American Oil and Gas Reporter - July 2017 - 125

IndustryFocus: Companies, People and Products
Lonestar Resources Buys Eagle Ford Shale Assets

HOUSTON-Lonestar Resources US
Inc. has purchased Sanchez Energy Corp.'s
noncore Marquis asset in the Eagle Ford
Shale for $50 million in cash, and other
normal and customary pre- and postclosing adjustments. Sanchez Energy also
received Lonestar preferred stock that is
structured to be converted into 1.5 million
shares of common stock.
According to Sanchez Energy, the
Marquis asset consists of 21,000 net acres
primarily in the Texas counties of Fayette

and Lavaca. The acreage has net proved
reserves of 2.7 million barrels of oil
equivalent (100 percent developed) and
daily net production of 1,750 barrels of
oil equivalent (74 percent oil) from 104
gross (65 net) wells.
Sanchez Energy says the divestiture continues its strategy of increasing its liquidity
and financial flexibility to focus on growing
the Comanche, Catarina and Maverick areas
of the western Eagle Ford, where it has assembled 340,000 net acres.
r

Wireless Sensor Platform Cuts Cost Of Monitoring
HOUSTON-Sensorfield has introduced
a remote well monitoring system it describes
as affordable and complete enough for
small- and mid-sized oil and gas producers.
By providing around-the-clock insight
into wells' operations, Sensorfield says
the system leads to earlier detection of
issues responsible for production delays,
safety and environmental concerns and
added expense.
Company President Strode Pennebaker
emphasizes that the system makes remote
monitoring more affordable. "Our do-ityourself solution is a first; it's inexpensive,
wireless and easy to install and operate
yourself," he says.
The system uses small, wireless sensors
to gather an expanding set of data, Sensorfield
reports. It says the near real-time measurements are sent to the cloud, where they are

Shale Support Recognized
For Commitment To Safety

HOUSTON-Shale Support LLC, a
provider of sand and logistical solutions for
the proppant market, announces it maintained
a recordable incident rate of zero in 2016.
The company adds that it has received
a certificate of achievement in safety
from the Mine Safety & Health Administration for the third year in a row, as
well as a Sentinels of Safety Award from
the National Mining Association for the
second consecutive year.
"We are extremely proud of our hardworking team for meeting our challenge
of zero recordable incidents last year,"
says Kevin Bowen, Shale Support's chief
executive officer. "It is because of its
complete commitment to safe practices
in the workplace that we can bring home
awards from our nation's most prestigious
mining and safety organizations."
For information, visit shalesupport.com.r

accessible on a mobile device or PC.
According to Sensorfield, the digital
monitoring systems can be installed on a
typical well in minutes. The polycarbonate
sensor boxes are less than two inches square
and weigh only five ounces but can withstand
extreme temperatures and hurricane-force
winds, the company says. A solar panel on
top of the sensor box eliminates the need
to replace batteries and supplies adequate
power even in deep shade or climates where
cloud cover is the norm, Sensorfield adds.
For information, visit www.sensorfield.com.
r

Nine, MorphPackers Sign
Distribution Agreement

HOUSTON-Nine Energy Service Inc.
and MorphPackers Limited announce
their agreement to have Nine serve as
exclusive provider of MorphPackers'
STORM™ and CENTURION™ completion
product lines for the refracture market in
the United States and Canada.
The patented completion system uses
expandable steel packers specializing in
isolation, and includes refracture and production packers to maximize production
within wells, the companies say. The
STORM refracture packer offers the
largest internal diameter in the market,
to instantly isolate and refracture stages,
they say.
"MorphPackers has designed a unique
system with a large ID to enhance pumping
rates and a slimmer outside diameter to
match conventional pipes. This will allow
customers to restimulate more wells with
much higher production rates," says Nine's
president of Canada and U.S. completion
tools, Clair Holley.
For information, visit www.morphpackers.com or nineenergyservice.com.r

Baker Hughes, GE Merge To Advance Technology
HOUSTON-Baker Hughes, a GE
company, announces that the transaction
combining GE's oil and gas business
with Baker Hughes is complete.
The new company, abbreviated BHGE,
says it will help its customers acquire,
transport and refine hydrocarbons more
efficiently, productively and safely, with
a smaller environmental footprint and
lower costs. By bringing together capabilities
across the oil and gas activity value chain,
from upstream to midstream to downstream,
BHGE says it has the portfolio to create
value and improve productivity and project
economics through integrated equipment
and service offerings.
The company indicates one of its focuses will be applying digital and advanced technologies to oil and gas, an
effort it estimates could deliver 5 percent
productivity improvements across the

industry. BHGE says it will use cloudbased software and advanced manufacturing to help customers capture some
of this opportunity.
With leading technology and access
to GE's knowledge, experience and research, BHGE predicts it can bring new
solutions to market faster. The company
adds that it deepens its competitive advantages through long-standing local
partnerships, creative business models
and access to financing.
"We created BHGE because oil and
gas customers need to withstand volatility,
work smarter and bring energy to more
people," says Lorenzo Simonelli, BHGE's
president and chief executive officer.
"Our offering is further differentiated
from any other in the industry across the
value stream, and enables and assists
our customers in driving productivity,
while minimizing costs and risks."
For information, visit www.bhge.com.r
The merger between Baker Hughes and
GE Oil & Gas creates a company with
70,000 employees operating in 120 countries, BHGE says.

JULY 2017 125


http://www.morphpackers.com http://www.sensorfield.com http://www.morphpackers.com http://www.sensorfield.com http://nineenergyservice.com http://www.bhge.com http://shalesupport.com

American Oil and Gas Reporter - July 2017

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