Rod-pump controllers profitable in East Texas operations ///
Stetson Petroleum Corp. purchased and installed rod-pump controllers, replacing time clocks, in 15 wells in its East Linden (Cotton Valley) field in East Texas. Wells there are about 10,000-ft deep, producing 42 to 46°-API gravity oil, with a 5 to 50% watercut. With contract pumpers, timers and a trial-and-error process for setting timers, Stetson saw upside potential from using rod-pump controllers (RPCs). Based on two years’ experience, it found that the controllers reduced rod and tubing failures by 31% and electric costs by 40%, equating to about $50,000 per year savings. RPC equipment costs paid out in less than a year, on average.
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