Industrial manufacturing company StimStixx Technologies Inc. has entered into a strategic partnership with Hunting Titan Inc., a manufacturer of logging and perforating equipment, to advance well perforation and acidization technologies, according to a Feb. 6 news release.
Synergies between StimStixx and Hunting will enable the increased treatment of more wells annually, StimStixx said in the release. The increased scale of operations will also “significantly” reduce costs associated with the acidizing processes in the oil and gas industry.
StimStixx said its custom blends of hydrogen chloride and hydrogen fluoride tools will be available to clients to acidize new perforations as well as existing intervals to increase production.
The collaboration will extend StimStixx Technologies’ global distribution network and “foster development of integrated acidizing and perforating technologies,” StimStixx said in the release.
“We are excited to be working with Hunting Titan Inc., providing cutting-edge technology that not only makes wireline a full-service solution in the industry but also aids in the efficiency and expediency of the process,” said Jordan Brennan, StimStixx president and CEO.
Jason Mai, managing director of Hunting Titan, said the partnership will enhance operational efficiency and scalability for well perforation and acidizing.
Mai said the collaboration “not only contributes to significant cost reduction but also aligns with sustainability goals, marking a pivotal advancement in the completions sector. The industry can expect improved wireline services, greater efficiency, and streamlined processes."
Recommended Reading
DUG GAS+: Chesapeake in Drill-but-don’t-turn-on Mode
2024-03-28 - COO Josh Viets said Chesapeake is cutting costs and ready to take advantage once gas prices rebound.
Heard from the Field: US Needs More Gas Storage
2024-03-21 - The current gas working capacity fits a 60 Bcf/d market — but today, the market exceeds 100 Bcf/d, gas executives said at CERAWeek by S&P Global.
CERAWeek: Two Minutes with EQT’s Toby Rice on Energy Security
2024-03-22 - EQT Corp. President and CEO Toby Z. Rice spoke to Hart Energy on March 20 on the sidelines of CERAWeek by S&P Global to discuss natural gas infrastructure bottlenecks, energy security and the company’s advances on LNG.
Commentary: Fact-checking an LNG Denier
2024-03-10 - Tampa, Florida, U.S. Rep. Kathy Castor blamed domestic natural gas producers for her constituents’ higher electricity bills in 2023. Here’s the truth, according to Hart Energy's Nissa Darbonne.
TC Energy Preparing for Natural Gas Demand Surge
2024-05-06 - TC Energy executives expect data centers in Wisconsin and Virginia to drive as much as 8 Bcf/d of natural gas demand for power generation.