Page 13 - NorthAmOil Week 34 2021

NorthAmOil NEWS IN BRIEF NorthAmOil

SERVICES MOVES ENERGY TRANSITION

NexTier teams with Silixa Esperanza Capital Partners SoCalGas to use Gas

to launch IntelliStimSM announces new energy Mapping LiDAR™ to reduce
frack optimisation system, investment platform methane emissions

completes first project in Esperanza Capital Partners is pleased to In a bold leadership move to increase safety
and reduce emissions, the nation’s largest gas
announce the formation of its inaugural
Mid-Continent Region energy investment platform, founded by distribution utility, Southern California Gas
Company (SoCalGas), recently signed an
Managing Partners David M. Dunwoody,
NexTier Oilfield Solutions today announced Jr. and William H. Goodwin alongside agreement for $12mn with high-tech laser
that the company has recently launched the investment firm Cockrell Interests. ECP will company, Bridger Photonics, Inc. (Bridger).
IntelliStim fracturing optimisation system target the acquisition of high-quality energy The company is using Bridger’s Gas Mapping
and has completed its first project for a major and infrastructure assets located in the US LiDAR to detect, pinpoint, and quantify
operator in the Mid-Continent region. Gulf of Mexico (GoM). methane emissions throughout SoCalGas’s
The proprietary IntelliStim system packages ECP is focused on assets which provide distribution area. While the EPA estimates
the full array of NexTier’s NexHub® digital investors with current cash flow yield and that the distribution sector accounts for 6%
technologies into a comprehensive, value-added providing creative solutions to current of the oil & gas industry emissions, methane,
offering. It will enable NexTier customers basin incumbents looking for a transition, the primary constituent in natural gas, is 84
to monitor every aspect of the completion a strategic or operating partner or a flexible times more potent than carbon dioxide as a
operation in real time, including detailed capital provider. Armed with long-duration greenhouse gas on short time scales.
downhole visualisations to verify that the capital partners, a unique investment SoCalGas’s mission is to be the cleanest,
fracturing treatment is performing as planned. structure and a track record of safely building safest, and most innovative energy company
Exclusive to NexTier, the system builds and operating a portfolio of offshore assets, in America. The company currently serves
upon the Company’s focused strategy of ECP is positioned to pursue the diverse set of over 21mn consumers with nearly 5.9mn
integrated wellsite operations that improve opportunities that exist in the offshore energy meters of natural gas pipeline in more than
wellsite performance and decrease oilfield sector. 500 communities.
operators’ ultimate cost per barrel. Using “We believe historical under-investment While SoCalGas already monitors
personnel already on location to quickly in the GoM provides a unique opportunity its service area each year with foot
deploy instrumentation, the system is for ECP to safely transition assets from patrols, consistently exceeding regulatory
designed to merge seamlessly and without larger operators to a focused, seller-aligned requirements, the company has chosen to
interruption in today’s high-efficiency investment platform with a clean structure proactively scan the remaining 80% each
fracturing operations. and balance sheet capable of substantial year using Gas Mapping LiDAR to further
From pre-job treatment design to offset scale,” said ECP Managing Partner William improve safety and reduce emissions.
well monitoring, stage-by-stage performance Goodwin. Helicopters equipped with LiDAR sensors
assessments and detailed visualisations Prior to ECP, Mr. Dunwoody was co- will fly over SoCalGas’s distribution area to
of downhole fracture propagation during founder and president of EnVen Energy, scan for methane emissions. After each day’s
pumping, all surface and downhole data will an independent operator in the GOM, and scan, Bridger will provide SoCalGas a digital
be hosted on the NexHub Digital Center and Mr. Goodwin was a Partner at Millennial map that shows gas plume images, pinpoints
displayed using the industry-leading Corva Energy Partners, an energy investment firm the leak source with GPS coordinates and
visualisation platform. This empowers all and direct asset manager. Further, while quantifies the detected methane emissions.
decision makers, whether at the wellsite or serving in their prior leadership roles, the SoCalGas will use this information to dispatch
from a remote location, with precise control principals closed multiple acquisitions appropriate crews straight to the emissions
to make dynamic adjustments to optimise of material scale with several oil and gas source to resolve the problem.
completion performance. super-majors. “Using this new technology is another way
The IntelliStim system uses Silixa’s “We look forward to combining the we are working to meet our commitment to
Carina® sensing system to assess frac-design operations and investment management reach net-zero emissions by 2045,” said Gina
performance in real time. The Carina system expertise of the ECP partnership to create Orozco, vice president of gas engineering
incorporates a Constellation fiber-equipped a unique and sustainable investment and system integrity at SoCalGas. “This
sensing wireline cable to cost-effectively model in our industry for decades to technology provides us with a critical early
monitor fracture growth, azimuthal come,” said ECP Managing Partner David detection system that can help us mitigate
development and cluster efficiency while Dunwoody. “Cockrell has deep roots leaks more quickly, while we also move to
pumping. With the ability to be repeatedly in the investment community and our use more lower and zero-carbon fuels to
deployed and retrieved in multiple offset industry, and we couldn’t imagine a better increasingly decarbonise our pipeline system.”
wells via a NexTier wireline truck, this proven partner for ECP.” Dr. Pete Roos, CEO and co-founder of
Silixa intervention solution achieves the most ESPERANZA CAPITAL PARTNERS, August 26, Bridger adds, “We are so proud and excited to
accurate measurements and highest signal-to- 2021 support SoCalGas’s leadership in improving
noise ratio in the industry. safety and reducing emissions with Gas
NEXTIER OILFIELD SOLUTIONS, August 23, Mapping LiDAR.”
2021 BRIDGER PHOTONICS, August 24, 2021

Week 34 26•August•2021 www. NEWSBASE .com P13