Corva and NexTier Oilfield Solutions have announced a strategic technology partnership designed to optimize completions, reduce well costs and improve ESG performance by leveraging the combined strengths of their digital oilfield solutions, the companies announced July 26. The partnership provides a single, unified solution to accelerate innovation and optimize every completions operation.
For operators, the Corva/NexTier collaboration delivers an entirely new realm of data-driven benefits for every NexTier fracturing fleet. These include customized visualization platforms, instantaneous communications, 24/7, dedicated engineering expertise, automated, AI-powered fail-safes and alerts and a significant reduction of nonproductive time.
“Through our strategic partnership with NexTier, we are bringing together two amazing teams with a shared vision and common culture of continuous innovation and improvement,” Ryan Dawson, CEO and founder of Corva, said. “We’ve enabled a revolutionary synergy of people, technology and data that creates new opportunities to drive out inefficiencies at the wellsite, maximize returns on every new well and elevate ESG. It’s exciting for us to leverage NexTier’s NexHub extensive digital infrastructure, and I can’t wait to see the future of completions with Corva as an innovation accelerator,” Dawson commented.
NexTier’s NexHub Digital Center integrates digital technologies and industry expertise to optimize remote operations engineering, trucking and supply-chain logistics, and equipment health monitoring. Leveraging Corva’s advanced analytics, KPIs, and robust visualization platform in a recent field test, NexTier safely completed more than 100 stages from a first-of-its-kind control center, located more than 50 miles from the wellsite.
“Real-time data and analytics enable us to manage completions remotely and transition crews out of the red zone, which provides unprecedented power to reduce cost per barrel, minimize risks, and boost efficiencies for our customers,” Robert Drummond, President and CEO of NexTier Oilfield Solutions, said. “Our NexHub Digital Center had already made great strides in integrating activities and improving data transparency across the full scope of the wellsite. And now, partnering with Corva, we’re able to achieve a whole new level of digital optimization.”
Leveraging Corva's drilling and completions platforms, the partnership will enable NexTier to rapidly integrate new digital products and services, as well as providing Corva with a wealth of historical data and wellsite expertise. NexTier’s software development team is working closely with Corva to develop the first generation of NexHub apps, which will be available through the Corva App Store.
Recommended Reading
BP Energy Partners Invests in Pipeline Inspection Company Novitech
2024-10-24 - BP Energy Partners will invest in Novitech, whose Micron Technology is a leading pipeline inspection technology in the energy industry.
E&P Highlights: Oct. 7, 2024
2024-10-07 - Here’s a roundup of the latest E&P headlines, including a major announcement from BP and large contracts in the Middle East.
Encino’s Tim Parker: Plenty of Utica Oil—and Takeaway Too
2024-11-15 - Encino Energy's Tim Parker tells Hart Energy's Nissa Darbonne about the economics of drilling in the company's Utica oil development at the DUG Appalachia Conference and Expo.
Oceaneering Acquires Global Design Innovation
2024-10-30 - Oceaneering purchased Global Design Innovation, the only provider certified by the United Kingdom Accreditation Service (UKAS) to perform remote visual inspection using point cloud data and photographic images.
Comments
Add new comment
This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.