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Herman Artinian on downhole compressors for gas wells
Manage episode 376947980 series 3488265
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"We're creating a significant drawdown on the reservoir so we're able to get every last molecule of what's unrecoverable today that sits in the reservoir."
In this episode, I’m in conversation with Herman Artinian who is the CEO of Upwing Energy, a company that has developed a compressor for downhole gas wells. One problem with gas wells is that they depressurize as they produce, which results in much of the gas (40% or more) being stranded in the well.
"We are able to boost incremental production by anywhere from 150 to 250%, which is significant."
Upwing has taken a standard gas compressor, reversed it to pull gas out of a well, and packaged it to fit down hole where it is twelve feet long but only 5 inches in diameter. It took innovations from all kinds of places to manage this kind of repackaging. But the results are well worth the investment.
"You imagine how much work and energy and employees and technology is going into commoditizing this valuable asset (oil and gas). People kind of forget how much work it is and how big the supply chain is for this."
President and Chief Executive Officer Herman Artinian has 30 years of experience in domestic and international business development and management, specializing in driving business growth by identifying and advancing disruptive energy technologies.
Before leading Upwing Energy, Herman increased the profitability of multiple start-ups. At Calnetix companies, he oversaw numerous global licensing deals for Access Energy and played a key role in the growth of Direct Drive Systems (DDS), prior to the acquisition by FMC Technologies.
Herman brings his passion for developing new energy technologies to Upwing Energy, driving his team to rapidly grow the natural gas service with industry- leading tools that increase production and recoverability in an economically and environmentally sustainable way.
He holds a B.S. in Aerospace Engineering from the University of California, Los Angeles.
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