Product 1:

• Automated Mud Skid: Modular technology for continuous, automated mud checking, eliminating infrequent, manual checks by a mud engineer

Product 2:

• Soft Sensor: Self tuning “soft” sensor to predict drill string friction and downhole toolface

Product 3:

• High-End Modeling & Control Software: Software in support of products 1 and 2

Rent unit per day rate

• New non-API mud test methods to allow real-time and automated measurement, licensed exclusively by SPYDR from the University of Texas at Austin
• Successful field trials (oil-based and water-based muds) concluded with major independent operator (Pioneer Natural Resources) in the Permian
• New Mud Skid designs developed with reduced footprint and modular character, such that new measurement techniques can be easily added (upgrading older designs)
• Operating costs lower than industry competitors (Halliburton, Schlumberger), suitable for low-cost land operations
• New drill string and toolface modeling and control capability, licensed exclusively by SPYDR
• Field deployment of soft sensor technology ongoing with Precision Drilling in Canada
• Instance of soft sensor coded into NOVOSTM control system by NOV

Modeling and software capabilities:

• Stand-alone hydraulics modeling capability (SPYDR Hydraulics), with extended modeling features not offered by industry software (e.g. Halliburton’s Welplan)
• Real-time hydraulics modeling capability (SPYDR RT Hydraulics), offering the ability to simulate ECD during all well operations, providing a very low cost PWD alternative
• State-of-the-art multiphase flow modeling capability for kick and kick control simulations, offering functionalities not offered by industry software (E.g. Schlumberger’s Drillbench)
• MPD control system, with ability to update hydraulics module using real-time mud rheology parameters coming off the Automated Mud Skid
• WITSML and OPC interfaces to data-aggregators (e.g. Pason, MDTotco)

Product 1:

• Optimize mud chemical usage, e.g. unnecessary dilution and over treatment of the mud
• Reduce invisible lost operational time, e.g. ROP reduction from solids-laden muds
• Reduce non-productive time, e.g. well control and lost circulation events from poor mud weight control
• Optimum Managed Pressure Drilling (MPD) control in the field through real-time mud rheology updates

Product 2

• High-fidelity simulation of drill string behavior, eliminating the need for friction tests
• Eliminating harmful “stick-slip” torsional vibrations using feed forward control
• Allowing closed-loop directional toolface control for automated directional drilling

Product 3

• “Poor-Boy” real-time ECD estimation and control for low-cost land wells, “virtual PWD”