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July 22, 2019
TOMBALL, TX

First of its Kind Shale Technology Detects Completion Problems and Parent/Child Well Interference at Inception

Deep Imaging’s Real-Time Fluid Tracking solution enables operators to see fracs happen and make adjustments in real-time to avoid costly setbacks, improve profitability.

Deep Imaging today announced the first and only real-time solution for tracking fluid as it’s pumped through the wellbore and out to the fracture tips during a completion job. As a result, upstream companies can validate models and successful stages while identifying, fixing or avoiding problem stages as they occur

The US Industry Is Facing Production Shortfalls

The prevailing approach to developing shale is delivering mixed results. Drilling larger wells more closely together has reduced per unit costs, but many new wells are underperforming production expectations by as much as 30%.

The problem is the industry is acting on limited data to make intricate operating decisions. Without the right instruments to see what is happening during a well completion, operators are experiencing frac hits and are unable to identify poor cement jobs, failed plugs and unclosed zippers, all of which leave valuable resources in the ground. With the ability to see a frac job in real-time, operators can now truly optimize full-field development.

Real-Time Fluid Tracking Helps Reduce Waste and Boost Productivity

At around the cost of a single frac stage, payback on this surface-based technology is quick and the upside is large, especially considering not “closing” a zipper frac can mean up to 30% of the reservoir is untapped. With projected sales of $500 million from a development project, operators utilizing fluid tracking could capture the $150 million that would otherwise be left behind.

Among other benefits, the technology also enables operators to determine which downhole products and strategies are causing problems to help improve their purchasing plans. If an operator understands they have failures 20% of the time with a certain type of plug, they can find a better provider.

Management Comments

David Moore, CEO and President of Deep Imaging, said: “We are proud to provide to clients answers about what’s happening in their reservoirs—and now we will deliver that information in real-time. In addition to making decisions on how to design the next completion more efficiently, customers will now be able to make decisions on how to stop frac hits, see plug failures and bad cement and decide how to mitigate the impact, stage by stage.”

Technology Revealed and On Display at URTeC 2019, Booth 1106

Deep Imaging will be unveiling and demonstrating their real-time fluid tracking during URTeC, July 22-24, 2019, at the Colorado Convention Center in Denver, Colorado. For more information please reach out to Josh Ulla, Chief Development Officer at joshulla@deepimaging.com to schedule a meeting, or stop by Booth 1106.

About Deep Imaging

Deep Imaging is a frac diagnostics company based in Tomball, Texas. Its advanced diagnostic tools track and measure frac fluid placement from the surface and away from the pad. With realtime fluid tracking technology operators can now identify the reasons for and locations of subsurface problems in the oil field. With this information teams can quickly fix issues, dramatically reducing waste and improving development economics. Deep Imaging was founded in 2008 and holds patents on its proprietary technology.

Media Contact:

Brian Brooks

brian.brooks@hkstrategies.com

+1 713-752-1901

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