In recent years, oil and gas operators’ preference between bundled vs. a la carte products and services has shifted. Since the oil price decline in 2014, most operators have continued to place an emphasis on “debundling” the supply chain by purchasing products directly from the producer of the product in order to improve their margins. These margins were previously captured by large energy service companies that would source the products and provide them as a bundled solution to operators. For example, five years ago, it was very common for a frac company to supply chemicals and sand, which were procured from third-party vendors, to an operator at a price mark-up in addition to providing frac horsepower. This “decoupling” of the energy service supply chain is forcing many product and service providers to reevaluate their business model.

Today, the upstream energy services industry, especially the completion sector, is tasked with doing more with less. There continue to be new, innovative technologies that provide enhanced visibility into frac efficacy and identify the optimal volume/mix of water, sand, and chemicals required to maximize production. These technologies are the solution for energy service companies to maintain attractive profitability and avoid competing solely based on price and equipment quality. The question is, do the incumbent energy service companies have the capital/balance sheet strength to acquire/align with the providers of these new innovative offerings? Or will the earnings from these technologies be captured by others?

For this Company Spotlight, we interviewed ReStream Solutions, a Tally Energy Services subsidiary, President, Billy Roberts, about how they are helping operators optimize frac efficacy and production-related processes. Through the integration of proprietary software/hardware offerings, ReStream monitors fluid chemistry, rheology and process variables in real-time, while providing automation tools to the chemical application process. For more information on ReStream, please visit www.restreamsolutions.com.

Background: ReStream was founded in 2016 by a team that was focused on recycling produced water for frac use. In order to achieve uniform fluid system application, and obtain the tool sets necessary to identify frac fluid efficacy, ReStream began the process of developing a system that could react to constantly changing fluid conditions and give customers the controls and visibility required to handle the dynamic conditions often experienced on a frac pad. Fast forward to today, ReStream offers an integrated solution that combines sensor hardware with a cloud-based dashboard and notification system that not only collects data in real-time but also automatically transforms it into valuable information for both E&P operators and completion service providers.

Value Proposition: By utilizing ReStream’s solution, customers realize the following benefits:…..READ MORE

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Related Press Release: Oseberg Launches RECON Automated Intelligence Offering

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Energy Technology Musings

Continued Decoupling of the Energy Services Supply Chain