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Reduce emissions while increasing ROI on assets
Rod pumped wells, when operated inefficiently, consume extra electricity, ingest more gas from the reservoir and experience higher workover costs.
The speed at which a well is operating is directly correlated to its power consumption. Without knowing how much oil is filling the pump on each pumping cycle, most production companies take a best guess at setting the pumping speed based on historical production measurements. However, the inflow into the wellbore changes every few minutes in modern formations, increasing the tendency for production companies to operate at higher pumping rates than required for fear of leaving oil in the ground.
Additionally, if the pumping speed is too fast, the pump barrel only partially fills with liquid. By optimizing the pumping speed to the inflow on every single pumping cycle, energy savings are achieved.. The remaining space is occupied by natural gas ingested from the reservoir. The major component of this gas is methane. This gas, having now entered the petroleum stream at the downhole pump, will now be emitted somewhere along the petroleum supply chain. The single largest opportunity we have as an industry to easily reduce emissions, while also benefitting producers by way of lower operating costs, is to avoid ingesting large amounts of methane right at the source..
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