Pinnacle has monitored more than 12,000 hydraulic fracture treatments since 1992. The company’s fracture mapping experience is now being utilized by operators to overcome the complexities of shale reservoirs across North America, including the Bakken, Barnett, Caney, Fayetteville, Marcellus, Muskwa and Woodford.
The acquisition complements Halliburton’s portfolio of stimulation technologies. The addition of Pinnacle’s real time stimulation monitoring and analysis capabilities is expected to provide Halliburton’s customers with a compelling reservoir stimulation solution.
The solution is expected to reduce uncertainty and increase the efficiency of fracturing and acidizing services while maximizing reservoir performance and will be reportedly beneficial in unconventional resources. Pinnacle will operate as a business unit within Halliburton Wireline and Perforating Services.
Cris Gaut, president of Halliburton’s drilling and evaluation division, said: Complex reservoirs are becoming more prevalent, so operators need better information, often in real time, in order to optimize their production solutions. Pinnacle’s capabilities complement Halliburton’s vision of the Digital Asset by combining real-time reservoir understanding with cutting-edge stimulation technology to address the challenges of unconventional resources.
