(2024009) Surface Controlled, Electric Gas Lift (EGL) Systems Gaining Ground in the Permian

We are excited about the opportunity to present an in-depth overview of Oura™ (Optimization using real-time automation), an intelligent downhole electric valve designed for artificial lift and enhanced oil recovery (EOR). Oura™ brings cutting-edge capabilities to the forefront of the industry. Oura is also proving invaluable in various EOR methods such as Water, Polymer, CO2 Floods, and Injections.

Key Features of Oura™:

1. Real-time Monitoring: Oura™ provides real-time pressure and temperature data f    or both tubing and annulus, ensuring precise control and monitoring.

2. Variable Dart Position: With a completely variable dart position (0-100%), customers can manipulate the orifice to any size, up to 3/8".

3. Low Power Requirements: Oura™ operates on very low power and can be run off a single solar panel, facilitating remote installations and contributing to a reduced carbon footprint.

4. Multi-drop Capability: The technology can multi-drop up to 30 valves on a single 1/4" TEC, extending its reach to depths of up to 26,250 ft.

Progress and Installation Reach:

Since its conception in 2019, Precise has continuously worked on enhancing Oura™. We have installed over 200 valves across Texas, New Mexico, and Canada, solidifying Oura™ reliability and effectiveness in diverse operational environments.

Presentation Highlights:

Our upcoming presentation will provide a comprehensive overview:

1. (Precise) - Oura™ - A brief explanation showing off the design and functionality of Oura™ and our surface system. 

2. (XTO) - XTO to speak to the challenges & successes with Oura™ and how Oura™ fits in with their future operations. 

3. Closing: A concluding segment summarizing the key takeaways and opening the floor for questions and discussions.