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Product Overview
Overview
Innovex has developed the the SWAGE™ Dissolvable Frac Plug. This is a 3 piece expandable frac plug composed of a proprietary dissolvable material. The plug is 100% dissolvable, which improves and clean out time and clean out effectiveness.
Innovex also offers vibration reduction tools through their DWS Product lines, including the Power Glide (friction reduction) and Ripstick (torsional and axial dampening) tools. The Power Glide tool creates aggressive pressure pulses to help overcome friction and improve slide drilling performance, with a pressure drop of 400-900 psi, whereas the Ripstick is a through-bore tool that dampens torsional and axial vibrations, using a patented rotary glide system and progressive spring stack.
Business Model
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Technology Innovations
SWAGE Dissolvable Frac Plug is 75% Less Material than Typical
- Frac Plug 5 lbs vs 20lbs of conventional composite or dissolvable
- 8” length vs 20”
- Minimal debris on coil tubing intervention
- 100% Dissolving Material
- No Elastomers / No Brass / No Aluminum / No Carbide
- Dual Metal to Metal Seal
- No Moving External Parts Eliminates Risk of Pre-Setting - Zero presets in 18,000 runs
- Large Bore Frac Plug – 3.5” ID
- Ball in place optional (300+ ball in place plugs to date)
- Priced reasonably so that intervention is still possible and economical - Saving 30-40% on coil costs due to ease of millout
Power Glide and Ripstick
- Outperform the market leaders in terms of performance, reliability, and customer service, with the company being an API-certified shop that manufactures the tools in-house in Texas, with a rigorous quality control process.
- The Ripstick tool, which is a torsional and axial dampening tool designed to mitigate high-frequency torsional oscillations (HFTO) that can cause damage and non-productive time (NPT) for measurement-while-drilling (MWD) and rotary steerable tools.
- The Power Glide tool, which is a friction reduction or vibratory tool that creates vibration in the drill string to help overcome friction and increase the rate of penetration (ROP) when sliding the drill pipe through the wellbore.
Applications
SWAGE™ Dissolvable Frac Plug: The Innovex plugs can be used in unconventional plug and perf operations and on extended reach laterals
Power Glide and Ripstick
- Plug-and-play, automatically reacting to downhole conditions without the need for activation
- Both these tools have over 12,600 total tool runs, with the Ripstick and Power Glide making up a significant portion of the fleet
- These tools are primarily used in the U.S. land market, with a focus on the Permian basin, but they are expanding internationally