In 2010, the U.S. stole the crown for world's largest gas producer from Russia. In 2012, the International Energy Agency predicted the U.S. will surpass Saudi Arabia as the world's largest oil producer by 2020. More large-scale oil and gas plays are being discovered that could shrink that time frame further. For this growth to become a reality, those in the oil and gas industry must keep a relentless focus on production.
M.G. Bryan, a leading heavy-equipment and machinery OEM based in Grand Prairie, Texas, has been helping oil and gas companies meet production demands for more than 25 years. The company supplies engines, generators, industrial pump units, oil field service equipment, and hazardous area power packs globally. Much new production is facilitated by hydraulic fracturing, where petroleum or natural gas is released from reservoir rock for extraction. M.G. Bryan sells and leases advanced fracturing pump trailers, trucks and skids to help producers capture these resources.
Fracturing vehicles can cost upwards of $1 million. They operate in extreme, isolated environments and have many consumable components. Oil filters need to be replaced every 200 to 400 hours, and a complete engine rebuild is generally required after 4,000 to 7,000 hours of service. Downtime on a fracturing vehicle can cost $3,000 to $7,000 per day for internal costs alone – not even taking lost product revenues into account. Because operations are occurring in remote areas, where cell-phone reception is not even a given, most producers keep a backup vehicle on-site, so production can continue if a vehicle goes down.
This use of backup vehicles makes fracturing operations expensive. Many smaller and mid-sized oil and gas producers lease fracturing equipment by the month, and are not experts in equipment control systems or maintenance. Producers are often looking for ways to cut costs and improve ROI on rented or purchased equipment in order for this approach to be a worthwhile investment.
To help its customers maximize ROI, M.G. Bryan needed to understand how its equipment was performing in real time to cost effectively keep tabs on performance and help customers maximize asset uptime.