TAM Targets Multi-stage Frac Market

TAM Targets Multi-stage Frac Market

Friday, May 06, 2011
TAM International, Inc.

TAM International, Inc., an independent oilfield service company providing inflatable and swellable packers, has formed a new company, TAM Completion Systems, Inc., to provide integrated completion solutions.

The system includes TAM FREECAP swellable packers, liner top packers, frac sleeves and related accessory items.

Jack Newberry, vice president, U.S. and Latin America at TAM International, will run the new wholly owned subsidiary. Newberry will retain his current title and will have added responsibilities with the new company.

TAM International has been supplying FREECAP swellable packers to the shale operators for years with great success, Bentley Sanford, president of TAM International said. TAM Completion Systems provides a vehicle to develop and provide a full-service solution for the growing multi-stage frac market.

The key to a successful multistage frac is assuring proper zonal isolation. TAM, providing inflatable and swellable packers, has a strong track record in this market. Initially TAM will use its own packers and service tools, while using the best options for other equipment needed.

TAM Completion Systems will service TAM Internationals existing customer base and expects to gain market share by serving those customers who prefer to purchase a complete lower completion solution.

TAM Completion Systems expects significant growth as we build the business capabilities in the United States and internationally, Newberry said. By creating a new organization to pursue this exciting, high-growth market, we will be able to increase TAM product sales while providing additional value-added services to our customers.

TAM Completion Systems will be located in a recently acquired building across from TAM Internationals Houston headquarters. The building is currently being renovated for the new company and for several other TAM departments, and it should be complete in July 2011.

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American Petro-Hunter Begins Multi-Stage Surge Frack

American Petro-Hunter Begins Multi-Stage Surge Frack

Wednesday, May 04, 2011
American Petro-Hunter, Inc.

American Petro-Hunter, Inc. announced Wednesday the commencement of a "multi-stage surge frack" regarded as the final event in the completion process at the NOS227 well prior to the onset of commercial oil production.

The fracture stimulation ("frack") program is a newly designed approach intended to break apart the reservoir allowing for a significant increase in the flow of oil. The process has proven to be highly effective in dramatically increasing production from the Mississippi formation elsewhere in the area. Currently, all requisite equipment has arrived onsite and efforts have commenced.

As previously reported, analogous vertical wells located nearby and to the north of NOS227 and having undergone an identical stimulation program have paid out in less than 90 days. The new completion technologies offer the potential to deliver vastly higher production through the use of the latest enhanced reservoir stimulation technologies. The "multi-stage surge frack" is a proven advanced technology that has delivered excellent results regionally and was chosen as the approach presenting the best potential yield results given the geology of the location. The frack of the well will stimulate 85 feet of the pay in the Mississippi Formation and American Petro-Hunter has targeted an initial production rate (I.P.R.) post-frack of 300 BPOD.

American Petro-Hunter has a 50% interest in the well and production from NOS227 will be sold alongside output from the No. 1 and NOJ26 wells to Sunoco, the regional purchaser. West Texas Intermediate Crude today has recently been priced at $112 per barrel and continues to rise based on instability in the Middle East.

The Company is a goal-oriented exploration and production (E&P) Company aiming to become an intermediate level oil and gas producer within 12 months. The Company is in production at the Poston Project in Trego County, Kansas and the North Oklahoma Project.

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