New management system measures chemical usage
The new economy liquid inventory management system (ELIMS) helps measure oil field chemical usage. It's designed for the inventory management phase of hydraulic fracturing.
This new technology provides accuracy as well as a decrease in personnel risk, a means to invoice immediately, and effectively cuts service provider's inventory to zero, the firm says.
The focus of ELIMS is to eliminate the use of totes on hydraulic fracturing locations and in storage facilities.
ELIMS is currently being utilized on hydraulic fracturing locations in South Texas, East Texas, and Louisiana with plans to begin work in West Texas and the Williston basin during second-quarter 2012.
ELIMS monitors fluid volumes in gallons with 0.05% accuracy. This is coupled with real-time data broadcasting on the frac location and over the ELIMS web site so that it can be viewed anywhere in the world.
The accuracy of the monitoring units (full product line shown in photo here) allows users to charge for chemicals on a usage only basis. This creates a system that eliminates their customers' need to keep inventory thus freeing up capital, time, labor, and risk, the firm notes.
ELIMS reduces customer's billing lag considerably through the bill-by-usage strategy as well as providing the customer with hard and soft copies of the chemical usage receipt at the end of each stage and-or job. An electronic database provided with the ELIMS monitoring service archives all data from previous jobs and gives customers access to historical values at no additional charge.
The company says its system promises accurate invoices that can be processed quicker, higher quality frac jobs, and readily available historical evidence to eliminate any debate over chemical usage volumes.
Source: Economy Polymers & Chemicals, Box 450246, Houston, TX 77245-0246.
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