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
US Clears 2.6-GW Offshore New England Wind Project
2024-04-04 - Located south of Martha’s Vineyard off of Massachusetts, the project consists of the 791-megawatt New England Wind 1 and the 1.87-GW New England Wind 2.
First US Utility-scale Offshore Wind Farm Starts Operations
2024-03-14 - The 12-turbine, 130-megawatt South Fork Wind project is a joint venture between Denmark's Orsted and New England-based electric utility Eversource.
US Gives Final Green Light to Sunrise Wind Offshore Project
2024-03-26 - The approval by the Bureau of Ocean Energy Management solidified Ørsted and Eversource’s commitment to the project with both taking final investment decisions.
Equinor, Ørsted/Eversource Land New York Offshore Wind Awards
2024-02-29 - RWE Renewables and National Grid’s Community Offshore Wind 2 project was waitlisted and may be considered for award and contract negotiations later, NYSERDA says.
Energy Transition in Motion (Week of Feb. 23, 2024)
2024-02-23 - Here is a look at some of this week’s renewable energy news, including approval of the construction and operations plan for Empire Wind offshore New York.