Shale pump for higher sand loads reason for Veretek's record Q3

By Luke Geiver | October 08, 2019

An unconventional artificial lift pump is catching on in the shale patch. Veretek Co. achieved record third quarter results thanks to its V-Pump, an artificial lift pump designed to handle high-sand concentrations and erratic gas slugs, both common elements in today’s shale oil and gas wells regardless of play.

“These increased sales are predominantly driven by the V-Pump’s superior value proposition relative to centrifugal ESPs, which includes maximizing production time and minimizing operating expenses by mitigating the number of required well interventions,” said Bill Chiles, chairman of Veretek.

"Many of the artificial lift solutions available in the market today were not designed to pump the high sand concentrations and gas slugs common in today's oil wells.  Centrifugal ESPs use an antiquated design that hasn't changed materially in more than a hundred years and forces production fluids to take a complicated and tortuous flow path.  Demand for a sand and gas tolerant ESP has increased significantly with the advent of US unconventional oil wells and increasing completion intensity," said Greg Hottle, CEO of Veretek. "We are currently witnessing a substantial increase in customer interest and adoption due to the technological benefits and compelling economics of the V-Pump."

Veretek is located in Texas and North Dakota. The V-pump is a contra-helical screw pump used in the production of oil and gas.