Right-Sizing Program
Boost Profitability with Equipment Right-Sizing
Maximizing profitability is paramount. The traditional method of buying larger units and leaving them for the life of the well is no longer the most efficient strategy. As production rates decline equipment quickly becomes underutilized, eroding the efficiency of capital deployment.
Tri-Logic created a solution.
What is Equipment "Right-Sizing?"
In its simplest form, equipment right-sizing is about ensuring the equipment used matches the specific production needs of a well or facility. This prevents inefficiencies caused by oversized equipment, such as increased costs, excessive maintenance, and unnecessary emissions. Right-sizing optimizes operations by aligning equipment capacity with actual production rates, improving profitability and environmental performance.
Benefits of Right-Sizing
Profitability
Refurbish and redeploy larger equipment by placing it in operations where it can perform optimally with the production of the well. By streamlining your assets, you can reallocate larger equipment to wells with higher flow rates.
More appropriately sized equipment is easier to maintain, resulting in fewer repairs and less downtime. Additionally, fewer parts are consumed with smaller assets and labor can be reassigned to more critical aspects of your operations.
Right-sized equipment reduces liability and loss prevention insurance costs, as smaller assets typically present lower risk profiles.
Resources
By optimizing the useful life of existing equipment, producers can maximize the value of their investments while enhancing overall operational efficiency.
With reduced maintenance requirements, labor can be allocated more effectively.
Environment
Oversized equipment often operates inefficiently by producing unnecessary methane and carbon dioxide emissions. A decrease in operating pressure can allow for the usage of mechanical controls rather than pneumatic controls, which reduce the amount of methane being emitted into the atmosphere.
Additionally, unnecessary heat sources often lead to unnecessary carbon dioxide emissions.
Oversized equipment typically requires more frequent and extensive maintenance related to compressed air and vent gas recovery systems.
Right-sized equipment allows for better control over the production facility’s overall emissions footprint. By matching equipment to production output, it becomes easier to meet regulatory goals and emission permitting requirements.
Safety
Right-sized, lower pressure equipment with mechanical controls are easier to operate and maintain, minimizing the risk of equipment failure.
Lowering the maintenance burden on your equipment limits exposure to potential incidents.
Lower Carbon Footprint
Right-sizing minimizes the amount of steel required to manufacture oversized equipment, reducing the embodied carbon associated with material production.
Lighter, smaller equipment enables more efficient logistics, such as shipping more units per load, leading to decreased emissions from trucking.
Our Solution
Tri-Logic offers a comprehensive solution for right-sizing production equipment to enhance operational efficiency and profitability.
Commingle
Commingling is the process of flowing multiple wells through one piece of equipment, rather than dedicating equipment to each well. This approach allows for excess equipment to be removed from the facility without the need for replacement equipment.
Downsize
Equipment downsizing involves replacing larger, underutilized equipment with smaller, more appropriately sized units that match the current production needs of a well or facility. This approach frees up large, underutilized assets to be reused on higher producing wells, while keeping wells streams separated.
Right-Sizing Process
Implementation
We'll redeploy underutilized assets and right-size facilities through our full service model.
- Equipment Sales
- Equipment Rentals
- Refurbishment
- Field Service
Ready to increase pad profitability?
Contact us to get started.
