available to area customers.
In addition to production services, the

Rubicon Acquires Logan To Offer Production Tool
HOUSTON-Rubicon Oilfield International reports it has acquired the outstanding
common shares of Logan International
Inc., which it describes as a leading global
supplier of oil-field intervention and production tools.
Rubicon says the transaction gives it a
platform for delivering well production
solutions, complementing its portfolio of
well construction products. Backed by a
significant capital commitment from private
equity firm Warburg Pincus, Rubicon says
it will invest to accelerate growth of all
Logan product lines and leverage its worldwide organization to enable Logan employees around the globe to deliver even
greater value to customers.
"We have worked hard to establish ourselves as a leader in fishing and production
tools, and I believe Rubicon will continue
this leadership position and further expand
the Logan offering and global footprint,"
says Dave MacNeill, Logan's chief executive
officer.
"We are extremely excited by the opportunities this transaction creates, and
welcome Logan's extraordinary employees
and industry-acclaimed products to Rubicon," enthuses Mike Reeves, Rubicon's
president and CEO. "Together, our extraordinary culture, commitment to customer

The survey will begin early in 2017,
with delivery of Fast Trax prestack depth
migration reverse time migration results
by the end of the year and full production
processing results in 2018, CGG says. The
data will be processed in CGG's Villahermosa, Mexico, and Houston subsurface
imaging centers.
"CGG is proud to have been selected
to conduct Mexico's first offshore orthogonal
wide-azimuth program to address the significant imaging challenges relating to the
presence of complex geology and salt
structures in the deepwater Perdido area,"
comments Jean-Georges Malcor, CGG's
chief executive officer.
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service, and dedication to practical innovation will continue to deliver compelling
value to customers around the world."
For information, visit www.rubiconoilfield.com.
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company says its new Midland location, at
1501 W. Francis Ave., now offers construction
and automation services, including instrumentation and electrical, construction and
maintenance, control and system integration
elements, and cathodic protection services.
The new facility has 7,000 square feet
of office, warehouse and shop space, Danos
reports. The Midland location hosts more
than 200 field employees and a dozen support staff. In the coming months, the company says it expects to continue building
its presence by hiring construction, automation, production services, clerical and
human resource workers.
For information, visit www.danos.com.
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Pad Sleeve Bypass Plunger Ideal For High-Flow Wells
FREDERICK, CO.-To help operators
reduce or eliminate
shut-in times and increase production,
PCS Ferguson® announces the industry's
first pad sleeve bypass
plunger.
With faster fall
times, PCS says the
plunger makes more
trips. It adds that the
pad offers more controlled travel times
than traditional sleeves
and allows for a tighter
seal in wells with tubing irregularities.
The pad sleeve bypass plunger has
proven effective in

field tests, PCS assures. For example, in
a Bridgeport, Tx., well producing five
barrels of oil and 500 Mcf of gas a day,
it replaced a traditional nine-inch sleeve
and stainless steel ball. The well had a
depth of 6,760 feet and slight tubing irregularities, the company notes.
After three months, the new plunger
traveled 4,735 round trips in the well,
consistently running at 11.5 minutes a
trip, PCS relates. It increased oil production 40 percent and gas production
10 percent, the company says.
For
information,
visit
www.doverals.com/pcsferguson.
❒
This is the industry's ﬁrst pad sleeve bypass plunger, provider PCS Ferguson® says.
With fast fall times and a tight seal in the
highest ﬂowing wells, the company says it
can improve daily production signiﬁcantly.

NOVEMBER 2016 109

American Oil and Gas Reporter - November 2016

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