Flogistix to Present Upstream Analytics Insight Alongside Chevron, Marathon and Anadarko

Upstream operators and technology providers will be gathering for the Data Driven Production Conference (7-8 June, Houston) to leverage this opportunity. Operators which will be sharing insight on their digital programs include Statoil, Chevron, Shell, Anadarko, Murphy, ConocoPhillips, Noble, Exco, Marathon. They will be meeting with technology providers like Flogistix, with solutions to their operational challenges.

With the current climate leading to OPEX cuts and reduced staff, there is an increased pressure on all operators to have more lean production operations in order to remain profitable. Under such circumstances, operators like Chevron, Marathon and Anadarko are increasingly seeing the value of leveraging technology to allow them to stay afloat and are partnering with companies like Flogistix.

The benefits of leveraging digital technology are clear: by ensuring the right data is delivered to the right people at the right time, operations staff are able to make more effective decisions which will have a positive impact on their production. As BP recently wrote: a time of lower prices, revenues and capital spending, digital technologies – including sensors, data analytics and automated systems – stand out as the leading contributors for reducing costs.

Key areas of focus for operators to reduce costs lie in running effective remote operations centers, leveraging data and software to give them operational visibility. Another key priority is in leveraging analytics and IOT to understand the condition of their equipment and prevent failures, therefore cutting costs.

Analysts forecast the global big data market in the oil and gas sector to grow at a CAGR of 30.67% during the period 2016-2020 and Rigzone recently declared that big data scientists and software engineers were one of the few job opportunities set to grow in oil and gas. All of these facts point towards an area of the industry which continues to provide opportunities to operators and service companies alike during tough times.

Key Highlights of the Data Driven Production Conference (7-8 June, Houston)

  • Network with 200 other data driven experts from the upstream and digital community.  Companies on board include Chevron, Shell, Anadarko, Flogistix and more
  • Exclusive insight from Anadarko, Murphy Oil and Exco into their success and challenges in running their onshore Remote Operations Centers
  • Insight into the analytics programs from Chevron and Noble Energy- understand how they are optimizing production and making the analytics ‘buzz’ word a reality
  • Hear from the most cutting edge technology companies, with analytics solutions such as Flogistix
  • The event is already 30% up in attendance on last year, with Marathon, Apache and Chevron all sending large delegations

For more information or for queries about the conference, please contact:

Leonie Harper
Project Director – Data
Upstream Intelligence
7-9 Fashion Street | London E1 6PX
tel. +44 (0)20 7375 7560
toll free US. +1 800 814 3459 ext 7560
e. lharper@upstreamintel.com


Oklahoma City-based Flogistix launches Downhole Services division

COMPANY OFFERS CAPABILITIES UNIQUE TO MID-CONTINENT, INCLUDING COMPOSITE COILED TUBING AND NITROGEN PUMPING

OKLAHOMA CITY (March 24, 2016) – Flogistix, LP, a leading manufacturer and well optimization service provider to the domestic onshore oil and gas industry, recently launched a new Downhole Services division. The Oklahoma City-based company now offers services including composite coiled tubing, steel tubing, nitrogen membrane service, artificial lift installation, and purging and pressure testing of vessels at gas plants and pipelines. Flogistix will have unique capabilities in the Mid-Continent with this type of equipment.

“Downhole services are a perfect complement to our existing offerings at Flogistix and will provide efficiencies and cost-savings for our clients,” said Mims Talton, CEO of Flogistix. “We are always looking for ways to improve our clients’ well productivity, and this state-of-the-art technology and equipment will continue to set us apart from the competition.”

A particular differentiator for the Flogistix Downhole Services division are the composite coil tubing unit (CCTU) and nitrogen membrane unit (NMU).

The CCTU provides safe and efficient live well intervention, simple mobilization and rig-up, and the ability to circulate fluids while moving tubing up and down inside the wellbore. CCTU applications include well unloading, cleanouts, spotting chemicals (such as acid), sales and installation of low horse power electric submersible pumps, and gas lift/velocity strings.

“The CCTU is typically a fraction of the cost of conventional coil tubing units,” Talton said. “It is smaller in size and weighs less, making it more nimble than conventional coil units and allowing it to be transported without weight permits. Further, the composite tubing is less susceptible to stress cycle fatigue and reduces the risk of downhole failures and unnecessary replacement.”

On average, membrane nitrogen is half the cost of liquid nitrogen and is created by separating the nitrogen from the oxygen on-site, which makes the NMU more affordable, safer and

About Flogistix

Flogistix, LP is a leading manufacturer and well optimization service provider to the domestic onshore oil and gas industry. The company manufactures a large range of gas engine and electric driven compressors and pump systems and maintains a gas compressor fleet in excess of 2,400 units located throughout eight producing states. For more information, visit http://flogistix.com/.

 


White Deer Energy acquires majority equity stake in Flogistix, LP

ENERGY PRIVATE EQUITY FIRM BACKS PROVEN TEAM IN OILFIELD PRODUCTION OPTIMIZATION FIRM

OKLAHOMA CITY (December 15, 2014) – Flogistix, LP announced today that funds controlled by the energy private equity firm White Deer Energy has made a majority investment in the oil and gas production optimization company through acquiring all of the ownership interest previously held by affiliates of Natural Gas Partners.

Flogistix, which was founded in 2011, manufactures wellhead gas compressors designed to meet complex unconventional reservoir compressor and vapor recovery applications. Flogistix’s equipment and services are used to improve production rates, extend the useful life of a well, and increase proven reserves, as well as to reduce emissions and capture valuable vapors that would otherwise be vented or flared. With industry leading compressor control systems and a proprietary Multi-Stream system that enables companies to target and control multiple sources of gas at various pressures, Flogistix provides production optimization services for some of the largest major and independent oil and gas producers in the world.

The company manufactures a large range of gas engine and electric driven compressors and fluid pump systems and maintains a gas compressor rental fleet in excess of 1,700 units.

“We are very excited to be working with White Deer because of their energy industry expertise, and their experience with companies at later stages of development,” said Flogistix President and Chief Executive Officer Mims Talton. “We have attained significant growth and profitability in our first four years and are confident this investment will be great for both the Flogistix management team and White Deer.”

Flogistix, LP is currently focused on significantly increasing its manufacturing capacity to further service their customers’ needs.

“This is a big market with very high demand,” said Joe Bob Edwards, Partner at White Deer Energy. “We look forward not only to Flogistix’s continued growth with its popular FX Series Multi-Stream production optimization and vapor recovery systems, but also the success of the many customers who will benefit financially while becoming completely environmentally compliant.”

About White Deer Energy: White Deer Energy is an energy private equity firm focused on the exploration and production, oilfield service and equipment manufacturing, and midstream sectors of the oil and gas industry. With $2.2 billion of capital commitments across two private equity funds, White Deer Energy is a long-term investor targeting equity investments of $50 to $150 million. With offices in Houston and New York, White Deer Energy has a combination of industry expertise and capital that makes it an attractive partner for rapidly growing energy companies.

About Flogistix

Flogistix, LP is a leading manufacturer and well optimization service provider to the domestic onshore oil and gas industry. The company manufactures a large range of gas engine and electric driven compressors and pump systems and maintains a gas compressor rental fleet in excess of 1,700 units located throughout eight producing states.

Contact:

Mims Talton
President and CEO, Flogistix, LP
405.536.0000

Joe Bob Edwards
Managing Director, White Deer Energy
713.581.6908


U.S. falls from top spot among world oil importers

China this week surpassed the United States as the world’s largest oil importer, according to a report released
this week by the U.S. Energy Information Administration.

 

By Adam Wilmoth (/more/Adam Wilmoth) (https://plus.google.com/103410491206050371764?rel=author) Modified: March 28, 2014 at 11:00
am • Published: March 27, 2014

 

We’re no longer No. 1. And that’s a good thing.
The U.S. Energy Information Administration confirmed this week that China in September surpassed the United States as the world’s
top oil importer. The report further highlights how the tight oil boom throughout the country in less than five years has reversed
decades-long trends and upended long-held beliefs about world energy supplies.
The report shows domestic imports have dropped by more than a third in just more than
three years, falling to less than 6 million barrels per day, down from more than 9 million
barrels per day in early 2011. Of the remaining imports, more than half is from Canada and
Mexico.
Another EIA report this week also points to how tight oil is affecting domestic and global oil
markets. The agency data shows that in the fourth quarter of 2013, the United States
represented 10.4 percent of the world’s total oil production and that more than 40 percent
of the country’s oil came from shale and other tight oil formations.
This week’s reports echo the domestic oil industry’s emphasis on how increased oil
production throughout the United States has significantly reduced domestic demand for
crude from the Middle East.
But they also raise questions about the sustainability of the trend.
China surpassed the United States in imports far more because U.S. demand for foreign crude dropped than because Chinese demand
increased. While imports into the United States have tumbled by more than 3 million barrels a day over the past three years, imports to
China are up by less than 1 million barrels a day.
For now, that’s good news for producers and consumers alike.
Just a few years ago, global demand and global production were almost equal. In that world, even the hint of unrest in the Middle East or
other key parts of the world was enough to send global oil prices surging.

Today, however, increased U.S. oil production has created a cushion. When the United
States and its allies imposed sanctions on Iranian oil sales, prices held fairly constant. When
Russia invaded and claimed Crimea from Ukraine, prices jumped slightly for a day or two
before quickly returning to pre-invasion levels.
The cushion is helpful in limiting price spikes, but if U.S. oil production continues to outpace
global demand, that eventually could lead prices to fall.
Few consumers would complain if prices slipped a bit — they have been at or near record
highs for much of the past three years.
But a prolonged price drop could threaten the recent growth.
Tight oil production is expensive. It’s not uncommon for a single well to cost between $8 million and $12 million. At that rate, production
could be scaled back if oil prices fall too much.
Domestic producers say oil will continue to be a global commodity priced on a global market. They are convinced global demand will
continue to grow as Asian economies strengthen. That’s also a large part of why they are pushing Congress to end its ban on domestic oil
exports.
Whatever happens, it’s a far different world today than just five to 10 years ago when M. King Hubbert’s disciples were preaching the
end of oil

 

Wilmoth, Adam. “U.S. Falls from Top Spot among World Oil Importers.” NewsOK.com. The Oklahoman, 27 Mar. 2014. Web. 28 Mar. 2014.


America’s Oil and Gas Leverage

The U.S. has more responses to Vladimir Putin’s adventure in the Crimea than no-options caucus suggests, including a few that weren’t possible even a few years ago. Namely, a President with a keener strategic mind would unleash North American oil and gas on the world.
The Putin regime controls the taps for as much as a third of Europe’s natural gas imports, including half of Ukraine’s and 39% of Germany’s. The European Union is less dependent now on the trans-Ukraine pipeline system than it was when Russia choked back supply in 2006 and 2009, but the U.S. oil and gas revolution could continue to shift the balance of energy power.
Begin by approving the Keystone XL pipeline. The $5.3 billion, 1179-mile project would pump 830,000 barrels of crude per day from Alberta to Oklahoma interconnections and then on to Gulf Coast refineries. Canadian oil producers and U.S. drillers on North Dakota’s Bakken Shale need more access to these refining markets, where they can displace higher-priced overseas oil imports. The economic and even environmental case for the Keystone has been clear for more than five years, as the State Department’s multivolume studies attest. The project is currently under a 90-day State-White House review under the pretense of determining if it is in the national interest, as if that is in question. But after the last week, the strategic case for approval is even more obvious.
An added benefit is that by disappointing his climate-obsessed financiers, Mr. Obama might restore some of his international credibility. If he won’t defy San Francisco billionaire Tom Steyer, why would anyone think he’ll confront a thug like Mr. Putin?
A President less sentimental about energy politics would also expand America’s oil and gas trade. This year the U.S. petroleum exports will reach a six decade high and could be increased much more. The U.S. retains a ban on crude oil exports from the 1970s energy crisis, and this is becoming a problem for the “light tight oil” extracted from the Bakken and Eagle Ford formations. Domestic refiners are more geared toward heavy crude, and the mismatch is creating backlog and thus less production.
Alaska Republican Lisa Murkowski of the Senate Energy Committee and Speaker John Boehner say the executive branch has the statutory authority to waive the export embargo, and Presidents of both parties have done so in the 1980s. Mr. Obama could set the ban aside with an executive order in the national interest.
A serious President would also fast-forward permits on new liquefied natural gas terminals that could ship to Europe. The EU wants unlimited U.S. LNG exports as a part of the EU-U.S. trade negotiations. The U.S. has surpassed Russia to become the world’s largest gas producer as supply outstrips domestic demand, and exporting more would be a win for the U.S. economy and global interests.
The obstacles are greens who oppose anything that expands the fossil fuels market, while some big business leaders and protectionists fret about higher domestic prices. The Energy Department is bowing to these opponents in the name of what it calls “the public interest” by processing LNG applications “case by case”, which is the bureaucratic term for forever. More than 20 cases have been pending for over a year, with only six approvals since 2011.
The economic reality is that exports – for crude oil and natural gas—create incentives gar stimulate more drilling and this more jobs and income. As global supplies increase, global prices are more likely to decrease. The geopolitical case us now overwhelming.
Cheap, abundant American resources have helped lower global prices and reduce volatility, and this strategic asset could be turned to increase the pressure on Mr. Putin. He feeds his kleptocracy and client states with petro dollars. U.S. exports would reduce the threat of energy blackmail, and if they reduced global oil prices they’d reduce his influence.
Exports help domestic growth and strengthen ties with allies, as a President more attuned to America’s place in the world would already have recognized. The question is whether Mr. Obama will continue to let his green donors trump U.S. economic and strategic interests.
“America’s Oil and Gas Leverage.” Wall Street Journal New York 6 March 2014  Published: Page 1. Print.


Unusual Allies on Green Legislation

In Colorado late last year, Noble Energy and Environmental Defense Fund, came together with two of the state’s other largest energy producers, Anadarko Petroleum Corp. and Encana Corp., to support new state and air regulations—the strongest rules governing oil and natural gas emissions in the U.S. We believe this rare and effective collaboration between what some might call unlikely allies represents a model for others to follow when developing regulations to effectively address air quality and climate change.

After input from a wide range of stakeholders—from local communities to other environmental groups and oil and natural gas companies—the Colorado Air Quality Control Commission adopted the new rules on Feb. 23 with minimal changes. The rules will protect air quality and public health, while enabling responsible, economic energy development. Adoption of these rules sends a clear message: Americans can have the energy they need, the economy they want, and the environment they deserve.

Natural gas is an abundant energy resource and economic driver for Colorado and the nation that offers promise from a climate perspective. When burned, natural gas produces about half of the carbon dioxide of coal, and far fewer conventional pollutants. And with burgeoning new supplies of shale gas reducing prices for the resource, the nation has seen a shift from coal to natural gas for electricity generation—a transition that has helped reduce carbon-dioxide emissions in the U.S. to the lowest levels since 1991.

How energy companies and environmentalists in Colorado found common ground.

However, the cleaner-burning advantage of natural gas can be undermined by venting and leaks in equipment used to produce and transport it. Natural gas is primarily methane, a powerful green-house gas, and contains volatile organic compounds that can cause smog. This pollution is one reason there has been opposition to the oil and natural gas development around the country. Yet in Colorado, environmental, industry and state representatives have demonstrated it is possible to work together to agree on strong safeguards and then put them in place, even over the opposition of those who say the rules go too far, or not far enough.

No regulation will please everybody. But keeping methane in the right pipe and out of the air is the right thing to do. Colorado’s newly adopted rules set forth science based, common-sense emissions-reduction measures. They will help the state curb tens of thousands tons of air pollution every year – equivalent to taking every vehicle in Colorado off the road. And they include several “firsts”:

  • Direct regulation of methane (some previous rules achieved methane reduction as a co-benefit of reducing other pollutants, but it was never targeted directly until now).
  • Dramatic reductions in “fugitive” emissions (equipment leaks) through the nation’s strongest leak-detection and repair program, which includes requirements for monthly inspection at the largest sources.
  • Statewide requirements apply not only to new wells but also to existing sources, which will be retrofitted with low emitting equipment.
  • Statewide requirements to target reductions from under regulated well-maintenance activities such as “liquids unloading”, when producing wells are cleared of water and other liquids inhibiting the flow of natural gas. 

Colorado already requires the state’s oil and natural gas producers to use technologies to control hydrocarbon emissions during the well-completion phase, rather than vent emissions as is allowed elsewhere in the U.S. The new rules build on that important foundation.

The members of the Air Quality Control Commission deserve enormous credit for the integrity and strength of the rules. So does Gov. John Hickenlooper for his vision and leadership in the building a collaborative process that developed something extraordinary for the state and its citizens.

We signed up to actively participate in this process because it’s the right thing to do for our communities, our economy and our way of life. We believe that energy companies have a responsibility to minimize risk risks and adopt leading practices. Industry, activists and the state have an obligation to ensure that companies develop, produce and transport oil and natural gas in the most responsible manner.

This collaborative effort is evidence of a new way of thinking and of doing business that can have meaningful implications for America’s energy future. Call it the Colorado can-do mind-set. It shows we’re serious about working together to create a healthier climate for business and environment, not just in Colorado, but throughout our increasingly energy-independent country.

Mr. Krupp is president of the environmental Defense Fund. Mr. Davidson is chairmen and CEO of Noble Energy.

 

Krupp, Fred and Charles Davidson  “Unusual Allies on Green Legislation” Wall Street Journal Washington 6 March 2014 Published: 1. Print. (Link)


Flogistix Announces Sustainability Initiative – Biogistix

Flogistix Thumbnail

Oil And Gas Optimization Company Takes Sustainability Seriously

OKLAHOMA CITY – Flogistix, LP, an oil and gas optimization service company has introduced Biogistix, a sustainability initiative that commits the company to environmental responsibility in every facet of operations.

“At Flogistix, we don’t just maximize resources, we preserve them for our planet and for future generations,” said Flogistix President and CEO Mims Talton. “That’s why we have introduced Biogistix, a comprehensive sustainability initiative designed to protect the earth and its natural wonders.”

Read More…


DEVON ENERGY TRIES TO MAKE MONEY BY FOLLOWING RULES

Journal Record

By Jay F. Marks – Devon Energy Corp. has managed to make the task of complying with new U.S. Environmental Protection Agency regulations into a moneymaking proposition in western Oklahoma. Devon Energy Corp. is using vapor recovery units, center, to capture emissions at this well pad near Geary. The captured gas can be sold rather than burned or vented into the air. Photo provided

The company has figured out a way to keep methane and other forms of carbon known as “volatile organic compounds” from leaking out of oil storage tanks in its operations in the Cana Woodford Shale. Devon is using vapor recovery units to compress the gas so that it can be placed into a pipeline to be sold. Otherwise, that gas would be burned off or simply leak out into the air.

“It keeps it out of the atmosphere,” said Jim Heinze, manager of production engineering for Devon’s Anadarko Basin unit. “It’s burned in somebody’s house.”

The EPA is cracking down on emissions of some volatile organic compounds, which can cause environmental or health problems.

Travis Dean, a Devon construction and facilities engineers, said new regulations that took effect last fall slashed the allowable amount of such emissions to 6 tons per facility. The limit had been 40 tons per facility, so oil and natural gas companies had their work cut out for them.

“Devon has a lot invested across the company to comply with these regulations,” Dean said. When possible, Devon now connects four well pads in the Cana to a single tank battery equipped with a compressor to prepare the vapor for sale. “If you can compress that gas, you can sell it and make money off of it,” he said.

Dean said Devon chose to work with Oklahoma City-based Flogistix in western Oklahoma because its vapor recovery units work well with low-pressure gas. He estimated Devon has been able to capture 99.86 percent of the emissions from its storage tanks in the Cana since adding those units.

Article Source: http://newsok.com/devon-energy-tries-to-make-money-by-following-rules/article/3753066


FLOGISTIX CHOOSES OKC FOR NEW CUSTOMER & EMPLOYEE SUPPORT CENTER

OKLAHOMA CITY, OK – Oil and gas service company, Flogistix, LP has opened it’s new Customer & Employee Support Center in Oklahoma City, it was announced today. New offices at 204 N. Robinson in downtown Oklahoma City will house senior management, marketing, production engineering and information technology personnel initially. “I could not be more excited about being back in business in Oklahoma City,” said Flogistix President and CEO Mims Talton. “Our city is perfect for building oil and gas service companies. It has the customer base, a skilled…


JOURNAL RECORD ARTICLE – FLOGISTIX DEVELOPS COMPRESSOR SYSTEM

Journal Record

OKLAHOMA CITY – Flogistix has developed the Flogistix Multi-Stream Compressor System. The patent-pending Multi-Stream Compressor System was developed to allow operators to increase oil and gas production and capture methane emissions more efficiently while no longer needing more than one compressor at a well site. “With Multi-Stream we can increase oil and gas production volumes, thereby enhancing cash flow and proved producing reserves, and collect the methane vapors for free,” said Mims Talton, Flogistix president and CEO of Oklahoma.


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