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Oil and Gas Chain Reaction: E&P M&A Begets OFS Consolidation

E&P Plus Completions: New Plug Designs Lower Costs

(Source: FreezeFrames/Shutterstock.com) The evolution of frac plugs has been a key enabler in the economic development of unconventional reservoirs in the U.S., according to John Ray, vice president of completions with Innovex Downhole Solutions. “The industry has experimented with a variety of different completion technologies over the last 10 years, but we are firm believers that frac plugs are the simplest, most robust way to complete horizontal wells.” A fairly new company, Innovex Downhole Solutions was formed in 2016 from the union of Team Oil Tools, Antelope Oil Tool and Isolation Technologies. And the acquisition of Quick Connectors Inc. and Enerserv in 2019 created Innovex’s well production segment centered on artificial lift technologies and related services.

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