Dissolvable Frac Plugs Made from TervAlloy Dissolvable Magnesium Lead the Industry in Cost and Reliability
EUCLID, Ohio–(BUSINESS WIRE)–#Dissolvables—Terves
Inc. (“Terves”)
is pleased to announce that its family of patented, dissolvable
(or disintegrating) magnesium materials, TervAlloy™
(*Patent
# US9757796 B2), has now been established as the cost and
reliability leader for making dissolvable
frac plugs. With over 50,000 stages completed using TervAlloy
dissolvable
frac balls and dissolvable
frac plugs, Terves’
TervAlloy
is the most widely used Dissolvable
Metal in the industry. Dissolvable
Frac Plugs manufactured with TervAlloy
dissolvable
magnesium alloys have enabled longer laterals, accelerated
completion times, and simplified completion operations. Multiple studies
have shown that dissolvable
frac plugs, dissolvable
balls, and other tools made
using TervAlloy
can save hundreds of thousands of dollars for each well in remote
locations by eliminating the need for coiled tubing drill-outs, snubber
rigs, and workover rigs.
“In today’s extended lateral drilling environment, lightweight dissolvable
plugs, dissolvable
balls, and interventionless
tools developed using dissolvable
and reactive
technologies can go beyond coiled tubing reach to increase production,
potentially eliminating the need for intermediate casing and liner,
reducing water usage, and simplifying operations. Unlike competing dissolvable
materials that are manufactured using powder metallurgy, costly
additions such as gallium and indium, or other complex production
processes; our patented
TervAlloy
materials are manufactured in the United States using traditional
casting and extrusion processes, leading to the lowest-cost,
highest-reliability and fastest-to-manufacture dissolvable
materials in the industry,” said Andrew Sherman, CEO of Terves.
To augment the use of its high-value dissolvable
materials, Terves
has recently launched fresh-water,
higher-strength,
higher-ductility
and low-
and higher-temperature
TervAlloy
dissolvable
alloys which position Terves
as the only manufacturer to provide dissolvable
materials for almost every operating environment encountered in oil
and gas completion and production. Terves
also offers supporting technology, including dissolvable
elastomers, trigger
and delay coatings, erosion
and wear resistant dissolvable metal matrix composites, and expandable
materials that support advanced tool designs and new and novel uses
of reactive structural materials. Terves
also now offers patent-pending DissolvAssure™
technology, incorporating tracers, tags, and fluid modifiers to the dissolvable
alloys and components
to assure complete dissolution (degradation) and tailor removal times
for operator needs.
*TervAlloy
is protected by Issued
Patent #US9757796 B2 which covers wrought magnesium dissolvable
alloys.
About Terves
Terves
is the technology and cost leader in the development, manufacturing and
sale of Engineered
Response materials for the oil and gas industry. Terves’
Engineered
Response materials respond to their environment to “do something
specific”, such as dissolve,
change
dimensions, generate
force or heat, destroy chemicals or bacteria, and/or other specific
actions based on change in time, temperature, pressure and/or other
triggering agents.
Terves
is the leading manufacturer of dissolvable
metals and dissolvable
polymers that are used for making frac
balls, plugs,
slips,
seals
and several other components used in oil and gas well completion and
production; and have been used for completing tens of thousands of
stages in North America, Europe, South America, Asia and MENA regions. Terves’
product portfolio also includes highly-engineered
specialty proppants, expandable
materials, acoustic
imaging tools, thermites and structural reactive materials, net-shaped
ceramic-metallic (cermet) nanocomposites, and high
energy density supercapacitors. Terves
is a strong research-based
and product-focused organization that works with oil
and gas majors, operators,
EPCs
and OEMs
to commercialize existing products and develop new compelling products
for some of the most critical challenges in oil and gas exploration,
production and completion.
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Contacts
Terves Inc.
Anupam Ghildyal, +1-216-375-6393
[email protected]