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Company Profile and History

IPT is a petroleum engineering service company managed by practicing petroleum engineers that have extensive operator and service company experience. We specialize in most aspects associated with the integration of modern well completion , hydraulic fracture stimulation and petroleum reservoir engineering technologies. We do not provide drilling engineering services.

We are known as hydraulic fracture stimulation specialists. IPT's technology works because of our extensive technical reservoir engineering background that began with production companies and it is this technical base that anchors our ability to continuously optimize well completion and fracture stimulation procedures. At IPT, appropriate reservoir engineering dictates the ability to credibly evaluate different well completion and hydraulic fracture stimulation approaches.

IPT began in 1991 as an independent production company and quickly evolved into an independent consulting firm specializing in well completion and fracture stimulation optimization. By 1994, IPT was a primary contractor for the Gas Research Institute (GRI), which is now known as the Gas Technology Institute (GTI), with funding in excess of $1,000,000 per year to implement, evaluate and deploy advanced stimulation technologies (AST) to the gas industry. From 1993 to 1998, IPT taught industry schools, presented technical papers and wrote project reports for GRI on a regular basis. From 1992 to 2000, IPT received 10 industry awards for successful well completion and hydraulic fracture stimulation projects.

Our reputation as FRACPRO/FracproPT advanced users grew from our GRI contract where IPT was a primary tester, developer and trainer of the software for RES and GRI. IPT was the first independent consulting firm to own a corporate license for FRACPRO, which was later converted to FracproPT. We use this important tool on every well and have advanced in-house training for our stimulation specialists.

Petroleum Engineering Services, Gas Research Institute, Gas Technology Institute, FracproPT

After 2000, IPT internalized a large amount of our continuous study-derived petroleum engineering technology and made a conscious decision to discontinue the broad distribution of these successful advances through technical papers and other publicity mechanisms. Since then, the study and implementation of different well completion and fracture stimulation approaches has accelerated while our technique and expertise have evolved to a significant degree. We understand the significant differences in service company fluid chemistry and liquid additive systems, which enhances our ability to achieve optimal lateral proppant distribution and production response. Our customized well completion, hydraulic fracture stimulation and reservoir models are relatively accurate in most formations and applications.

IPT has been involved with over 7,000 well completions in the last 7 years, including over 1,400 completions during 2007 alone. This experience ranges from very shallow to very deep high temperature and pressure applications, vertical and horizontal wells, and includes most rock types, fluid systems and service companies.

We have learned that appropriate field experience and application trumps the best engineering and planning done in the office. IPT's training procedures teach our field stimulation specialists to make recommendations to the client based on what is best for the well, not to simply put a frac job in the ground. IPT has in-house schools and extensive on-site training to ensure our clients are dealing with a company with continuity that understands we are there to serve them.

IPT's is a petroleum engineering service company with a culture that has always fostered continuous study and improvement. We persistently upgrade our in-house training programs and improve our petroleum engineering and administrative procedures. Our internally developed well completion and hydraulic fracture stimulation technologies are consistently successful and evolve rapidly. We genuinely look forward to learning more and continuing to help our clients succeed.

 
 
       
       
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