Tag: Plunger Lift
New pay-per-use equipment business model could end capex for oil, gas producers
Value propositions for predictive maintenance: longer asset up-time, lower maintenance costs, higher productivity, improvements in operational cost/efficiency Technology advances are powering a new generation of “predictive maintenance solutions” that could lead upstream oil and gas equipment suppliers to pay-per-use business models that change the way producers think of capital expenditures, according to a new study. Lux Research has released a report […]
Plunger lift use rises in Permian Basin as producers cut costs
Plunger lift offers lower capital and operating costs for Permian Basin wells Mike Swihart says many Permian Basin oil companies that may have been too busy to check out plunger lift at $100 oil are making the switch in the current low-price environment because they save a lot of money on their lifting costs. “Management is telling […]
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