American Oil and Gas Reporter - January 2017 - 132
IndustryFocus: Companies, People and Products
Zilift Uses Slim-line Cable
To Deploy, Retrieve ESP
ABERDEEN, SCOTLAND-Zilift has
achieved a world first by installing, operating and retrieving a slim-line cable-deployed electrical submersible pump under
live well conditions, the company relates.
The installation of the ESP, deployed
through 3½-inch tubing, was conducted
in a California well during November,
and included full wellhead termination
and pump operation, Zilift says.
The company describes the demonstration as game-changing, explaining that
in many parts of the world, rig costs are
the most significant factor in downhole
pumping economics. Zilift says the trial
shows that rigs are no longer essential to
ESP operations, saving rig costs and eliminating the deferred production that otherwise would occur when an ESP fails
and no rig is available.
For information, visit www.zilift.com.r
EnLink Divests Pipelines To Fund STACK Project
DALLAS-EnLink Midstream has agreed
to divest its 31 percent common ownership
interest in Howard Midstream Energy Partners LLC, and has closed a separate transaction to sell 140 miles of natural gas transportation pipelines in the Barnett Shale.
The two transactions' net proceeds total
$275 million, EnLink reports. The company
says they will fund the majority of expected
equity needs for its 2017 capital expenditures, including the $100 million Chisholm
III facility and the first installment payment
of $250 million related to its January 2016
acquisitions of certain subsidiaries of Tall
BJ Services Relaunches As Stand-Alone Company
HOUSTON-Baker Hughes Inc., CSL
Capital Management and West Street Energy
Partners (WSEP), a fund managed by
Goldman Sachs, announce they have agreed
to create a pure-play North American land
New Solution Eases Use Of Data-Gathering Drones
SAN JOSE, CA.-To help clients leverage drone technology, AeroVironment
Inc. reports it has unveiled an integrated
commercial information solution that
combines the Quantix™ drone with its
Decision Support System™.
According to the company, which
notes it is the leading drone supplier to
the U.S. Department of Defense, the
Quantix drone marries the safety advantages of vertical takeoff and landing with
the range, reliability and efficiency of
fixed-wing aircraft.
AeroVironment says operating the
drone requires only three simple steps:
* First, the operator traces a finger
over a map on the tablet control device
to indicate the area of interest.
* Second, the system guides the operator through a simple, automated preflight check to ensure a safe, reliable
mission.
* Then the operator presses the "fly"
button and Quantix does the rest, including
performing a detailed built-in test pro-
Oak Midstream LLC.
The Chisholm III project will increase
processing capacity at EnLink's Central
Oklahoma system by 200 million cubic
feet of gas a day, EnLink describes. When
the project concludes, which the company
says is expected to occur by the end of
2017, the system's total processing capacity
will be 1 billion cubic feet a day, almost a
threefold increase since 2015. EnLink says
the expansion will help it support producers'
robust activity in the STACK play.
For information, visit www.enlink.com.r
cedure, optimizing its flight path for
maximum coverage, launching, and landing vertically after scanning hundreds
of acres with its color and multispectral
sensors.
The accompanying decision support
system (DSS) employs advanced algorithms to produce high-resolution datasets
and analyze valuable assets such as
pipelines and roads, AeroVironment says.
The company adds that the DSS has an
easy-to-use mobile interface and secure,
cloud-based data storage.
"Quantix and AV DSS provide our
customers the first truly one-stop, fullservice decision support system so they
can make smarter, quicker decisions that
will help increase their revenue and
reduce uncertainty and risk," summarizes
Wahid Nawabi, AeroVironment's chief
executive and president.
AeroVironment indicates it will start
delivering the drones this spring, with
preorders beginning in February.
For information, visit
http://avinc.com/cis.
❒
With its automated flight, vertical
takeoff and landing capabilities,
and long range, AeroVironment
Inc. says its Quantix™ drone can
quickly and easily acquire important data.
132 THE AMERICAN OIL & GAS REPORTER
pressure pumping company.
The new company will operate under
the BJ Services brand and will be headquartered in Tomball, Tx., Baker Hughes
details. BHI says it will contribute its
North American land cementing and hydraulic fracturing businesses, while CSL
will contribute its Allied Energy Services
platform, which provides hydraulic fracturing and cementing services on land in
North America. In addition, CSL and
WSEP together will contribute $325 million
in cash, with $175 million going to the
new company and the remainder going to
Baker Hughes.
"With a strong balance sheet and deep
operational expertise, the new company
will benefit from a sharp focus on pressure
pumping to respond quickly to market dynamics and better serve customers," says
Martin Craighead, chairman and chief executive officer of Baker Hughes. "In line
with our asset-light strategy, this ownership
model enables Baker Hughes to participate
in the North American land pressure pumping market, while reducing capital intensity
and maximizing shareholder value."
Warren Zemlak, president and CEO of
Allied Energy Services, will serve as BJ
Services' CEO.
"The combined company will have 1.9
million hydraulic horsepower and more
than 240 cementers, and an owned-facility
footprint throughout North America to
serve our customers in all basins," he says.
"We look forward to renewing the BJ Services legacy and utilizing our experience
building highly reliable teams and efficient
operations to create a North American
pressure pumping leader."
For information, visit www.bjservices.com.
r
American Oil and Gas Reporter - January 2017
Table of Contents for the Digital Edition of American Oil and Gas Reporter - January 2017
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