Friday, May 27, 2011
Icon Energy Ltd.
A new provider of thru-tubing milling and fishing services – ICON Oilfield Services – has been established in response to the oil and gas industry's need for oilfield service companies that adhere to a high standard of quality, professionalism and reliability. The Company is headquartered in Dallas and is currently establishing an office in San Antonio, Texas in order to service the Eagle Ford Shale play. Other district offices will open throughout the year to support domestic drilling locations across the United States.
"We are excited to launch ICON Oilfield Services and introduce a higher standard of product and service to domestic oil and gas companies – The ICON Standard," said Jim Kerr, President of ICON. "We're committed to providing the client with highly-trained employees, advanced design equipment, and local state-of-the-art repair facilities."
ICON specializes in removing composite and cast-iron frac plugs after isolated zones have been fracture stimulated. The Company's industry-leading downhole motors and mills will then remove each zone's frac plug to bring a well online and maximize its production rate. ICON also provides other thru-tubing and fishing services.
"Advances in horizontal drilling and hydraulic fracturing have led to a dramatic growth in unconventional resource plays. E&P companies are drilling longer laterals and increasing the number of frac stages to enhance their well's production," said Kerr. "This evolution has led to a burgeoning demand for thru-tubing, milling, and fishing services. ICON will fulfill this demand by providing reliable, high-quality equipment and exceptional service by experienced field supervisors."
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