Reveal Energy Services signs first operator volume agreement
Houston-based Reveal Energy Services has signed its first operator volume agreement with Arsenal Resources, a pure-play natural gas operator in the Marcellus’ West Virginia Core. Pittsburgh-based Arsenal has agreed to validate the completion designs of its 2018 wells with Reveal Energy’s pressure-based fracture maps.
Reveal Energy’s fracture maps – which the company said is industry’s newest approach to validating completion design – quantify fracture half-length, height, asymmetry and azimuth. Solely using a surface pressure gauge that monitors a few stages at a time and a bridge plug, the map data allow operators to analyze hydraulic fracturing effectiveness without downhole tools, downtime or additional crew.
Arsenal first applied Reveal Energy’s fracture maps on a number of wells in 2017. A greater understanding of the induced fractures enabled the company to validate its completion designs. Following this initial success, the operator decided that having this information on its 2018 wells would be important.
“We entered into this agreement because we believe Reveal Energy Services’ new approach to fracture mapping provides us a cost-effective diagnostic measurement to enhance our 2018 completion operations throughout the year,” said Jon Sheldon, Chief Operating Officer of Arsenal.
The operator’s agreement will be fulfilled by the expanding Reveal Energy’s team of geoscientists and completion engineers that supervises well data processing, data interpretation and the fracture geometry report development. The team’s increasing expertise is another differentiator of the company’s overall pressure-based fracture map technology and five related services that operators have applied on more than 2,500 hydraulic fracturing stages throughout the US.
“We are sincerely appreciative of the confidence and trust Arsenal Resources has placed in our team and technology,” said Sudhendu Kashikar, CEO of Reveal Energy. “For the Arsenal Resources’ executives and completion engineers to believe that we’re an important part of their 2018 operations is a considerable vote of confidence, and we couldn’t be more pleased to dedicate internal staff members specifically to these ongoing projects.”