Permian Basin oil and gas producer Parsley Energy achieved a 22-percent gain in efficiency in its most recent quarterly review after fully digitizing its completions operations, Cold Bore Technology Inc. reported this week.
“About five years ago, we made efficiency a priority,” Agustin De Fex, Parsley’s senior manager for completions, remarked in a written statement emailed to Rigzone.
The efficiency improvement followed Parsley’s integration of Cold Bore’s “SmartPAD” completions operations system, according to Cold Bore. The company stated that its technology incorporates valve positioning, pressure monitoring sensors, field data collection systems and proprietary software to provide “ultra high resolution” hydraulic fracturing data with analytics.
https://www.rigzone.com/news/permian_operator_fully_digitizes_completions_ops-19-jun-2020-162465-article/
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