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Page 1: Confidential - TEC · 2019-06-09 · Confidential 5 Material Specification Comparison Cast Iron Powdered Metal Aluminum Composite Molded Magnesium Alloy Specific Gravity 7.9 7.5-7.7

Confidential

Page 2: Confidential - TEC · 2019-06-09 · Confidential 5 Material Specification Comparison Cast Iron Powdered Metal Aluminum Composite Molded Magnesium Alloy Specific Gravity 7.9 7.5-7.7

Confidential

OVERVIEW

ProDrill Velocity Frac Plug

Page 3: Confidential - TEC · 2019-06-09 · Confidential 5 Material Specification Comparison Cast Iron Powdered Metal Aluminum Composite Molded Magnesium Alloy Specific Gravity 7.9 7.5-7.7

Confidential 3

ProDrill® VELOCITYTM LSG

➢ 1-5 Minute Drill-Out Times

➢ 770+ FPM Run In

➢No Presets or Ghost Plugs

➢Reduced Water Usage

ProDrill Velocity Frac Plugs

Page 4: Confidential - TEC · 2019-06-09 · Confidential 5 Material Specification Comparison Cast Iron Powdered Metal Aluminum Composite Molded Magnesium Alloy Specific Gravity 7.9 7.5-7.7

Confidential 4

No Presets or Ghost Plugs

The VELOCITY’s unique 2-in-1 LSG slip has bi-directional bits to lock

the plug in place once set and eliminate the risk of ghost plugs (plugs

slipping from their spot. The slip in conjunction with the design prevent

the element from flaring out and causing presets.

ProDrill Velocity Frac Plugs

Page 5: Confidential - TEC · 2019-06-09 · Confidential 5 Material Specification Comparison Cast Iron Powdered Metal Aluminum Composite Molded Magnesium Alloy Specific Gravity 7.9 7.5-7.7

Confidential 5

Material Specification Comparison

Cast Iron Powdered Metal Aluminum Composite Molded Magnesium Alloy

Specific Gravity 7.9 7.5-7.7 2.72 1.9 2.5 1.6

Hardness 97 HRB/ 20 HRC 30-50 HRB 60 HRB - - 40-55 HRB

Wicker Hardness 55-60 HRC 55-60 HRC - - - -

Unique Slip Material

➢Magnesium Alloy with Ceramic Buttons

➢ 1.6 Specific Gravity (SG) lighter than Composite

(1.9 SG) and Molded components (2.5 SG)

➢Hardness is 40-55 HRB in line with core of

powdered metals, but with ultra light weight and

not surface hardened like cast iron and

powdered metals

ProDrill Velocity Frac Plugs

Page 6: Confidential - TEC · 2019-06-09 · Confidential 5 Material Specification Comparison Cast Iron Powdered Metal Aluminum Composite Molded Magnesium Alloy Specific Gravity 7.9 7.5-7.7

Confidential 6

Specifications

➢ ProDrill® Velocity™ Series Composite Frac Plugs

➢ Reliable – Reduces risk of ghost plugs that can result in bypassed reserves

➢ Mitigates Run Risk – with a bottom anti-preset configuration that mitigates impacts during pump down operations

➢ Horizontal Pump Down– Reliable and fast pump down capable up to 800 FPM

➢ Low Specific Gravity Slip- Reduces risk of stuck coil with light weight material that is strong enough to withstand fracturing forces, exceeds drill-ability of powdered metal, while being buoyant to circulate to surface

➢ Ultra Short Design- accelerates drill-outs to decrease time on location

ProDrill Velocity Frac Plugs

Specifications

Casing

(in)

Weight

(lb/ft)OD (in) ID (in)

Length (in) Pressure

(PSI)Temperature (⁰F)

Run In Set in 23# Set in 17#

5.5 17-23 4.43 1.5 13.75 12.50 11.75 10,000 300

Casing

(in)

Weight

(lb/ft)OD (in) ID (in)

Length (in)Pressure

(PSI)Temperature (⁰F)Run In Set in

13.5#

Set in 9.5#

4.5 9.5-13.5 3.609 1.125 11.55 9.75 9.50 10,000 300

Page 7: Confidential - TEC · 2019-06-09 · Confidential 5 Material Specification Comparison Cast Iron Powdered Metal Aluminum Composite Molded Magnesium Alloy Specific Gravity 7.9 7.5-7.7

Confidential 7

Water SavingsProDrill Velocity Frac Plugs

➢ The VELOCITY plug cuts water usage

significantly while traveling faster

▪ Horizontal run speed to date: 770 FPM @ 20 BPM =

8.75 MPH

▪ On well #1 on 2 well pad, 70% efficiency during pump

down

▪ Used 65 barrels less over competition on stage 36

comparison:

▪ Running the entire pad consistently over 600 FPM

would save over 3,500 barrels of water per well

Well #1 Well #2

Stage 36 ProDrill Velocity Competitor

Max Speed (FPM) 770 400

Avg Speed (FPM) 663 400

Kick off (ft) 8,500 8,500

Time in Horizontal (min) 4.43 7.18

Set Depth (ft) 11,438 11,372

Perfect Pump 65 64

Water Used (BBL) 93 158

Pump Efficiency 70% 41%

Page 8: Confidential - TEC · 2019-06-09 · Confidential 5 Material Specification Comparison Cast Iron Powdered Metal Aluminum Composite Molded Magnesium Alloy Specific Gravity 7.9 7.5-7.7

Confidential 8

Less and Easier to Circulate OutProDrill Velocity Frac Plugs

6 Well Debris Weight Savings

▪ Out of 330 runs and 6 wells for a customer, ProDrill®

Velocity™ has saved 2,970 lbs of plug debris not

having to be circulated out of hole due to ultra light slip

and short design

0 1000 2000 3000 4000 5000 6000

ProDrill Velocity

Traditional Plugs

330 PLUGS TOTAL WEIGHT (LBS)

Total Weight (Lbs)

Page 9: Confidential - TEC · 2019-06-09 · Confidential 5 Material Specification Comparison Cast Iron Powdered Metal Aluminum Composite Molded Magnesium Alloy Specific Gravity 7.9 7.5-7.7

Confidential

FIELD PERFORMANCE

ProDrill Velocity Frac Plug

Page 10: Confidential - TEC · 2019-06-09 · Confidential 5 Material Specification Comparison Cast Iron Powdered Metal Aluminum Composite Molded Magnesium Alloy Specific Gravity 7.9 7.5-7.7

Confidential 10

Field Performance

➢ 2,400+ Successful Runs with 5.5” 17-23# Plug

➢No Bit Trips with minimal bit wear

➢No Short Trips

➢ 1-9 Min Drill-out Average

➢ Low Specific Gravity material allows for clean

wells

➢ Less time on location with more efficient pump

down and drill outs decrease operational costs

ProDrill Velocity Frac Plugs

Page 11: Confidential - TEC · 2019-06-09 · Confidential 5 Material Specification Comparison Cast Iron Powdered Metal Aluminum Composite Molded Magnesium Alloy Specific Gravity 7.9 7.5-7.7

Confidential 11

Go Farther. Go FASTERProDrill Velocity Frac Plugs

➢ One ProDrill Velocity plug traveled

112,819’ (21 Miles) after 3 setting

tool misfires.

▪ Plug was hydraulically pumped 4 times in

an 8,217’ horizontal

▪ Successfully set, frac’d, and drilled out.

▪ Plug traveled 21 miles before being set.

➢ The plug below was ran to depth ~13,000 feet, pulled out of hole at 200 FPM in horizontal, and 400 FPM in the vertical. Round trip ~26,000 feet with little to no wear on plug.▪ This plug traveled through casing

equivalent distance coming close to 5 miles

Page 12: Confidential - TEC · 2019-06-09 · Confidential 5 Material Specification Comparison Cast Iron Powdered Metal Aluminum Composite Molded Magnesium Alloy Specific Gravity 7.9 7.5-7.7

Confidential 12

Field Performance – Job Example #1

➢ Varel Slipstream Roller Cone Bit

using stick pipe

▪ 62 ProDrill Velocity Series Frac Plugs- all

tagged

▪ 2 ProDrill Express Series Bridge Plugs

▪ 17,555’ TMD/ 10,930’ Lateral

▪ 3-8 Min Average on Stick pipe no motor

▪ Under 48 Hours total time on location

during Drillout

▪ No short trips, no bit trips

ProDrill Velocity Frac Plugs

Page 13: Confidential - TEC · 2019-06-09 · Confidential 5 Material Specification Comparison Cast Iron Powdered Metal Aluminum Composite Molded Magnesium Alloy Specific Gravity 7.9 7.5-7.7

Confidential 13

Field Performance – Job Example #2

➢ Medium Tooth Roller Cone Bit using

stick pipe

▪ 49 ProDrill Velocity Series Frac Plugs –

all tagged

▪ 1 ProDrill Express Series Bridge Plugs

▪ 14,868’ TMD/ 7,934’ Lateral

▪ 3-8 Min Average on Stick pipe no motor

▪ Under 26 Hours total time on location

during drillout

▪ No short trips, no bit trips

ProDrill Velocity Frac Plugs

Page 14: Confidential - TEC · 2019-06-09 · Confidential 5 Material Specification Comparison Cast Iron Powdered Metal Aluminum Composite Molded Magnesium Alloy Specific Gravity 7.9 7.5-7.7

Confidential 14

Field Performance – Job Example #3

➢ 4 ProDrill Velocity Series Frac Plugs

at Heel- all tagged

▪ Ran up to 428 FPM @ 17 BPM

▪ 20,030’ TMD/ 10,118’ Lateral

▪ 4 3/4” Medium Tooth Roller Cone Bit on 2

3/8”Coiled Tubing

▪ 7-9 Min Average on Coiled Tubing and

Roller Cone bit

ProDrill Velocity Frac Plugs

Page 15: Confidential - TEC · 2019-06-09 · Confidential 5 Material Specification Comparison Cast Iron Powdered Metal Aluminum Composite Molded Magnesium Alloy Specific Gravity 7.9 7.5-7.7

Confidential 15

Field Performance – Job Example #4

➢ 10 ProDrill Velocity Series Frac

Plugs at Heel – all tagged

▪ Ran up to 627 FPM @ 18 BPM

▪ 19,117’ TMD/ 10,574’ Lateral

▪ 4 5/8” PDC bit on 2 7/8” Stick pipe

▪ 18 Min Average on Stick pipe no motor

▪ No short trips, no bit trips

▪ Recovered slip cuttings in 0 PSI wellbore

during circulating top to bottom with fresh

water

ProDrill Velocity Frac Plugs

Page 16: Confidential - TEC · 2019-06-09 · Confidential 5 Material Specification Comparison Cast Iron Powdered Metal Aluminum Composite Molded Magnesium Alloy Specific Gravity 7.9 7.5-7.7

Confidential 16

Field Performance – Job Example #5

➢ 53 ProDrill Velocity Series Frac

Plugs- all tagged

▪ Ran up to 770 FPM @ 20 BPM

▪ 16,688’ TMD/ 8,188’ Lateral

▪ 4 5/8” Hughes Christensen Vanguard on

2 5/8”Coiled Tubing

▪ 3-5 Min Average on Coiled Tubing and

Roller Cone bit

▪ Under 24 Hours total time on location

during Drillout

▪ No short trips, no bit trips

ProDrill Velocity Frac Plugs

Page 17: Confidential - TEC · 2019-06-09 · Confidential 5 Material Specification Comparison Cast Iron Powdered Metal Aluminum Composite Molded Magnesium Alloy Specific Gravity 7.9 7.5-7.7

Confidential 17

Field Performance – Job Example #6

➢ 29 ProDrill Velocity Series Frac

Plugs- all tagged

▪ 15,896’ TMD /8,446’ Lateral

▪ 4 1/2” Varel Slip Steam on 2 5/8”Coiled

Tubing

▪ 4 min average on coiled tubing and

undersized roller con bit

▪ Under 20 hour total time on location

during drillout

▪ No short trips, no bit trips

ProDrill Velocity Frac Plugs

Page 18: Confidential - TEC · 2019-06-09 · Confidential 5 Material Specification Comparison Cast Iron Powdered Metal Aluminum Composite Molded Magnesium Alloy Specific Gravity 7.9 7.5-7.7

Confidential 18

Field Performance – Job Example #7

➢ 45 ProDrill Velocity Series Frac

Plugs- all tagged

▪ 4 5/8” rollercone on 2 5/8”Coiled Tubing

▪ Plugs drilled between 2-15 min per plug

▪ No short trips, no bit trips

ProDrill Velocity Frac Plugs

Page 19: Confidential - TEC · 2019-06-09 · Confidential 5 Material Specification Comparison Cast Iron Powdered Metal Aluminum Composite Molded Magnesium Alloy Specific Gravity 7.9 7.5-7.7

Confidential

PLUG DEPLOYMENT SYSTEMS

ProDrill Velocity Frac Plug

Page 20: Confidential - TEC · 2019-06-09 · Confidential 5 Material Specification Comparison Cast Iron Powdered Metal Aluminum Composite Molded Magnesium Alloy Specific Gravity 7.9 7.5-7.7

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Standard SystemProDrill Velocity Frac Plugs

Page 21: Confidential - TEC · 2019-06-09 · Confidential 5 Material Specification Comparison Cast Iron Powdered Metal Aluminum Composite Molded Magnesium Alloy Specific Gravity 7.9 7.5-7.7

Confidential 21

RocKit Deployment System™ProDrill Velocity Frac Plugs

Accelerated run in speeds with recessed design working as a pump down

ring without an increased plug OD

Positive indication that ball is installed prior to running

Compliments our ProDrill® Velocity™ Composite Frac Plug for accelerated run in speeds with a ball in place release system

further saving water and time on run in

Page 22: Confidential - TEC · 2019-06-09 · Confidential 5 Material Specification Comparison Cast Iron Powdered Metal Aluminum Composite Molded Magnesium Alloy Specific Gravity 7.9 7.5-7.7

Confidential 22

RocKit Deployment System™ProDrill Velocity Frac Plugs

During setting sequence the ball is released and

able to pump past the tension mandrel to the plug

ball seat

Faster slickout speeds up to 450FPM, no

swabbing effect, tool strokes into an

aerodynamic configuration

Page 23: Confidential - TEC · 2019-06-09 · Confidential 5 Material Specification Comparison Cast Iron Powdered Metal Aluminum Composite Molded Magnesium Alloy Specific Gravity 7.9 7.5-7.7

Confidential 23

Run InProDrill Velocity Frac Plugs

Page 24: Confidential - TEC · 2019-06-09 · Confidential 5 Material Specification Comparison Cast Iron Powdered Metal Aluminum Composite Molded Magnesium Alloy Specific Gravity 7.9 7.5-7.7

Confidential 24

Set PositionProDrill Velocity Frac Plugs

Radial Expanding Element

Slips shear, move up cone and

bite into casing

Tension mandrel shears and

releases from plug

Plug compression sets and locks

into place

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Confidential

Page 26: Confidential - TEC · 2019-06-09 · Confidential 5 Material Specification Comparison Cast Iron Powdered Metal Aluminum Composite Molded Magnesium Alloy Specific Gravity 7.9 7.5-7.7

Confidential