TPH EQUITY RESEARCH | December 2019
George O’Leary, Byron Pope, Taylor Zurcher & Dhruv Kharbanda | TPH & Co.
Downing is an oilfield equipment and products manufacturer acutely focused on enhancing efficiencies for its customers in the oil patch, primarily via their new Freedom Series (“FS”) completion system. We went out to visit the team in their OKC headquarters and to take a look under the hood at the new completion solutions offering. We enumerate a number of incremental benefits that the FS system offers in our full report (available for download), but at a high level, we believe that increasing hours pumped / frac stages per day and reducing NPT are the two primary reasons oil & gas players should consider the system as a valuable weapon in their well completions arsenal.
WORLD OIL | NOVEMBER 2019
Austin Johnson & Kim McKimmey, Downing
As West Texas operator Primexx Energy Partners has pursued an aggressive program to delineate and develop its Delaware basin acreage in Reeves County, the company has leveraged new technology to increase the efficiency of completion and stimulation operations and achieve significant cost-savings. Downing’s new Freedom Series Completion System (FSCS) has been a key factor in helping Primexx significantly reduce the number of days on location by increasing stages per day by 20% to 60%, resulting in major cost reductions and time savings.
SIMMONS ENERGY | NOVEMBER 2019
John Daniel, John Watson & Dylan Glosser, Simmons Energy
Downing’s FS Completion System was recently featured in Simmons Energy’s Oklahoma recap on new technologies being developed in the Sooner state. Simmons believes the FS Completion System is likely to be a disruptive force in the completions industry, contributing to rising frac efficiencies and improving stages completed per day. Read the report highlighting the FS Completion System.