Packers Plus Reduces Completion Costs in Duvernay Formation by up to 30%

CALGARY, July 19, 2016 /CNW/ - Packers Plus Energy Services Inc. is pleased to announce the continued success of its StackFRAC® Titanium® XV  high pressure and high temperature (HPHT) open hole ball drop completion system in enabling operators in Alberta's Duvernay formation to achieve cost savings of up to 30% compared to plug-and-perf completion methods.

An operator working in the area ran the Titanium XV system with a monobore design using a Titanium XV SF Cementor™ stage collar, eliminating the need for intermediate casing and reducing well costs. Further cost reductions were achieved, as the cementing stage collar is hydraulically activated and designed to close without the use of a plug, reducing post-cement clean-out operations and debris. The 20-stage system was completed in less than 60 hours of continuous pumping time. These factors provided the operator with a 30% reduction in completion costs. The operator subsequently chose Packers Plus for additional well completions in the Duvernay.

Packers Plus President, Ian Bryant, said, "Our completions experience in the Duvernay formation, coupled with the proven track record of the Titanium XV system, has enabled Packers Plus to provide consistent, repeatable operations and improved production results that help operators optimize their jobs and reduce their overall costs."

Packers Plus has successfully completed more open hole wells in the Duvernay formation than any other completion system provider. Learn more about this proven performance at http://packersplus.com/proven-performance/.

About Packers Plus
Packers Plus is an industry leader in designing and manufacturing lower completions solutions for a variety of technically challenging applications. Known for its innovative, high-quality and responsive style, the privately held company has run over 16,000 completion systems, accounting for over 240,000 fracture stages since it started operations in 2000. Today, Packers Plus has employees around the world, maintaining an influential role in key markets and remaining true to its roots—an innovative company with a focused niche, enabling it to be one of the best in the industry. Learn more at packersplus.com.

SOURCE Packers Plus Energy Services Inc.

Image with caption: "www.packersplus.com (CNW Group/Packers Plus Energy Services Inc.)". Image available at: http://photos.newswire.ca/images/download/20160719_C6613_PHOTO_EN_737314.jpg

For further information: Steve Macleod, Manager, Technical Marketing, Packers Plus Energy Services Inc., Phone: +1 (587) 293-2020, Cell: +1 (403) 816-0547, steve.macleod@packersplus.com

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