Packers Plus Energy Services

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Revision as of 20:08, 8 May 2024
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{{Short description|Oil and Gas company}}{{Short description|Oil and Gas company}}
{{Use mdy dates|date=May 2024}}
{{Infobox company{{Infobox company
| name = Packers Plus Energy Services Inc.| name = Packers Plus Energy Services Inc.
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| location = [[Calgary, Alberta]]| location = [[Calgary, Alberta]]
}}}}
'''Packers Plus Energy Services, Inc.''' is a privately held, [[Calgary]]-based oil and gas service company.<ref name="MultistageFracturing">Seale, R, Donaldson, J., Athans, J. (2006). "Multistage Fracturing System: Improving Operational Efficiency and Production". Paper SPE 104557-MS presented at the SPE Eastern Regional Meeting in Canton, Ohio, USA, October 11–13, 2006.</ref><ref>Seale, R. (2007). "An Efficient Horizontal Open Hole Multi-Stage Fracturing and Completion System". Paper SPE 108712-MS presented at the 2007 SPE International Oil Conference and Exhibition in Veracruz, Mexico, June 27–30, 2007.</ref> The company is the innovator of StackFRAC, an open hole multi-stage ball drop completion system.<ref name="Well Construction">{{cite news|work=Well Construction Journal|date=January–February 2013|title=Lateral Movement|author=J. Lynn Fraser}}</ref> Packers Plus was founded in 2000 by Dan Themig, Ken Paltzat and Peter Krabben.<ref>{{cite news|work=The Calgary Herald|date=February 12, 2014|title=Innovation-Groundbreaking innovation in Calgary|author=Calgary Herald}}</ref> Stuart Wilson is President and CEO of the company.<ref>{{cite web | url=http://packersplus.com/packers-plus...to-one-tool-with-the-toe-xt-hydraulic-sleeve/ | title=News: Simplicity and Reliability to Stimulations | date=15 November 2018 }}</ref> Packers Plus' patent on the StackFRAC system was invalidated by a Canadian Federal Court judge in December 2017. The judge's decision stemmed from his conclusion that the StackFRAC technology was "obvious to skilled persons".<ref>{{Cite news|url=http://business.financialpost.com/p...patent-is-invalid#comments-area|title=Federal Court judge finds Packers Plus fracking technology patent is invalid|date=2017-12-08|work=Financial Post|access-date=2018-03-25|language=en-US}}</ref> Packers Plus has appealed this ruling.<ref>{{Cite news|url=http://www.cbc.ca/news/canada/calga...ing-technology-patent-1.4488749|title=Packers Plus files appeal of court ruling that fracking technology patent is invalid {{!}} CBC News|work=CBC|access-date=2018-03-25|language=en-US}}</ref>'''Packers Plus Energy Services, Inc.''' is a privately held, [[Calgary]]-based oil and gas service company.<ref name="MultistageFracturing">Seale, R, Donaldson, J., Athans, J. (2006). "Multistage Fracturing System: Improving Operational Efficiency and Production". Paper SPE 104557-MS presented at the SPE Eastern Regional Meeting in Canton, Ohio, USA, October 11–13, 2006.</ref><ref>Seale, R. (2007). "An Efficient Horizontal Open Hole Multi-Stage Fracturing and Completion System". Paper SPE 108712-MS presented at the 2007 SPE International Oil Conference and Exhibition in Veracruz, Mexico, June 27–30, 2007.</ref> The company is the innovator of StackFRAC, an open hole multi-stage ball drop completion system.<ref name="Well Construction">{{cite news|work=Well Construction Journal|date=January–February 2013|title=Lateral Movement|author=J. Lynn Fraser}}</ref> Packers Plus was founded in 2000 by Dan Themig, Ken Paltzat and Peter Krabben.<ref>{{cite news|work=The Calgary Herald|date=February 12, 2014|title=Innovation-Groundbreaking innovation in Calgary|author=Calgary Herald}}</ref> Stuart Wilson is President and CEO of the company.<ref>{{cite web | url=http://packersplus.com/packers-plus...to-one-tool-with-the-toe-xt-hydraulic-sleeve/ | title=News: Simplicity and Reliability to Stimulations | date=November 15, 2018 }}</ref> Packers Plus' patent on the StackFRAC system was invalidated by a Canadian Federal Court judge in December 2017. The judge's decision stemmed from his conclusion that the StackFRAC technology was "obvious to skilled persons".<ref>{{Cite news|url=http://business.financialpost.com/p...patent-is-invalid#comments-area|title=Federal Court judge finds Packers Plus fracking technology patent is invalid|date=December 8, 2017|work=Financial Post|access-date=March 25, 2018|language=en-US}}</ref> Packers Plus has appealed this ruling.<ref>{{Cite news|url=http://www.cbc.ca/news/canada/calga...ing-technology-patent-1.4488749|title=Packers Plus files appeal of court ruling that fracking technology patent is invalid {{!}} CBC News|work=CBC|access-date=March 25, 2018|language=en-US}}</ref>
==History====History==
In January 2000, Dan Themig, Peter Krabben and Ken Paltzat founded Packers Plus Energy Services, Inc. Eighteen months later, Dan Themig was asked by a Houston-based company to present ideas on how to increase production in a horizontal well.<ref>Williams, P. (2008). "Horizontal Resources". Excerpted from ''Oil and Gas Investor''. [[Hart Energy Publishing]]: Houston, TX.</ref><ref name=PwC>{{cite news|work=PwC|date=January 2, 2013|title=Private Property|author=Scott Westin}}</ref> Themig sketched a few ideas on a napkin on a flight from Calgary to Houston to present to the customer. The Houston-based company chose what would later become the StackFRAC system.<ref name="Well Construction"/><ref name=PwC/><ref name="Frac For All">Stastny, P. (November 2009). "Frac For All". ''Oil Week''.</ref> StackFRAC is an open hole ball drop completion system credited with unlocking unconventional resources once thought to be uneconomical to produce.<ref name="Well Construction"/><ref name="Canadian Oilpatch Technology Guidebook">{{cite news|work=Canadian Oilpatch Technology Guidebook|volume=4|year=2012|title=Leading The Way|author=Jim Bentein}}</ref> The company is also focused on high pressure/high temperature applications, high pressure retrievables and specialty downhole tools.<ref name="Well Construction"/> Packers Plus also created the QuickFRAC batch fracturing system, the SF Cementor stage tool and Titanium XV HPHT system.<ref>{{cite news|work=Drilling Contractor|title=Horizontal Completions|date=September–October 2013}}</ref><ref>{{cite news|work=Business in Calgary|title=A Decade of Innovation|date=May 2010}}</ref><ref>Polczer, S. [https://calgaryherald.com/Packers+Plus+leads+drilling+revolution/1828440/story.html]. "Packers Plus leads drilling revolution". ''Calgary Herald''. Retrieved November 11, 2009.</ref> In 2015, the Packers Plus ePLUS Retina Monitoring System won the World Oil Best Visualization and Collaboration award.<ref>{{Cite web|url=http://www.worldoil.com/events/wo-awards/2015-winners|title=Winners {{!}} WO Awards{{!}} World Oil Online|website=www.worldoil.com|access-date=2016-05-08}}</ref> The Retina is designed to detect multi-stage completion system operations and their effects on the reservoir.<ref>{{Cite web|url=http://packersplus.com/solution/eplus-retina-monitoring-system/|title=ePLUS Retina Monitoring System {{!}} Packers Plus|website=Packers Plus|language=en-US|access-date=2016-05-08}}</ref>In January 2000, Dan Themig, Peter Krabben and Ken Paltzat founded Packers Plus Energy Services, Inc. Eighteen months later, Dan Themig was asked by a Houston-based company to present ideas on how to increase production in a horizontal well.<ref>Williams, P. (2008). "Horizontal Resources". Excerpted from ''Oil and Gas Investor''. [[Hart Energy Publishing]]: Houston, TX.</ref><ref name=PwC>{{cite news|work=PwC|date=January 2, 2013|title=Private Property|author=Scott Westin}}</ref> Themig sketched a few ideas on a napkin on a flight from Calgary to Houston to present to the customer. The Houston-based company chose what would later become the StackFRAC system.<ref name="Well Construction"/><ref name=PwC/><ref name="Frac For All">Stastny, P. (November 2009). "Frac For All". ''Oil Week''.</ref> StackFRAC is an open hole ball drop completion system credited with unlocking unconventional resources once thought to be uneconomical to produce.<ref name="Well Construction"/><ref name="Canadian Oilpatch Technology Guidebook">{{cite news|work=Canadian Oilpatch Technology Guidebook|volume=4|year=2012|title=Leading The Way|author=Jim Bentein}}</ref> The company is also focused on high pressure/high temperature applications, high pressure retrievables and specialty downhole tools.<ref name="Well Construction"/> Packers Plus also created the QuickFRAC batch fracturing system, the SF Cementor stage tool and Titanium XV HPHT system.<ref>{{cite news|work=Drilling Contractor|title=Horizontal Completions|date=September–October 2013}}</ref><ref>{{cite news|work=Business in Calgary|title=A Decade of Innovation|date=May 2010}}</ref><ref>Polczer, S. [https://calgaryherald.com/Packers+Plus+leads+drilling+revolution/1828440/story.html]. "Packers Plus leads drilling revolution". ''Calgary Herald''. Retrieved November 11, 2009.</ref> In 2015, the Packers Plus ePLUS Retina Monitoring System won the World Oil Best Visualization and Collaboration award.<ref>{{Cite web|url=http://www.worldoil.com/events/wo-awards/2015-winners|title=Winners {{!}} WO Awards{{!}} World Oil Online|website=www.worldoil.com|access-date=May 8, 2016}}</ref> The Retina is designed to detect multi-stage completion system operations and their effects on the reservoir.<ref>{{Cite web|url=http://packersplus.com/solution/eplus-retina-monitoring-system/|title=ePLUS Retina Monitoring System {{!}} Packers Plus|website=Packers Plus|language=en-US|access-date=May 8, 2016}}</ref>
==Business operations====Business operations==

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