Biota Technology, the oilfield DNA sequencing pioneer, has achieved a critical milestone on its path to commercialization: the diagnostic has been deployed by a majority of the top 20 US shale producers in the United States. Biota continues to attract top-tier investors, recently closing a multi-million dollar Series B financing led by Illumina Ventures.
HOUSTON—U.S. shale plays have undoubtedly transformed the oil and gas sector, sending production to new highs. But looking at recovery rates, everyone knows it could be better.
Eyeing recovery factors between 5% and 10% for some shale wells, Comitt Well Solutions—an oil and gas startup based in the Houston suburb of Katy, Texas—found a niche to attack. Eivind Moen, the company’s co-founder and business development manager, told a roomful of people gathered at Rice University that the company decided to focus on downhole tool technologies to increase recovery. Its first product targeted the refracturing market.
The intervention tool, called Excite, allows users to pinpoint a fracture and restimulation of existing and newly added perforation clusters.
Core Laboratories, a leading provider of proprietary and patented Reservoir Description and Production Enhancement services, and Fracture ID, a Denver-based oil and gas technology company, have launched the Horizontal Reservoir Characterization Consortium – Midland Basin to investigate geologic controls on variability in well production.
Vor fünf Jahren in Erlangen gegründet
Begonnen hat FLC Flowcastings in Trebur vor vier Jahren mit 21 Mitarbeitern, derzeit sind es 45. Eine Verdopplung ist für nächstes Jahr geplant.
Mit dem Umzug in die neu gebaute Halle stehen FLC dann 5500 Qudratmeter Fläche zur Verfügung, fast doppelt so viel wie jetzt.
In einem Jahr soll mit 24 CNC-Fräsern und zwei Gießöfen gearbeitet werden. (dev)
FLUENCE ANALYTICS RAISES SERIES A FINANCING
Energy Innovation Capital Leads Series A Investment Round
(New Orleans, LA, USA) ‒ Fluence Analytics, formerly Advanced Polymer Monitoring Technologies (APMT), announced today it has raised a Series A funding round led by Energy Innovation Capital (EIC), a venture capital firm that invests in growing companies in energy innovation. Fluence Analytics products optimize efficiency, cost and quality of manufacturing and R&D processes in polymer and biopharmaceutical industries. Analysis of the confluence of realtime data generated by the company’s products allows customers to produce materials at the lowest cost with the highest quality and yield, all while minimizing environmental footprint.
Advanced Polymer Monitoring Technologies today announced a rebrand to Fluence Analytics. Fluence Analytics provides proprietary hardware and software products for the industrial and laboratory monitoring of polymer and biopharmaceutical manufacturing processes and R&D applications. Visit http://www.FluenceAnalytics.com to learn more.
We are participating at The Frontier 2017 conference in New Orleans this Thursday and Friday. Please stop by and say hi to George. http://thefrontier.co/
ConXtech is reinventing the way that structural steel-frame buildings are designed and built. Combining the tools of high-tech manufacturing with BIM (building information modeling), co-founders Robert Simmons and Kelly Luttrell developed an ingenious system of standardized components that make it possible to design and erect 2-to-12-story buildings faster, more safely, and with less waste.
The U.S. oil industry is trying to do more with less, as operators seek to maximize reservoir production during a period of low oil prices. Producers are looking for cost-effective technology advances that can give them a competitive advantage to maintain profitability. One such technology may come from an unlikely source: the Human Genome Project. The application of DNA sequencing in the oil industry provides operators with a unique perspective of subsurface reservoirs to help maximize production and minimize environmental impact.
EIC participates in key panels at the Rice Alliance Energy and Clean Tech Forum.
Rob Knight is a pioneer in studying human microbes, the community of tiny single-cell organisms living inside our bodies that have a huge — and largely unexplored — role in our health. “The three pounds of microbes that you carry around with you might be more important than every single gene you carry around in your genome,” he says. Find out why.
“Every other major industry in the world has embraced technology and increased productivity because of it,” says Kelly Luttrell, cofounder and senior vice president of business development at ConXtech, a construction technology company based in Pleasanton, California. “In the construction industry, productivity has trended downward since 1964. Why? Partly because project stakeholders are afraid of the ripple effect that technology adoption might have on long-established scopes and roles. Change, even if for the better, can be perceived as risky.”
Upstream Technology Designed by Fracture ID to Boost EURs
Instead of drilling a well, taking traditional core samples from the formation, shipping them to a lab for analysis, and waiting while results lag the drilling process by days or weeks, there is a new technology for drillers that delivers reservoir intelligence to help them pinpoint optimal frac stage locations quickly.