THE Oil. PATCH. REPORT
`Joel Chury
`
`Packers Plus technology becoming
`the industry standard
`You stick a Band-Aid“ on a wound. You
`
`Xerox“ your resume to hand out to employ-
`ers. When you're completing a horizontal
`well,
`in a tight formation, you Packers
`Plus” the heck out of it to free flow those
`
`reserves. Okay, so the name Packers Plus
`hasn't quite caught on as a verb yet, but
`it’s_clcse. Alter 10 years of marketing their
`innovative Stack'E'RAC" system, Packers
`Plus has become the darling of the oil and
`gas sector. not just in North America, but
`worldwide.
`
`"1 was recently in Italy for the Society
`of Petroleum Engineers‘
`[SPE] Annual
`'lechnical Conference," mys Dan Themig
`oo-founder and CEO of Packers Plus. "We
`
`co-authored three papers with some oil
`companies, but I was able to sit in on a
`couple ofother papers and discovered that
`[Packers Plus] had kind of become a bit of
`a household name."
`
`expert. Mike
`World-renowned free
`Conway, talked about the complex dit‘fi-
`culties he'd experienced in fracturing, and
`using other methods like cemented liners.
`'plug and per!" and open hole. Conway
`said, "I even have these issues sometimes
`with Packers Plus systems. It was quite
`flattering to be at a world-renowned con-
`ference and hear our name used as a class
`
`of technologies," said Themig.
`Packers Plus has come a long way since
`its humble beginnings in January of 2000.
`Their mission, from the outset, was to
`
`be a high-end, high-value provider of
`oil well oompletion technology. at a time
`when completion tools were woefully
`inadequate. Most of the development
`money was spent on logging and drilling
`technology. The Packers Plus team made
`inroads with their developments and sun-
`passed what anyone in the industry had
`accomplished.
`74 vmm-v.resounoennrld.oo2n
`
`"Our tipping point came unexpectedly
`when a company out of Houston sent
`their Vice President to Canada looking for
`technology to complete horizontal wells in
`gas reservoirs, something that really just
`wasn't happening at the time," rv:rnern-
`bers The:-nig. "They came up to meet with
`seven companies, including us, which was
`just a very small Canadian organization at
`the time. ‘We'd already begun to do some
`work in North Dakota in some really chal-
`lenging horizontal wells... He came in and
`we were supposed to talk For 2.0 minutes
`or so, and we ended talking for almost
`an hour and a half. After that, he asked
`
`us to go down and meet with their tech-
`nical group in Midland. Texas. That was
`the start of our endeavour into nmlti-vmge
`fracturing."
`That I-Ioustovn-based company was ‘BOG
`Resouroes [EOG-NYSE}, which is one of the
`many major drillers and producers in North
`America that has utilized Packers Plus’ ser-
`
`vices. Other majors that have received the
`Packers Plus bump in production include
`IixxnnMobil §XOM—NYSE}, Devon Energy
`[DVN-NYSE]. Anadarko Petroleum Corp.
`[AFC-NYSE}, Murphy Oil {MUR-NYSE].
`Penn West Energy Trust [PWT.UN-TSX.
`l‘-"WE-NYSE] and Bncana Corp. [ECA-TSX ;
`NYSE} to name a few.
`to the
`Thernig gives a lot of credit
`smaller
`companies
`that Packers Plus
`has worked with to push boundaries
`and find new ways to develop reserves
`economically. Despite
`the
`fict
`that
`it
`isn't
`a publicly traded company.
`you've probably heard the name Packers
`Plus in press releases and news stories
`especially those pertaining to the Bakken
`formation, where the company's technol-
`ogy helped to economically unlock the
`tightly packed reserves. Packers Plus’ work
`
`with groups like Crescent Point Energy
`Corp. [CPG-TSX] and Petrofiakken [PEN-
`TSX] has been more than just mutually
`beneficial.
`
`Strategies developed in_ areas
`Saskatchewan and North Dakota
`
`like
`for
`
`the Bakken are now being successfully
`transferred to big plays like the Car-dium
`in Alberta with partners such as Celtic
`Exploration Ltd.
`[CLT—TSX] and Orlean
`Exploration [OEX-TSX]. Packets Plus
`technology is being ptilized in the Horn
`River play in BC, Norwegian and British
`operations in the North Sea. West Africa.
`China and Saudi Arabia. Demand for their
`
`equipment is likely to increase as there is
`a worldwide shortage developing for frac-
`turing equipment.
`"The dynamics of our work are always
`changing, and if you look at the fracturing
`work being done in BC there is a short-
`age in equipment," says Themig. "Even
`Sehlumherger is sold out well into 2011.
`as far as free equipment goes. Going for-
`ward you're going to see a drive towards
`efliciency. and you're going to see a drive
`by Packers Plus as we've got a number of
`technologies due to be unveiled that will
`improve eiliciency even beyond where it%
`at right now."
`Considering the growth that Packers
`Plus has seen in its first decade of opera-
`tion. the sky is the limit on what the team
`can achieve. Currently. there are over 50
`companies in Canada alone that are using
`Packets Plus this year, and that number is
`bound to grow. Boasting superiority over
`typical cement
`liner methods. Packers
`Plus is seeing enhanced recoveries of
`40-70% increases using their open hole
`system. Soon the name Packers Plus will
`be used synonyrnously with efficiency and
`increased production. I
`DECEMBER 20l0/_!ANUA|tY20il
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`Exhibit 2008
`IPR2016-01517