Axis Energy Services, a new workover and completion specialist formed from the combination of TEC Well Service, Momentum Pressure Control, and M6 Energy Services, announced its launch on Nov. 5.
Already serving major oil and gas companies and leading independents in basins across the U.S., Axis is the first purpose-built well servicing company focused on optimizing completions on long-lateral shale wells. The company accomplishes this mission through integrated, data-driven services, a leading-edge training culture, and purpose-engineered equipment that forms one of the highest spec fleets in the well servicing sector.
Axis offers frack plug drill out, tube up, well servicing, pressure control, pumping, acid, and nitrogen services from four operating bases. The company said it has launched a revolutionary approach to completions and workovers with integrated solutions that start before Axis is brought on site, using data to minimize drill out times, reduce downhole incidents, and drive continuous improvement.
Approximately 50% of the Axis rig fleet is 24-hour capable with mast heights 110 feet or greater. The company also provides a fleet of pressure control and snubbing equipment and a wide range of high horsepower pumps for pumping services. Axis is currently completing a year-long build out program focused on creating the industry’s leading shale-capable fleet of rigs and associated equipment.
“The mission of Axis is simple—to offer our customers a third option to reach new levels of efficiency, reliability, and profitability while simplifying completion operations,” Wendell Brooks, CEO of Axis Energy Services, said.
Axis was formed with the investment partnering of B-29 Investments and Lime Rock Partners.
Recommended Reading
Tech Trends: Halliburton’s Carbon Capturing Cement Solution
2024-02-20 - Halliburton’s new CorrosaLock cement solution provides chemical resistance to CO2 and minimizes the impact of cyclic loading on the cement barrier.
TPH: Lower 48 to Shed Rigs Through 3Q Before Gas Plays Rebound
2024-03-13 - TPH&Co. analysis shows the Permian Basin will lose rigs near term, but as activity in gassy plays ticks up later this year, the Permian may be headed towards muted activity into 2025.
To Dawson: EOG, SM Energy, More Aim to Push Midland Heat Map North
2024-02-22 - SM Energy joined Birch Operations, EOG Resources and Callon Petroleum in applying the newest D&C intel to areas north of Midland and Martin counties.
Range Resources Expecting Production Increase in 4Q Production Results
2024-02-08 - Range Resources reports settlement gains from 2020 North Louisiana asset sale.
Sinopec Brings West Sichuan Gas Field Onstream
2024-03-14 - The 100 Bcm sour gas onshore field, West Sichuan Gas Field, is expected to produce 2 Bcm per year.