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April 07, 2011

QuickFRAC will enable faster and more profitable horizontal oil drilling

Packers Plus Energy Services Inc. is releasing a new technology capable of fracturing 60 stages downhole while only pumping 15 treatments at surface. This new system, called QuickFRAC®, is the first of its kind in the industry. The QuickFRAC® system is a set of tools capable of simultaneously stimulating multiple stages with a single fracture treatment (batch fracturing).

Petrobakken director Dan Themig on March 18, 2011, purchased roughly $900,000 worth of Petrobakken shares. Petrobakken is a heavy user of multistage horizontal fracturing. Themig wasn’t the only insider buying, as CEO Wright and a couple of others did as well. Themig is the founder and president of Packers Plus which is the company that created the fracking technology (working with Petrobakken) that “cracked the code” in the Saskatchewan Bakken. In other words he is the foremost expert on fracking in the Bakken.


"QuickFRAC is a great technology that has met the need for increased number of stages in formations such as the Bakken, the Horn River, and the Montney as well as many others," said Dan Themig, President of Packers Plus.

"QuickFRAC allows the operator to do the job of pumping 15 stages on surface while Packers Plus does the job downhole, providing as many as 60 individual stages. This is done by taking a single pumping treatment on surface and precisely directing it into 2-5 stages downhole. For the operator, pumping time and costs are reduced significantly and production results are greatly increased," Themig added.

The QuickFRAC system is a technology that enables operators to increase the number of fractures in a single treatment operation. This system has been successfully trialed in the field, and is now commercially available. Using limited entry diversion techniques and our proprietary technology, the QuickFRAC system allows you to fracture several isolated stages at one time through a process known as batch fracturing. For each treatment zone, the QuickFRAC system includes a number of QuickPORT™ sleeves flanked by RockSEAL® II packers. This configuration creates multiple, individually isolated stages within a single treatment zone. Each treatment zone is activated by an actuation ball, which is available in multiple sizes, enabling several batch fracturing zones to be stimulated in succession with the biggest ball size at the top.

Through a detailed process of research and development and by using consistent pumping rates, this new system will evenly distribute the batch fractures in a select zone of the wellbore, thus greatly reducing water usage.

Technology

* Flexible design enables optimization of fracture treatment
* Fluid or proppant fracturing compatible
* System designed to prevent abrasion from sand fracturing
* One ball size activates multiple QuickPORT sleeves allowing for more stages

Advantages/Benefits

* Batch fracturing of multiple stages
* Faster completion times
* Reduced fracturing fluids
* Reduced costs
* Less environmental impact
* Enhanced near-wellbore conductivity due to reduced fracture fluid usage
* Improved fracture network creation due to increased rock stress from simultaneous fracture initiation

Link to a video on QuickFrac.


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