Axis Power Providers LLC and Brigade Power Providers LLC have merged to type america’ “largest and most progressive nicely servicing firm”, the businesses stated.
“The transaction elevates Axis because the nation’s main firm for completion providers, workover options and plug and abandonment operations”, a joint assertion stated. “Axis now boasts greater than 1,700 staff and 200 energetic and marketable workover rigs, which could be the largest single fleet within the trade.
“Axis additionally maintains a market-leading support-equipment operation that features 50 cement pump vans, 26 wireline vans, 15 snubbing models, practically 200 pumps and a sizeable fleet of BOPs and pipe handlers.
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“The mixed firm has a robust presence within the nation’s main oilfields — together with the Permian, Haynesville, Eagle Ford, Utica/Marcellus, Bakken and the broader Rockies — and may shortly deploy to virtually any location within the continental U.S.”
Axis Power Providers LLC is the surviving entity and can proceed to be headquartered in Dallas, Texas.
“This merger not solely will increase scale for our more and more concentrated and bigger North American clients but in addition combines greatest practices from each firms round information analytics, innovation, personnel coaching and expertise administration”, Brigade chief government Justin Bliffen stated.
Rig Innovation
In one other milestone, Axis earlier this yr deployed an electric-powered rig that it stated not solely reduces emissions but in addition improves security and effectivity.
EPIC Rig is remodeling manufacturing wells within the U.S. Permian basin underneath a long-term contract with Occidental Petroleum Corp.
“The EPIC RIG™ is definitely the largest leap ahead for well-service expertise in many years”, Axis chief government Ryan Phillips stated in a press release March 11. “Its deployment by Occidental alerts the arrival of a brand new era of nicely service rigs constructed for tomorrow’s oilfield”.
In contrast to conventional rigs that use a diesel-powered draw-work, or hoisting mechanism, EPIC (Electrical-Powered Intervention and Completion) Rig is the primary rig to make use of an electric-powered draw-work, Axis stated.
“The EPIC RIG™ VFD (variable frequency drive) electrical motor not solely delivers immediate torque and clean, constant efficiency – it’s additionally extra sturdy and requires much less upkeep than a diesel engine, lowering downtime”, it stated.
The design incorporates a programmable logic controller that works with Axis’ registered trademark digital platform for information assortment evaluation known as CORE. The combination of CORE gives the rig operator exact management and automatic safeguards, which cut back handbook actions and thus human error, Axis stated.
“The rig’s simplified design minimizes mechanical processes and eliminates widespread failure factors for elevated reliability”, it stated.
EPIC Rig can hook up with a public energy grid through a transformer, “enabling operators to leverage renewable power sources, get rid of emissions on the nicely website and save considerably on gas prices”, Axis stated.
Whereas supposed to run on electrical energy the mannequin could be fueled by pure gasoline “making it adaptable to distant places and numerous situations within the subject”, Axis stated.
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