By using Cold Bore Technology Inc.’s SmartPAD to gain visibility into its completion operations, Hibernia Resources III reduced non-pumping time from an average of 8.91 hours per day to 4.19 hours per day. The operator also shaved 15 days off its 2020 campaign and saved $300,000 in fixed costs, Cold Bore and Hibernia report.
With a combination of sensors and proprietary state detection algorithms, SmartPAD tracks operations directly at the wellhead and connects all on-site service companies to a trusted source of formatted and timestamped operational data, Cold Bore describes. The company says access to high-resolution data enables on-site teams to move away from traditional verbal communications and manual data recording to track and refine operations in real time.
“Throughout (2020), our goal has been to consistently drive our internal teams and the trusted group of service companies we work with to refine our processes and advance how we operate as a unit.” says John Blevins, Hibernia’s chief operating officer. “We have dedicated ourselves to tracking and capturing previously invisible lost time. The improvements in efficiency and resulting cost savings we, together with our service company partners, have been able to derive through having access to real time digital data have been notable.”
Blevins says Hibernia has replicated double digit percentage reductions in non-pumping time across multiple sequential pads while maintaining 100% on-site safety.
Article Written & Posted by The American Oil & Gas Reporter
