Choice Grows Product Offering with HydraStart MTV

New Product Enhances Casing Integrity Tests for Operators

 

HOUSTON, T.X. [January 5, 2016] – Choice Completion Systems, a Houston-based completion tools equipment and service provider, announces the availability of their newest product- the HydraStart MultiStart Cycling Toe Valve (MTV). Choice’s HydraStart MTV has one of the industry’s largest IDs and provides a high rate flow path to enhance initial injection, casing clean up, first stage fracturing, and overall production.

 

“Our top priority is providing our customers with superior options that meet their needs, and this tool is no exception,” states Michael Harris, Choice VP of Business Development. “The HydraStart MTV was designed to ensure the operator is never required to exceed their well’s test pressure in casing tests, unlike standard toe valves.”

 

The HydraStart MTV helps improve efficiency and reduce the cost of plug-and-perf completions. One key trait is its ability to establish wellbore injection immediately after the casing integrity test and eliminate the delay period required by competitors’ “Time Delay” Toe Valves. The HydraStart MTV also has the ability to open as pressure is bled off after the casing test is completed. This allows the operator to open multiple sleeves simultaneously and utilize the MTV tools as the first stage of the completion (i.e. “toe prep”).

 

Kenny Anton, Choice VP of Engineering explains, “Our goal in designing tools is to create technologically advanced and user-friendly products that are reliable, easily integrated, and will ultimately save customers time and money.”

 

The HydraStart MTV is currently being run in the Barnett Shale. The operator that is running the Choice tools had previously used a standard toe valve to initiate injection. He would then use the small amount of rate available to pump guns down and achieve a “toe prep”. By installing multiple HydraStart MTV’s the operator has eliminated secondary operations by opening multiple valves simultaneously to achieve a “toe prep”. This resulted in the operator saving both time and money on the overall cost of the completion process.

 

The HydraStart MTV has a maximum rated pressure of 18,000 psi absolute (surface pressure + hydrostatic). Choice has completed field trials for the HydraStart MTV, setting an industry benchmark at 100% success rate.

 

About Choice Completion Systems:

Choice is a rapidly growing provider of innovative and patented tools used to complete conventional and unconventional wells. Tools that Choice currently provides are: toe actuator sleeves, frac sleeves, composite frac plugs, packers and rental service tools.  Headquartered in Houston, Texas, the company currently has service facilities strategically located in West Texas, South Texas and East Texas with future plans of expansion into all major U.S. basins.

 

Media Contact:

Inez Moriarty – Inez@MoriartyCommunications.com – 281-686- 2389


Media Alert
Choice Completion Systems Elects CEO

Wes Pixley has officially accepted the role as Choice Completion Systems’ Chief Executive Officer (CEO). Pixley, formerly Choice’s Chief Operating Officer (COO), has been part of the Choice team since its start. He has a great passion and understanding of the company’s offerings, values, and talent, all of which will undoubtedly make him a great leader. “I am honored and privileged to serve as CEO of Choice Completion Systems,” states Pixley. “The technology, minds, and service capabilities that this group has to offer is unsurpassable, and I am grateful for this opportunity to lead them into future growth and success.”

About Choice Completion Systems:

Choice is a rapidly growing provider of innovative and patented tools used to complete conventional and unconventional wells. Tools that Choice currently provides are: toe actuator sleeves, frac sleeves, composite frac plugs, packers and rental service tools.  Headquartered in Houston, Texas, the company currently has service facilities strategically located in West Texas, South Texas and East Texas with future plans of expansion into all major U.S. basins.

Contact:

Inez Moriarty
Inez@MoriartyCommunications.com
281-686- 2389


Choice Completion Systems Announces Patent Pending Technology

Hydraulic Fracturing Plug Lowers Completion Costs Due to Design

 

HOUSTON, TX: August 11, 2016. Choice Completion Systems announces their latest patent pending technology, the RzrFrac Plug, used to provide zonal isolation during multi-stage completions. Carefully designed with operators’ cost and downtime in mind, the RzrFrac Plug is unlike any other hydraulic frac plug on the market.

Constructed of 100% composite materials, the plug reduces drill out time and debris by up to 80%.

Michael Harris, VP of Business Development, explains why this is an industry breakthrough. “Choice’s focus in engineering this product was to help operators in the industry by providing a simple and more economical product that they can rely on. In a market where service companies are constantly competing with one another, we are focusing on the customers’ needs. By understanding the application and customers’ needs, we were able to create a fit for purpose design that simplifies the problem.”

Minimalism, simplicity, and efficiency embodies the RzrFrac Plug from design to implementation of the tool. The composite plug has only three main components: the composite cone, expandable elastomeric seal, and composite slips with carbide inserts; all of which are easily drillable. Kenny Anton, VP of Engineering, comments “Frac Plugs are a commodity item. What makes the Choice RzrFrac plug unique is the fact that our plugs are 1/5 of the volume of competitors’ plugs. Less volume correlates with less debris, minimal risk for flow-back, easier circulation, and lower risk for getting your coil tubing drill out assembly stuck. Our focus on reducing debris from the start minimizes overall risk and lessens the wear on your drilling assemblies.”

Choice is currently running the RzrFrac Plug in three major shale basins including the Permian, West Texas, and TMS. Results all conclude an improvement of efficiencies during the pump down, fracing, and mill-up processes. These improvement results could account for days of time saved during the completion process, and ultimately help the operator boost the economics of any well project. New versions of the product, available fourth quarter of 2016, include higher temperature rated tools and ceramic slip buttons.

 

About Choice Completion Systems:

Choice is a rapidly growing provider of innovative and patented tools used to complete conventional and unconventional wells. Tools that Choice currently provides are: toe actuator sleeves, frac sleeves, composite frac plugs, packers and rental service tools.  Headquartered in Houston, Texas, the company currently has service facilities strategically located in West Texas, South Texas and East Texas with future plans of expansion into all major U.S. basins.

Contact:

Inez Moriarty
Inez@MoriartyCommunications.com
281-686- 2389


Private Equity Enables Service Firms To Improve Well Economics

Author: Colter Cookson

According to alternative investment research firm Preqin, private equity firms have $971.4 billion on hand to invest in the oil and gas sector. For perspective, that is three times the size of Canada’s total budgeted federal expenditures in fiscal year 2016. Even for a capital-intensive industry, that is a lot of investment dollars waiting for opportunity to come knocking!

A survey of private equity firms conducted by Ernst & Young suggests much of that capital will go to producers and midstream companies, but upstream service companies focused on all aspects of the value chain–from exploration to drilling, completion, production and even back-office business functions–also are in the mix for private equity placements.

Completion Tools
According to Wes Pixley, COO of completion tools provider Choice Completion Systems, successful businesses recognize a timeless truth. “Employees are the best asset a company has,” he outlines. “Treat the employees well, and they will give the customer top-quality service.”

Treating employees well goes beyond compensation and benefits, Pixley contends. “It means listening to the employees, because they are the ones who hear and see what the customers need,” he says. “If we use the feedback they give us to develop tools and solutions that better serve our customers, our employees will take ownership of the product and the company as a whole. They’ll work harder and keep passing on what they learn, creating a feedback loop where everyone’s needs get met.” That loop can be effective only if Choice has employees who understand the industry, work hard, and keep their eyes and ears open, Pixley says. “One of the benefits of starting the company in the middle of a downturn is that there were quality people looking for work,” he remarks.

The feedback it gets from employees will only matter if the company has an engineering team capable of developing effective solutions quickly and consistently, Pixley continues. “Our team is among the best in the industry,” he says, noting that its members have earned six U.S. patents and have 13 pending. They also have been honored with two awards for engineering innovation.

“We saw a huge need for a fully composite frac plug, so that is one of the first tools we are introducing,” Pixley says. “The plug has one-fifth the material volume of a standard composite plug, so it reduces drill-out times and debris as much as 80 percent.”

Choice also provides toe actuator sleeves, which Pixley notes enable operators to conduct a casing test and initiate fracs without a coiled tubing unit. Its other products include cemented frac sleeves, cement retainers, packers, and related well completion accessories. Future product development will include liner hanger systems, Pixley adds.

Choice has offices in West Texas, South Texas and East Texas, he says. Over the next two years, the company plans to expand into every major U.S. basin as industry activity rebounds. “We are going to continue to hire employees who value their relationships with customers and are committed to solving problems no matter when the call comes in,” Pixley says. “As we do that, we will provide good service and our bottom line will take care of itself.”

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