Send2Press Newswire » Sharewell L.P.

Sharewell L.P. Successfully Deploys Electro-Trac EM System to a Total Depth of 13,000-feet in the Dakota Formation of the Rocky Mountains

Sharewell L.P. — Tue, 12 Apr 2011 18:27:46 +0000

HOUSTON, Texas, April 12 (SEND2PRESS NEWSWIRE) — Sharewell Energy Services, a division of Sharewell L.P., announced today that it just completed the drilling of a well in the Rocky Mountain area with its proprietary Electro-Magnetic Measurement While Drilling System (EM MWD) (Electro-Trac™) to a depth in excess of thirteen thousand feet (13,000 feet). This is a record depth for Sharewell’s state-of-the-art EM MWD technology.

Electro-Trac™ successfully steered and surveyed the above well to a measured depth of 13,065 feet (12,902 feet TVD) accumulating 700+ circulating hours without failure. This was accomplished without the use of repeaters or hard wiring. The Electro-Trac EM MWD was developed with initial funding from a Department of Energy (DOE) grant as part of the Deep Trek Initiative. Part of the Deep Trek Initiative’s focus was to develop lower cost methods of developing deep gas via development of a unique Electro Magnetic transmission system.

Conventional EM MWD systems have depth limitations due to their inability to generate the required amplitude necessary to penetrate the increasing overburden of the surrounding geology, and/or detect and adequately filter the ambient noise. EM MWD technology is preferred over traditional, “mud pulse” MWD systems which require generation and subsequent acquisition of fluid pressure changes to transmit the required data. EM MWD saves operators substantial survey time which translates into cost savings for oil and gas operators.

Sharewell L.P. is successfully operating the Electro-Trac™ MWD system in multiple reservoirs/basins including Eagleford Shale, Barnett Shale, Marcellus Shale, New Albany Shale, Fayetteville Shale, Antrim Basin, San Juan Basin, Piceance Basin, and Uinta Basin.

Sharewell L.P. is an independent privately owned company specializing in directional drilling and measurement while drilling services and technology located in Houston, Texas and Rifle, Colo. For more information on the company or to learn more about the company’s EM technology please contact Mark West or Greg Turner @ 713-983-9818. Website: http://www.sharewell.com .

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News Source: Sharewell L.P. :: This press release was issued on behalf of the news source by Send2Press® Newswire, a service of Neotrope®. View all current news at: http://Send2PressNewswire.com .

Sharewell L.P. Completes the Purchase of its Electro-Trac EM Technology from E-Spectrum Technologies, Inc.

Sharewell L.P. — Mon, 27 Sep 2010 07:58:55 +0000

HOUSTON, Texas (SEND2PRESS NEWSWIRE) — Sharewell L.P. is pleased to announce that it has completed the purchase of the patented, proprietary EM MWD technology jointly developed pursuant to an exclusive license agreement between E-Spectrum Technologies and Sharewell L.P. This unique technology was initially developed by E-Spectrum in cooperation with the Department of Energy (DOE) as part of a “Deep Trek” initiative to foster new technologies to facilitate exploration for deep natural gas resources.

Mark West, Sharewell’s President, stated that, “Due to the rapid commercial success and increasing demand for the technology, we are very pleased to be in a position to purchase the technology well before the end of the option term, a full year ahead of schedule. With the purchase of the technology Sharewell receives an assignment of the Licensed Patent, the technology and all ownership rights therein.”

With over 15,000 operating hours in multiple basins of N. America, Sharewell’s patented EM system is capable of identifying, transmitting and decoding very weak signals. The technology successfully operates at greater depths than other EM systems and in formations not favorable to EM wave propagation. Sharewell believes these capabilities distinguish the Electro-Trac™ EM technology from other EM systems currently in use.

Sharewell’s EM technology saves the operator time and money by transmitting data faster than mud-pulse and by providing continuous transmission even while making connections. Unlike traditional mud pulse MWD transmission systems, EM technology does not rely on drilling fluids to transmit pressure pulses to the surface. Because EM systems have no moving parts or fluid restrictions, they are more reliable than conventional mud pulse tools.

Sharewell L.P. is a privately held service and technology company providing premium directional drilling products, services and technology to the oil and gas and pipeline and utility industries worldwide.

For more information on the Company or to learn more about the Company’s EM technology please contact Mark West or Greg Turner at 713-983-9818.

More information online: www.sharewell.com .

News Source: Sharewell L.P. :: This press release was issued by Send2Press® Newswire.

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STORY REFERENCES: Sharewell L.P. Completes the Purchase of its Electro-Trac EM Technology from E-Spectrum Technologies, Inc., Electro-Trac EM, Sharewell LLP, Mark West, Greg Turner, EM MWD technology, ElectroTrac, directional drilling products, services and technology to the oil and gas and pipeline and utility industries, DOE Deep Trek initiative

Sharewell L.P. Continues to Successfully Deploy its Electro-Trac EM system in Unconventional Basins in the Continental United States

Sharewell L.P. — Mon, 15 Feb 2010 14:04:15 +0000

HOUSTON, Texas (SEND2PRESS NEWSWIRE) — Sharewell L.P. announced that it continues to successfully deploy its Electro-Trac(TM) EM system in major producing unconventional basins. The Company’s patented, proprietary EM-MWD system has now been successfully deployed in the Rocky Mountains, Barnett Shale, Fayetteville Shale, Haynesville Shale, and New Albany Shale. The Company’s next challenge will be a test in the Eagleford Shale which should occur in the next two weeks.

Sharewell’s patented EM system is capable of identifying, transmitting and decoding very weak signals. The technology successfully operates at greater depths than other EM systems and in formations not favorable to EM wave propagation. Sharewell believes these capabilities distinguish its EM technology from other EM systems currently in use.

For more information on the Company or to learn more about the Company’s EM technology please contact Mark West or Greg Turner at 713-983-9818. Website: www.sharewell.com .

Sharewell L.P. Successfully Transmits Electro-Magnetic MWD Data through the Highly Resistive Marble Falls Formation in the Barnett Shale

Sharewell L.P. — Mon, 14 Sep 2009 13:42:00 +0000

HOUSTON, Texas (SEND2PRESS NEWSWIRE) — Sharewell L.P. announced that it successfully drilled through the Marble Falls formation in the Barnett Shale in North Texas with its new Electromagnetic Telemetry (“EM”) MWD. The company’s patented, proprietary EM-MWD system effectively transmitted data on a Barnett Shale horizontal well at a depth of 6,533 feet through 430 feet of the Marble Falls (Lower Pennsylvanian) formation, a high resistivity formation. The Sharewell EM technology decoded quality survey, tool face and gamma ray data at bottom and during connections.

Sharewell’s patented EM system is capable of identifying, transmitting and decoding very weak signals. The technology successfully operates at greater depths than other EM systems and in formations not favorable to EM wave propagation like the Marble Falls. Sharewell believes these capabilities distinguish its EM technology from other EM systems currently in use.

* Transmission used Sharewell’s patented Electro-Magnetic (“EM”) technology.
* Data was received through a 430 foot section of the Marble Falls at a depth of 6,533 feet.
* Project demonstrates the superior capabilities of Sharewell’s EM technology.

For more information on the Company or to learn more about the Company’s EM technology please contact Mark West or Greg Turner @ 713-983-9818. Web site: www.sharewell.com .