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Peak Completions introduces record-breaking stimulation sleeve

Precision technology provides operators with up to 62 independently-treated stages, the most possible to date

Nov 13, 2012 – Peak Completions has added the high performance Super-Port™ to its line of multistage stimulation offerings. The Super-Port™ is a ball actuated frac sleeve utilizing reduced increment ball seats that are precision engineered to provide high reliability and an increased number of stages, bringing operators enhanced stimulation capabilities.

The Super-Port™ utilizes Peak’s standard frac balls allowing operators to sustain low costs and ease of millout. The sleeve maintains a true 10k psi differential rating and provides an increased flow rate compared to other openhole multistage systems currently on the market.

"Our new Super-Port™ demonstrates the great strides we are making with many of our newest technologies. The sleeve system offers several key benefits to operators who want to increase their completion efficiencies," says Ray Hofman, President and CEO of Peak Completions. He continues, "Operators completing extended-reach wells with high numbers of stages in the Bakken, for instance, will be able to increase their production while drastically decreasing costs, completion cycle time, and operational risks."

The 5.5" openhole system offers up to 62 stages, while the 4.5" system can provide 46 stages. The Super-Port™ can be combined with several other of Peak's technologies to create a hybrid system of single and multiple sleeves per stage which would further increase the number of possible stages and exit points. Operators have numerous choices for zonal isolation, including the hydraulically set Predator™ packer or the SwellShark™ swellable packer. The Super-Port™ is also available for cemented, multilateral, and HPHT applications.

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Peak Completions is a leading oil and gas completion technology company providing in-house engineering, its own manufacturing, and dedicated service to operators around the globe. Peak specializes in cutting-edge openhole and cemented multistage stimulation systems that maximize production, reduce costs, and minimize risks.

Peak Completions systems have been installed in the major producing basins and exploratory projects worldwide. The Peak team is dedicated to providing the highest level of excellence: field-proven technologies, ultra-efficient operations, and unparalleled customer service.

For a customized, fit-to-your-well presentation, please contact your local Peak representative.

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Acquisitions help Peak Completions diversify its completion technology

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Oil Editor, Midland Reporter-Telegram

"I moved here from Canada at the request of different oil companies with different projects," said Ray Hofman, President and Chief Executive Officer of Peak Completion Technologies, Inc.

Finding his way to Midland, he founded Peak in December 2003, specializing in multi-lateral completion technologies, including open hole multi-stage completion systems and cased hole multi-stage completion systems. "We're a full-service completion company, from remedial well bore repair to high-end multi-stage fracturing of horizontal wells."

With the recent acquisition of Summit Downhole of Houston, the company has expanded its services to offer engineering solutions by expanding its inhouse engineering group. "Oil companies can come to us with specialized applications," he said. "We'll design the tools and enhance the programs around their needs or we'll design the make-up of the frac itself," Hofman said.

While Peak has diversified by adding tools and expanded engineering, Hofman doesn't see the company diversifying further.

"To diversify is to step out of your expertise," he said. "We have new technology on the horizon to expand what we're doing in completions."

"One tool in developing that technology is Peak's field crews," said Kerry Hatley, Vice President of Operations. "We listen to our hands," he said. "If a customer tells one of our hands of a wish he has that could contribute to the equipment, we'll listen."

The growth is part of a strategy Hofman said he and Hatley implemented in 2006 to expand the company, which is headquartered in Midland with offices in Snyder, Brownfield, Perryton, San Antonio, Tyler, Plano and Houston and in Oklahoma City and Woodward, Okla. and Buckhannon, West Va. Having started with six employees, the company now employs about 200. The company is experiencing a strong 2010 and expects another strong financial performance next year.

"We're a growing presence in the Permian Basin and expanding into other regions," Hofman said.

There has been an increase in demand for Peak's completion services locally and Hatley said work has also been growing in "South Texas with the Eagle Ford, East Texas with the Haynesville and West Virginia is starting to explode."

Peak has an international presence, with Hofman saying the company has worked in Canada, Mexico, China, the Middle East, Africa, Indonesia, South America and Russia.

The two men said Peak's focus is on making oil and gas projects efficient and economic. There are a lot of old wells in the Permian Basin, Hofman observed, that might not be economical at low oil prices. But, he added, companies like XTO and Cimarex have revitalized old fields through Peak's technology.

Peak personnel will supervise the completion process and oversee the installation of packers, he added.

It is the people in the field doing the work that get the credit for the company's success, Hofman and Hatley agree.

"We have quality equipment backed by quality people," Hofman said. "Without the people we wouldn't be where we are today."

Even with the best equipment, added Hatley, "if you don't have the people to back (the equipment) up, you're washed up."

Their people, they said, is why safety is an essential part of the way Peak does business, because they want their employees and the environment to be safe.

"Our people are not expendable," said Hofman. "We know that working for this company is a commitment, so we make the same commitment to them."

(Published in the Midland Reporter-Telegram Sunday October 31, 2010)

Peak Receives Outstanding Safety Award from Chevron

MCBU Safety AwardMIDLAND, Texas—Peak Completion Technologies, Inc. was recently recognized with the Mid-Continent Business Unit (MCBU) safety award at the 2014 Chevron MCBU CHESM forum event. Permian Asset Manager, Mitch Mamoulides, presented the award to Kerry Hatley, President of Peak, and Terry O’Brain, Health and Safety Manager, for operating incident-free and zero TRIR on Chevron locations for nine consecutive years.

“I am extremely proud of Terry’s efforts to maintain a safe work environment for all Peak employees and customers,” Hatley said. “We look forward to maintaining a safe and successful partnership with Chevron”.

"We empower our employees to safely do their job, and I am proud to be recognized with an award that reflects our long standing commitment to safety,” O’Brain said.

Companies receiving this award must consistently prove their leadership abilities while maintaining a safe work environment, as stated in Chevron’s Foundation of fatality preventions. Going forward, Peak Completions will continue to strive for greatness and be safe while performing their day-to-day operations.

About Peak Completions Peak Completion Technologies, Inc., is a leading oil and gas completion technology company providing in-house engineering, manufacturing, and dedicated service to operators around the globe. Peak specializes in cutting-edge openhole and cemented multistage stimulation systems that maximize production, reduce costs and minimize risks.

Peak’s systems have been installed in the major producing basins and exploratory projects worldwide. The Peak team is dedicated to providing the highest level of excellence; ultra-efficient operations, field-proven technologies and unparalleled customer service.

For a customized, fit-to-your-well presentation, please contact your Peak representative.

Press Releases

# Article Title Date  
       
1 Peak receives outstanding safety award from Chevron Monday, 24 November 2014  
       
2 Peak Completions introduces record-breaking stimulation sleeve Tuesday, 13 November 2012  
       
3 Acquisitions help Peak Completions diversify its completion technology Sunday, 31 October 2010  
       
4    Summit Downhole, Inc. Acquired by Peak Completion Technologies, Inc.      Wednesday, 22 September 2010  

 

 

 

 

 

 

 

 

 

 

Summit Downhole, Inc. Acquired by Peak Completion Technologies, Inc.

FOR IMMEDIATE RELEASE 09/22/2010

Peak_SummitPeak Completion Technologies, Inc., has acquired Summit Downhole Dynamics, Ltd., located in Houston Texas. Summit Downhole is a dynamic engineered product development company, servicing both operators and service companies in the oil and gas industry. Established in August 2008, Summit Downhole has been on the leading edge of completion tool development. Combining proven technologies and innovative solutions, Summit Downhole presently has 6 patents pending.

Ray Hofman, President and CEO of Peak Completions observed, "Summit's extensive Oil Field engineering experience, coupled with Peak's extensive experience in the completions disciplines will allow the new team to provide extremely reliable engineering solutions. The addition of Summit's engineering expertise to Peak's stellar in-house engineering group gives us the ability to provide simplicity through design and innovation to produce the most reliable, cost effective solutions in the market. Our goal is to simplify completions through innovation."

Peak Completion Technologies, Inc was established in December 2003, and specializes in multi-lateral completion technologies. Peak Completions offers a full range of completion designs and products for all completion techniques. Peak Completions has several locations throughout the US, Corporate Headquarters are located in Midland, Texas.

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