Pittsburgh-based CNX Resources (CNX) said on Wednesday it would be partnering with Deep Well Services (DWS) to launch a new oilfield service company.
The joint venture, AutoSep Technologies, will provide step change improvement to conventional flowback operations, the companies said. AutoSep will benefit from the technological development capabilities of CNX while taking advantage of the service quality standard DWS provides to the industry, officials said. AutoSep will be operated by DW and leverage CNX technology.
“Leveraging CNX’s proprietary and patent pending technology, AutoSep’s flowback solution simplifies and automates this early production phase significantly, reducing the footprint, hard iron connections, manpower required, and any inherent safety risks involved in performing such tasks,” David Mulvihill, Chief Strategy Officer of Deep Well Services, said. “Additional 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. This also automates data collection, allowing customers to access data in real-time through DWS’s industry leading BoreSite® system.”
The venture’s first product offering will be an automated flowback system for modern, high-rate, and erosive unconventional shale wells. The highly compact system can be deployed in a fraction of the time and requires less labor, officials said. The system also reduces costs, improves safety, and lowers the environmental impact associated with conventional flowback operations.
“CNX has been hard at work developing proprietary, game-changing technologies and processes to advance the state-of-the-art across the industry,” Ravi Srivastava, President of CNX New Technologies, said. “With this collaboration, DWS and CNX are unlocking step change improvements in completions operations that check all the boxes – lower emissions, lower costs, and a safer process. Successful tests have been conducted on several recent CNX flowback operations, and we see enormous market potential for this solution and are excited to begin promoting the benefits of this new, innovative oilfield service across the U.S. and beyond.”