Page 19 - NorthAmOil Week 50 2020

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leveraging our enhanced footprint to better Intelie Live has enabled operational sheet, renewed
serve our customers.” efficiencies at ProPetro by reducing costly
“The acquisition of Fryoux Tankerman downtime, identifying anomalies, and commitment to serving
Service furthers our commitment to optimising predictive maintenance for capital
providing a steady supply of professional, equipment. With the ability to analyse the customers
well-trained tankermen to meet the needs of overall performance of heavy machinery in
our customers,” said PSC Vice President of real-time, Intelie Live plays an integral role in Permian Tank & Manufacturing, today
Marine Operations Josh Dixon. “Tankermen unlocking efficiencies at the wellhead. announced it has been acquired by New
staffing shortages can create costly supply “We have been using Intelie for more Permian Holdco, resulting in a successful exit
chain delays, and with the combination of than a year and are very impressed with the of Chapter 11 bankruptcy proceedings for the
these two industry leaders, our customers can results. It’s been a valuable tool in enhancing company’s operations. The sale was supported
rest assured knowing PSC is ready to answer the services we deliver to our customers,” by Permian Tank’s current lender, who
the call whenever and wherever a tankerman said Adam Muñoz, Senior Vice President of provided incremental financing to strengthen
is needed.” Operations,” This Artificial Intelligence-based the company during the transition and has
“PSC’s track record of success and service solution, along with RigNet’s secure managed committed to provide additional growth
excellence is unmatched in the industry,” communications services, has helped capital.
said Fryoux. “With the size and scope of the ProPetro strategically enhance equipment The buyer, New Permian Holdco will
company’s marine and plant operations, I’m monitoring capabilities.” continue to provide its industry leading
excited about the opportunities our employees Ricardo Clemente, Vice President of tanks and vessels throughout the Permian,
will have moving forward as members of the Business Development for Oil and Gas Eagle Ford, Bakken and other major US
PSC family.” for RigNet and Co- founder of Intelie, plays. Additionally, New Permian has made
PETROLEUM SERVICE CORPORATION, commented, “We are very excited that a strategic investment in the Company’s
December 15, 2020 ProPetro has extended their commitment modular unit and skidded systems production
to use Intelie’s suite of solutions to enhance capabilities. The company believes its ability
RigNet’s Intelie to continue their operations. As we expand our reach to offer a one-stop, turn-key solution provides
to other customers in the industry, this is a
an immediate growth catalyst as the oil field
to optimise fracturing true testament to the value Intelie brings to services sector continues a broad push toward
our clients. By stacking Intelie Live for frack
margin improvement coming out of 2020.
operations at ProPetro operations with our secure communications, said: “Permian Tank continues to focus on
Michael Haynes, company president,
our industry-leading machine learning
under new contract analytics continues to deliver results that engineering and manufacturing best-in-
boosts both the top and bottom line.”
class products for its customers. Our newly
extension RIGNET, December 15, 2020 engineered, high-specification integrated
solution offerings provide our customers with
RigNet today announced the extension of its a simplified supply chain through a single
contract with ProPetro Services a subsidiary MOVES point of contact that delivers a lower cost and
of ProPetro Holding Corp., a leading provider higher efficiency end-product. We remain
of hydraulic fracturing services in North Permian Tank & committed to our employees and customers
America. Throughout 2021, ProPetro will and have emerged from this process stronger
leverage Intelie Live, RigNet’s ultra-secure, Manufacturing exits than ever as we continue to position Permian
intelligent networking solutions for upstream Tank for long-term success.”
oil and gas operations. Intelie Live provides Chapter 11 with a PERMIAN TANK & MANUFACTURING, December
a powerful machine learning based analytics 14, 2020
platform and will continue to augment strengthened balance
ProPetro’s highly efficient hydraulic fracturing
operations.

Week 50 17•December•2020 www. NEWSBASE .com P19