Houston Technology Company Helps Major Operator Hear New Depths During Completion

Houston Technology Company Helps Major Operator Hear New Depths During Completion
XACT Downhole Telemetry successfully transmits data from 31k feet downhole in real time

HOUSTON (April 27, 2017) – XACT Downhole Telemetry, in conjunction with a major operator in the Gulf of Mexico, recently completed a multi-run completion deployment with real-time data coverage from a record-breaking depth of over 30,000 feet onsite in the Gulf of Mexico.

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Five Questions With Our President and CEO, Jason Roe

What drew you to XACT Downhole Telemetry?

The team, no question. While serving on the Board of XACT I was privileged to witness firsthand the world class team and culture of XACT. Coming from venture capital, I’ve had the opportunity to see many oil and gas technology companies up close, and I can tell you from experience that many technologies come and go, but it’s the team that ultimately drives its success. XACT is great example of this.

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What if… you could minimise losses and reduce potential for formation damage in real time for well depletion operations?

More and more we are seeing a growing issue of how to effectively overcome the challenges presented by depleted wells and reservoirs. This has become a significant concern in the industry and it is expected to only grow.

Globally, there are many wells that are either heavily depleted or face the challenge of needing to drill through a depleted reservoir to reach a deeper target. Such situations can create a significant pressure overbalance in the well resulting in a potential loss of fluid,

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Control Of Fluid Levels To Minimize Losses And Formation Damage While Maintaining Barrier Control During Completion Operations In Depleted Reservoirs

Depleted reservoirs present a range of potential issues for operators, chief among them is controlling fluid levels to ensure they are minimizing losses and formation damage while maintaining barrier control. XACT is taking real-time downhole data and using it to drive informed decision making and allow operators to successfully engineer and safely control completion operations in depleted reservoirs. Read more here

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Five Questions With Our CFO, Tara Leray

Recently, Tara Leray joined the XACT team as CFO, bringing her entrepreneurial spirit and her 7 years of experience in the industry to the team.

We asked Tara to introduce herself and share what excites her about joining XACT and what she hopes to achieve in her role.

What drew you to XACT Downhole Technology?

I liked what the technology could do. Imagine having real time data in environments that have not been accessible before,

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