Internet Evolution Adds Eyes and Ears to Down-hole Drilling
Calgary-based Evolution Engineering Inc (EVO™) has a long history of developing and commercializing cutting-edge technology for the oil and gas market.
EVO engineers felt more innovation was needed for data transmission during downhole operations, an advancement EVO refers to as SubSurface Internet™. This work responds to industry norms of low data leading to higher rates of failure, increased costs and schedule delays.
To address this, EVO developed EVOONE™ to provide customers in every land basin and drilling situation with a safer, more reliable tool. EVOONE’s telemetry transmission system significantly increases data transmission rates while the drilling guidance system and design produces greater operational reliability.
In 2012, EVO sought funding opportunities with Alberta Innovates (then Alberta Innovates – Tech Futures) and the Industry r&D Associates Program to complete product development. In 2014, they brought EVOONE to market. As of February 2016, it has been used to drill over 200,000 hours in North America, on over 3,800 sites, with an uptime of 99.1%, in all major formations, including the Permian, Eagle Ford, Bakken, DJ Niobrara, Utica, Montney and Marcellus basins.
Since 2012, with support from Alberta Innovates and other provincial and federal programs, EVO has grown from 12 staff with a primary focus on R&D for their product, to 40 full-time staff and revenues in excess of $76 million. EVO plans to double in size within 2017.