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Product Overview
Overview
Crown Oil Tools is a product development company focused on lowering operating costs in the completion segment of the Oil and Gas industry. Though the company is a new entrant, its leadership and associates have spent their entire careers leading large, innovative Oil and Gas manufacturing companies and applying new technology in the completions and production spaces.
Crown Oil Tools relies on years of design, manufacturing, and application experience to solve urgent industry issues. Born in a time of great financial challenge, market feedback on what the most urgent issue is has been quite clear - lower operating costs without sacrificing safety or reliability. Rather than making small, incremental changes to existing technology, Crown prefers to take that feedback and engineer truly innovative solutions. As a result, the company's flagship product, the Crown Connect System, reflects an effort to engineer complexity out of existing solutions for connecting Pressure Control Equipment to the well. The result is an elegant solution that improves safety, and improves cycle team, while reducing both upfront and operational costs.
Crown Connect™ uses a unique, proprietary, design to allow for a 10,000 psi maximum working pressure connection with no human contact. The system is fully mechanical, simplifying its operation compared to more complex hydraulic remote operated systems. The same crane operation used to hoist equipment in place is the motion used to create the connection. The vertical motion downward, provided by gravity, and the vertical motion upward, provided by a crane are all that is necessary to couple/decouple. A physical barrier exists that will not allow for decoupling due to human error or miscommunication while the connection is under pressure.
Business Model
Contact Crown Oil Tools for details
Technology Innovations
Fully mechanical quick connect system with zero personnel in the red zone
Simple latch mechanism activated relying on gravity to couple - no hydraulics and no manual operation
Custom delivery skid that fits in the back of a standard pickup truck
Applications
Rapid wellhead connection for hydraulic fracturing operations. Current solutions can be overly complex and, therefore, the costs associated with them can negate much of the financial benefit associated with improved efficiency.