3C Systems LLC | Application Preview
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General Information
Business Registration Number: 99-1841143
Location: Sugar Land, TX, United States
Length of Operation: 1-5
Number of Employees: 1-10 Employees
Annual Gross Income: Less than $100k
Annual Gross Expense: $500k to $1M
Open to Loans: YES
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Funding Usage
We need to pay two engineers and two CAD people to refine and produce design files for two components of the final system
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Business Plan
The founders are both energy industry veterans with extensive contacts in the customer base (US shale E&P operators). We have encouraging early interest from a few of these already. The fully-featured system can greatly accelerate the pace of shale well construction and a successful demonstration of concept on a couple of wells should be enough to begin broadcasting the new technique across the upstream industry, which is a tight-knit community with numerous conferences, meetings, and publications serving its members. We will engage experienced Sales professionals once PoC has been demonstrated. Our founders have decades of engineering and management experience (VP to C suite level) at Schlumberger and Amazon. We own the basic patent in the field of use. Our unconventional completions system is truly interventionless and requires no pumping of hardware or tools between stages of hydraulic fracturing - we can enable true 24-hour pumping and "push-button fracturing" in shale wells. We envision major savings to E&P companies in terms of fuel and water required to pump tools in addition to the time savings of never having to stop pumping.
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Self Identified Competition
Stage Completions, Advanced Upstream (Calgary, AB), Wellboss - all have systems for interventionless well completion but all require some triggering element be pumped into the well every time a new stage of hydraulic fracturing is to be undertaken. We identified the technology gap in command/control systems early on - where our competitors are required to pump a device or tool into a specific position along a well that's being completed, we are using the latest addressable switch technology to trigger performance of pre-installed components to alternately access and isolate specific zones along the well for completion (fracturing).
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Contact Applicant
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