Global Remote Tech to provide Helix to Basic Energy Global Remote Tech to provide Helix to Basic Energy
2016-04-14 06:51 ET - News Release
Mr. Chris Dorris reports
GLOBAL REMOTE ENTERS INTO SERVICE AGREEMENT WITH BASIC ENERGY SERVICE
Global Remote Technologies Ltd. has entered into a service agreement with Basic Energy Services Inc. (BAS). This significant service agreement will allow BAS to utilize Global Remote Technologies' patent-pending Helix downhole well-stimulation technology for their multitude of oil and gas clientele from the Rocky Mountains to the Gulf Coast and California to the Appalachian region.
Global Remote Technologies stated: "We are excited to be working with a leader in the U.S. oil and gas well-servicing industry such as Basic Energy Services. This is a significant milestone for Global Remote Technologies, not only in establishing strategic relationships with major players in the oil and gas sector but also towards achieving our goal of substantially increasing our customer base throughout 2016. We feel our Helix tool will significantly increase oil flow rates for BAS as well as open multiple new opportunities in the U.S. marketplace for Global Remote Technologies."
The company's Helix tool uses a patent-pending design and engineering method to achieve a unique flow pattern that is more effective for wellbore stimulation and cleanouts than any other designs on the market. The Helix tool is a downhole cleaning and stimulation technology that combines traditional oscillation and pulse-jetting structures into a single pattern.
Helix technology has been tested and utilized by several major oil companies in the United States and in Canada, the results of which have shown consistent oil flow increases of 35 to 92 per cent postcleanout and stimulation.
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