In the oil patch, time is money. That’s why companies have to choose the right digital tools and software solutions to fit their customers’ needs. Instead of tethering success to the price of oil or drilling prospects alone, reducing costs by leveraging the latest technological solutions and harnessing alternative fuel types gives operators the control they need to manage their bottom line.
Caterpillar, a leader in oil and gas, has responded to the call for cost reduction through their Dynamic Gas Blending (DGB) Tier 4 solution for diesel engines. This technology allows engines to substitute diesel with natural gas to achieve best in class 85% diesel displacement. DGB engines seamlessly use these alternative fuel types when available, while also maintaining the reliability and performance of diesel. Customers have the flexibility to fall back on 100% diesel if there’s a supply issue with the alternative fuel type.
Empowering operators with even more cost savings is Caterpillar’s Electronic Idle Reduction System (EIRS). EIRS is a digital tool that reduces costs by saving fuel during the hydraulic fracturing process. In just two years or less a pressure pumping engine can accumulate over 10,000 run hours. That’s because these engines often run nonstop for days on end. Idling for these high-horse powered engines wastes fuel and can lead to wear and tear. Similar to control systems in the automotive industry, EIRS automatically starts/stops the engine which saves 1-3 gallons of fuel per hour of operation. This automation preserves engine durability and overhaul life while also ensuring the engine stays ready to work at all times.
When hydraulic fracturing in dense shale formations, even a small error can lead to catastrophic costs and downtime. That’s why the automation of error-prone tasks is one of the biggest emerging trends in the oil patch today. Caterpillar has developed a digital solution called Dynamic Transmission Output Control (DTOC) that automates the pressure-test operation, as well as the pump rate and shift control. DTOC reduces costs and allows for greater efficiency by preventing errors which lead to catastrophic costs and downtime.
Caterpillar is releasing brand agnostic tools like its Pump Electronic Monitoring System (PEMS). PEMS detects fluid leaks, cavitation, and vibration which ultimately saves maintenance time and costs. Similar to DTOC, PEMS uses predictive analytics to prevent additional maintenance costs before they occur. Taking corrective action to avoid fluid leaks and vibration can prevent maintenance issues and downtime. PEMS is effective with most brand and pump types, allowing easy integration into any operation.
Digital solutions, such as the ones Caterpillar offers, help the industry reduce costs. DGB and EIRS save fuel costs and reduce engine wear. DTOC and PEMS prevent errors before they occur, which saves time and reduces costs over the long term. Together, these tools lower breakeven levels, improve equipment lifespans and increase profitability. Companies like Caterpillar are committed to developing solutions for the well service industry that promote digitalization, cost savings, and efficiency.
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