Latest news with #PaulSims
Yahoo
15-05-2025
- Business
- Yahoo
SLB Launches Electris Tech to Boost Well Production and Recovery
SLB SLB, an American oilfield services company, has launched Electris, a new portfolio of digitally enabled electric well completion technologies designed to enhance hydrocarbon recovery and lower operational costs. The global energy technology firm stated that the Electris suite provides real-time production intelligence across the reservoir, enabling operators to maximize output and minimize costly well interventions. According to SLB, Electris completions digitalize control across the entire productive area of the wellbore. By enabling continuous monitoring and adaptive response to changing production conditions, the technology empowers operators to make faster, data-driven decisions. This results in improved reservoir management and helps recover reserves that are typically unreachable with conventional systems. Electris completions represent an advancement in reservoir management by enabling operators to maximize asset output while reducing the need for expensive well interventions, according to Paul Sims, president of SLB's Production Systems. With much of the easily extractable oil already tapped, operators are now targeting more geologically complex reservoirs. SLB believes Electris can shift the economics in these challenging environments by improving recovery factors and delivering stronger returns on investment. The company has already completed over 100 Electris installations across five countries. In Norway, Electris completions were deployed in offshore extended-reach wells to identify which zones were contributing the most to production. This allowed the operator to optimize oil output while minimizing produced water, a common byproduct that requires additional energy for lifting and reinjection. SLB noted that controlling water production with Electris also reduces the energy needed to handle and reinject treated water. This further enhances the efficiency and sustainability of operations, supporting operators' goals to reduce emissions and minimize environmental impact. As digital technologies continue to redefine the oilfield, SLB's Electris suite could mark a major leap in how producers approach well completions, particularly in the drive for more intelligent, cost-effective and high-yielding extraction. Currently, SLB carries a Zack Rank #4 (Sell). Investors interested in the energy sector may look at some better-ranked stocks like Diversified Energy Company plc DEC, Comstock Resources, Inc. CRK and RPC Inc. RES, each carrying a Zacks Rank #2 (Buy) at present. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Diversified Energy Company is an independent oil and natural gas producer in the United States. The company is primarily engaged in the production, transportation, and marketing of natural gas and natural gas liquids. The rising demand for natural gas as a cleaner-burning fuel and an uptick in the commodity's prices are expected to positively impact DEC's bottom line. Comstock Resources is a leading independent natural gas producer with core operations in the Haynesville and Bossier shale formations of North Louisiana and East Texas. The company benefits from direct access to Gulf Coast markets and the LNG corridor. It maintains one of the industry's lowest operating cost structures, and has significantly reduced its leverage. With over 1,600 high-return drilling locations offering more than 25 years of inventory, strong free cash flow supports Comstock's growing financial strength. RPC generates strong and stable revenues through a diverse range of oilfield services, including pressure pumping, coiled tubing, and rental tools. The company is strongly committed to returning value to shareholders through consistent dividends and share buybacks. RPC's current dividend yield is higher than that of the composite stocks belonging to the industry. Its new Tier IV dual-fuel fleet has boosted profits, with plans to further expand high-efficiency equipment to enhance operational capabilities. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Schlumberger Limited (SLB) : Free Stock Analysis Report Comstock Resources, Inc. (CRK) : Free Stock Analysis Report Diversified Energy Company PLC (DEC) : Free Stock Analysis Report RPC, Inc. (RES) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Trade Arabia
08-05-2025
- Business
- Trade Arabia
SLB introduces digital electric well solutions to maximise production
SLB has launched Electris, a portfolio of digitally enabled electric well completions technologies that enhance production and recovery while reducing asset ownership costs. These technologies digitally control the entire productive area of the wellbore, providing real-time production intelligence across the reservoir. This improves reservoir management and allows operators to predict, adapt, and act confidently in response to dynamic production conditions. 'Electris completions take reservoir management to the next level — making it possible for operators to get more out of their assets with fewer requirements for costly well interventions,' said Paul Sims, president, Production Systems. 'With much of the 'easy' oil already produced, operators are encountering more and more complex reservoirs. Electris completions can help shift the production economics in these reservoirs — resulting in higher recovery factors that maximise return on investment from the asset.' There have been more than 100 installations of Electris completions technologies across five countries. In Norway, Electris completions were deployed offshore to enhance oil production in an extended-reach well. The operator is using intelligence from the system to determine which zones are contributing to production to optimise oil output and minimise produced water. Controlling water production with Electris completions has decreased the energy needed to lift and then pump treated water back into the reservoir.
National Post
06-05-2025
- Business
- National Post
SLB Introduces Digitally Enabled Electric Well Solutions That Maximize Production and Recovery
Article content Article content HOUSTON — Global energy technology company SLB (NYSE: SLB) today launched Electris™ — a portfolio of digitally enabled electric well completions technologies that boost production and recovery while reducing the total cost of ownership of an asset. Article content Electris completions digitalize control of the entire productive area of the wellbore, providing real-time production intelligence across the reservoir. This enables operators to predict, adapt and act with confidence in response to dynamic production conditions — improving reservoir management over the life of the well and accessing reserves that conventional systems leave behind. Article content 'Electris completions take reservoir management to the next level — making it possible for operators to get more out of their assets with fewer requirements for costly well interventions,' said Paul Sims, president, Production Systems. 'With much of the 'easy' oil already produced, operators are encountering more and more complex reservoirs. Electris completions can help shift the production economics in these reservoirs — resulting in higher recovery factors that maximize return on investment from the asset.' Article content There have been more than 100 installations of Electris completions technologies across five countries. In Norway, Electris completions were deployed offshore to enhance oil production in an extended-reach well. The operator is using intelligence from the system to determine which zones are contributing to production to optimize oil output and minimize produced water. Controlling water production with Electris completions has decreased the energy needed to lift and then pump treated water back into the reservoir. Article content Today's announcement was made at the Offshore Technology Conference, which is taking place this week in Houston, Texas. Article content This press release contains 'forward-looking statements' within the meaning of the U.S. federal securities laws — that is, statements about the future, not about past events. Such statements often contain words such as 'expect,' 'may,' 'can,' 'estimate,' 'intend,' 'anticipate,' 'will,' 'potential,' 'projected' and other similar words. Forward-looking statements address matters that are, to varying degrees, uncertain, such as forecasts or expectations regarding the deployment of, or anticipated benefits of, SLB's new technologies and partnerships; statements about goals, plans and projections with respect to sustainability and environmental matters; forecasts or expectations regarding energy transition and global climate change; and improvements in operating procedures and technology. These statements are subject to risks and uncertainties, including, but not limited to, the inability to achieve net-negative carbon emissions goals; the inability to recognize intended benefits of SLB's strategies, initiatives or partnerships; legislative and regulatory initiatives addressing environmental concerns, including initiatives addressing the impact of global climate change; the timing or receipt of regulatory approvals and permits; and other risks and uncertainties detailed in SLB's most recent Forms 10-K, 10-Q and 8-K filed with or furnished to the U.S. Securities and Exchange Commission. If one or more of these or other risks or uncertainties materialize (or the consequences of such a development changes), or should underlying assumptions prove incorrect, actual outcomes may vary materially from those reflected in our forward-looking statements. The forward-looking statements speak only as of the date of this press release, and SLB disclaims any intention or obligation to update publicly or revise such statements, whether as a result of new information, future events or otherwise. Article content Article content Article content Article content Article content Contacts Article content Media Josh Byerly – SVP of Communications Moira Duff – Director of External Communications SLB Tel: +1 (713) 375-3407 media@ Article content Article content
Business Wire
06-05-2025
- Business
- Business Wire
SLB Introduces Digitally Enabled Electric Well Solutions That Maximize Production and Recovery
HOUSTON--(BUSINESS WIRE)--Global energy technology company SLB (NYSE: SLB) today launched Electris™ — a portfolio of digitally enabled electric well completions technologies that boost production and recovery while reducing the total cost of ownership of an asset. Electris completions digitalize control of the entire productive area of the wellbore, providing real-time production intelligence across the reservoir. This enables operators to predict, adapt and act with confidence in response to dynamic production conditions — improving reservoir management over the life of the well and accessing reserves that conventional systems leave behind. 'Electris completions take reservoir management to the next level — making it possible for operators to get more out of their assets with fewer requirements for costly well interventions,' said Paul Sims, president, Production Systems. 'With much of the 'easy' oil already produced, operators are encountering more and more complex reservoirs. Electris completions can help shift the production economics in these reservoirs — resulting in higher recovery factors that maximize return on investment from the asset.' There have been more than 100 installations of Electris completions technologies across five countries. In Norway, Electris completions were deployed offshore to enhance oil production in an extended-reach well. The operator is using intelligence from the system to determine which zones are contributing to production to optimize oil output and minimize produced water. Controlling water production with Electris completions has decreased the energy needed to lift and then pump treated water back into the reservoir. Today's announcement was made at the Offshore Technology Conference, which is taking place this week in Houston, Texas. For more information about SLB's Electris electric completions technologies, visit About SLB SLB (NYSE: SLB) is a global technology company that drives energy innovation for a balanced planet. With a global footprint in more than 100 countries and employees representing almost twice as many nationalities, we work each day on innovating oil and gas, delivering digital at scale, decarbonizing industries, and developing and scaling new energy systems that accelerate the energy transition. Find out more at Cautionary Statement Regarding Forward-Looking Statements: This press release contains 'forward-looking statements' within the meaning of the U.S. federal securities laws — that is, statements about the future, not about past events. Such statements often contain words such as 'expect,' 'may,' 'can,' 'estimate,' 'intend,' 'anticipate,' 'will,' 'potential,' 'projected" and other similar words. Forward-looking statements address matters that are, to varying degrees, uncertain, such as forecasts or expectations regarding the deployment of, or anticipated benefits of, SLB's new technologies and partnerships; statements about goals, plans and projections with respect to sustainability and environmental matters; forecasts or expectations regarding energy transition and global climate change; and improvements in operating procedures and technology. These statements are subject to risks and uncertainties, including, but not limited to, the inability to achieve net-negative carbon emissions goals; the inability to recognize intended benefits of SLB's strategies, initiatives or partnerships; legislative and regulatory initiatives addressing environmental concerns, including initiatives addressing the impact of global climate change; the timing or receipt of regulatory approvals and permits; and other risks and uncertainties detailed in SLB's most recent Forms 10-K, 10-Q and 8-K filed with or furnished to the U.S. Securities and Exchange Commission. If one or more of these or other risks or uncertainties materialize (or the consequences of such a development changes), or should underlying assumptions prove incorrect, actual outcomes may vary materially from those reflected in our forward-looking statements. The forward-looking statements speak only as of the date of this press release, and SLB disclaims any intention or obligation to update publicly or revise such statements, whether as a result of new information, future events or otherwise.
Associated Press
06-05-2025
- Business
- Associated Press
SLB Introduces Digitally Enabled Electric Well Solutions That Maximize Production and Recovery
HOUSTON--(BUSINESS WIRE)--May 6, 2025-- Global energy technology company SLB (NYSE: SLB) today launched Electris™ — a portfolio of digitally enabled electric well completions technologies that boost production and recovery while reducing the total cost of ownership of an asset. This press release features multimedia. View the full release here: Electris completions digitalize control of the entire productive area of the wellbore, providing real-time production intelligence across the reservoir. Electris completions digitalize control of the entire productive area of the wellbore, providing real-time production intelligence across the reservoir. This enables operators to predict, adapt and act with confidence in response to dynamic production conditions — improving reservoir management over the life of the well and accessing reserves that conventional systems leave behind. 'Electris completions take reservoir management to the next level — making it possible for operators to get more out of their assets with fewer requirements for costly well interventions,' said Paul Sims, president, Production Systems. 'With much of the 'easy' oil already produced, operators are encountering more and more complex reservoirs. Electris completions can help shift the production economics in these reservoirs — resulting in higher recovery factors that maximize return on investment from the asset.' There have been more than 100 installations of Electris completions technologies across five countries. In Norway, Electris completions were deployed offshore to enhance oil production in an extended-reach well. The operator is using intelligence from the system to determine which zones are contributing to production to optimize oil output and minimize produced water. Controlling water production with Electris completions has decreased the energy needed to lift and then pump treated water back into the reservoir. Today's announcement was made at the Offshore Technology Conference, which is taking place this week in Houston, Texas. For more information about SLB's Electris electric completions technologies, visit . About SLB SLB (NYSE: SLB) is a global technology company that drives energy innovation for a balanced planet. With a global footprint in more than 100 countries and employees representing almost twice as many nationalities, we work each day on innovating oil and gas, delivering digital at scale, decarbonizing industries, and developing and scaling new energy systems that accelerate the energy transition. Find out more at . Cautionary Statement Regarding Forward-Looking Statements: This press release contains 'forward-looking statements' within the meaning of the U.S. federal securities laws — that is, statements about the future, not about past events. Such statements often contain words such as 'expect,' 'may,' 'can,' 'estimate,' 'intend,' 'anticipate,' 'will,' 'potential,' 'projected' and other similar words. Forward-looking statements address matters that are, to varying degrees, uncertain, such as forecasts or expectations regarding the deployment of, or anticipated benefits of, SLB's new technologies and partnerships; statements about goals, plans and projections with respect to sustainability and environmental matters; forecasts or expectations regarding energy transition and global climate change; and improvements in operating procedures and technology. These statements are subject to risks and uncertainties, including, but not limited to, the inability to achieve net-negative carbon emissions goals; the inability to recognize intended benefits of SLB's strategies, initiatives or partnerships; legislative and regulatory initiatives addressing environmental concerns, including initiatives addressing the impact of global climate change; the timing or receipt of regulatory approvals and permits; and other risks and uncertainties detailed in SLB's most recent Forms 10-K, 10-Q and 8-K filed with or furnished to the U.S. Securities and Exchange Commission. If one or more of these or other risks or uncertainties materialize (or the consequences of such a development changes), or should underlying assumptions prove incorrect, actual outcomes may vary materially from those reflected in our forward-looking statements. The forward-looking statements speak only as of the date of this press release, and SLB disclaims any intention or obligation to update publicly or revise such statements, whether as a result of new information, future events or otherwise. View source version on CONTACT: Media Josh Byerly – SVP of Communications Moira Duff – Director of External Communications SLB Tel: +1 (713) 375-3407 [email protected] James R. McDonald – SVP of Investor Relations & Industry Affairs Joy V. Domingo – Director of Investor Relations SLB Tel: +1 (713) 375-3535 [email protected] KEYWORD: UNITED STATES NORTH AMERICA TEXAS INDUSTRY KEYWORD: ENVIRONMENT TECHNOLOGY OTHER ENERGY OTHER TECHNOLOGY OIL/GAS SOFTWARE SUSTAINABILITY GREEN TECHNOLOGY ENERGY HARDWARE SOURCE: SLB Copyright Business Wire 2025. PUB: 05/06/2025 08:27 AM/DISC: 05/06/2025 08:26 AM
