The startup provides energy products that enhance the life cycle of oil, gas, and geothermal wells through tubular products, rental equipment, and engineering services. By improving asset value and operational efficiency, the company helps clients minimize environmental risks associated with well operations.
Funding
$10.3M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Oil, gas, and geothermal wells face challenges related to maintaining well integrity throughout their lifecycle, leading to potential wellbore failures and environmental risks. Existing solutions may not adequately address issues such as sustained casing pressure, inefficient resource recovery, and the need for well abandonment or slot recovery.
Solution
Wellbore Integrity Solutions (WIS) provides a suite of products and services designed to enhance well integrity and extend the lifecycle of oil, gas, and geothermal wells. WIS offers well intervention services, including fishing and remedial operations, wellbore departure, and thru-tubing services, as well as tubular services encompassing inspection, repair, and manufacturing. The company's rental equipment division provides high-quality oilfield rental tools and surface equipment, while its engineering services offer expertise in casing repair, slot recovery, and BHA design. WIS's solutions aim to ensure sustainable resource recovery, prevent wellbore failures, and address challenges like sustained casing pressure.
Target Audience
The primary target audience includes oil, gas, and geothermal operators seeking to maintain well integrity, enhance resource recovery, and minimize environmental risks associated with well operations.
Features
- Red Baron® well intervention services for fishing, wellbore departure, and thru-tubing operations
- TrackMaster™ systems for wellbore departure, including whipstock systems and cementing systems
- ProMAXX™ and ProLATCH™ systems for casing cutting and recovery during well abandonment
- ProMILL™ systems for milling and underreaming, including dual casing section mills
- DRILCO® tubular services, including inspection, repair, and manufacturing of drill collars and drill pipe
- Thomas Tools® rental equipment, including high-torque drill pipe, tubing, and BOPs
- CHIMERA wellbore cleanout tools for casing cleaning, debris management, and wellhead cleaning
- Engineering services for well intervention, workover planning, sidetrack optimization, and drill string analysis
- Solutions for sustained casing pressure remediation, including specialized milling systems and fiber optic technology