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What we're trying to do is do our bit to add to a process
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that humanity be has been doing since earliest times...
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creation of resources. Pioneer Energy is dedicated to
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enhancing domestic energy production. There have been some issues in the
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domestic energy production industry. One of which is the prevalent
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flaring of this associated natural gas.
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Billions on cubic feet of
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natural gas is being flared. The most visible manifestation is in the Bakken
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oilfield up in
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North Dakota and in eastern Montana. So much is being flair that seen
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from space North Dakota is as bright as Chicago.
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Pioneer Energy has based a lot of its technology on
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adding value to waste streams.
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So what we've done is we've developed a mobile system
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mounted on a trailer that can go anywhere a truck can go. We can literally drive
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around right-of-way issues.
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We can go to remote areas where no pipeline infrastructure exists.
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Our operational model allows us for really rapid installation.
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Once we've arrived on the site
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actual construction on that site takes about 24 hours.
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It takes the mixed flare gas and process is it right there into three streams.
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First of all there's the dry methane.
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There is the propane, butane, pentane. Those are liquids.
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They can be put in a tank and trucked away and sold on the world market.
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And finally, there's the ethane which there's not that much market for
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but it has a lot of energy.
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We use that to power our machine. Therefore we can operate in very remote regions
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and address the lack of infrastructure which is quite common in the rapidly expanding energy industry.
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We get rid of the flare, we end the pollution, and we provide
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energy resources.
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So we've used the Opto 22 technology to
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essentially automate the operations of the skid itself.
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We have Opto 22 controllers, Opto 22 OPC server,
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we use the Groov application for commissioning in troubleshooting,
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and we run PAC Display in mission control.
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That entire infrastructure, with no modifications, allows us to
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right out of the box fire up a display over a spotty 3G connection
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and operate these systems remotely. We can actually monitor and control
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all of our field units from here in Lakewood, Colorado. These things are mobile,
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these things are unmonitored, these things are also reliable.
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Remote communications with a reliable controls platform is a real possibility.
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So we're taking this flare that's just going off into the air
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making smoke and wrecking the environment and we're turning into
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ten thousand dollars a day worth of money
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three million dollars a year worth of money.
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And that's just for each unit. Wer'e up to about 30 percent added value
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to a barrel of the oil in this lower price market.
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This is pollution control at a profit, a substantial profit.