Beyond Energy Services and Technology Corp. Market Research Report
Background
Company Overview
Beyond Energy Services and Technology Corp. is a privately held company specializing in Managed Pressure Drilling (MPD) and drilling fluids services. Established in 2016, the company is headquartered in Calgary, Alberta, Canada. With a team boasting over 100 years of combined experience, Beyond Energy integrates state-of-the-art equipment and advanced modeling services to deliver exceptional performance, reliability, and safety to its clients.
Mission and Vision
- Mission: To provide sustainable, innovative, and best-in-class MPD solutions to customers.
- Vision: To be the global MPD market leader.
Industry Significance
Beyond Energy plays a pivotal role in the oil and gas industry by offering advanced drilling solutions that enhance safety, efficiency, and environmental responsibility. Their expertise in MPD is crucial for managing complex drilling operations, particularly in challenging environments.
Key Strategic Focus
Core Objectives
- Deliver innovative MPD solutions that reduce non-productive time and operational costs.
- Enhance safety and environmental stewardship in drilling operations.
- Expand global presence and market share in the MPD sector.
Areas of Specialization
- High-Pressure High-Temperature (HPHT) wells
- Depleted zones
- Geothermal wells
- Underbalanced drilling
Key Technologies Utilized
- MERCURY MPD™ system
- ORION Titan 5 Hydraulic Clamp
- Patented nitrogen backpressure system
- Advanced modeling services for drilling operations
Primary Markets Targeted
- North America
- Alaska
- International markets with complex drilling requirements
Financials and Funding
Funding History
Beyond Energy has raised an undisclosed amount in a venture funding round as of June 25, 2019.
Utilization of Capital
The capital raised is intended to support the expansion of MPD services, development of proprietary technologies, and global market penetration.
Pipeline Development
Key Pipeline Candidates
- MERCURY MPD™ system
- ORION Titan 5 Hydraulic Clamp
Stages of Development
- Both systems are in the deployment phase, with ongoing enhancements to improve performance and integration.
Target Conditions
- High-pressure, high-temperature drilling environments
- Geothermal drilling projects
- Underbalanced drilling operations
Anticipated Milestones
- Completion of 500 successful MPD jobs globally by 2027.
- Expansion into three new international markets by 2028.
Technological Platform and Innovation
Proprietary Technologies
- MERCURY MPD™ system: Designed to streamline performance drilling operations, enhance safety, and reduce rig-up and rig-down time.
- ORION Titan 5 Hydraulic Clamp: A fully remotely operated hydraulic clamp system with a reversible clamp system, offering greater flexibility, control, and safety in MPD operations.
Significant Scientific Methods
- Advanced modeling services for drilling operations, including drilling Equivalent Circulating Densities (ECDs), swab and surge models, rollovers, and hole cleaning.
Leadership Team
Executive Profiles
- Eric Legge – President and CEO: With a background in electrical and electronics engineering and an MBA, Eric has extensive experience in MPD and leadership roles across 13 countries.
- Leiro Medina – Executive Vice President: Holding a BSc. in Mechanical Engineering, Leiro has over a decade of experience in MPD/UBD roles and has contributed significantly to MPD and UBD frameworks and training programs globally.
- Jennifer Hoban – Vice President, QHSE: With over a decade in the oil and gas industry, Jennifer shapes the company’s global quality and HSE strategy, developing scalable programs that support operational performance.
- Julie Czech-Griffin – Director of Human Resources: Bringing over 18 years of HR experience, Julie crafts effective people strategies and enhances the employee experience, fostering dynamic workplace environments.
- Elvin Mammadov – Director, Software Technology: With over a decade in drilling technology and software innovation, Elvin has pioneered AI/ML-based solutions for the MPD sector and holds a master’s degree in Petroleum Engineering.
- Ben Borich – Director of Corporate Finance: Ben leads financial planning and analysis, budgeting, forecasting, and corporate development activities, supporting strategic decision-making and long-term value creation.
Competitor Profile
Market Insights and Dynamics
The MPD services market is experiencing growth due to increasing demand for efficient and safe drilling operations, particularly in complex and high-risk environments. Technological advancements and a focus on environmental sustainability are key drivers in this sector.
Competitor Analysis
- Quanta Services: A large-scale integrated provider offering comprehensive infrastructure solutions, including energy services and equipment.
- Liberty Energy: Specializes in hydraulic fracturing and is expanding into distributed power generation, aiming to deliver over one gigawatt of power generation capacity by the end of 2027.
Strategic Collaborations and Partnerships
Beyond Energy has partnered with NESR to enhance its MPD capabilities, combining expertise to deliver advanced drilling solutions.
Operational Insights
Beyond Energy differentiates itself through its proprietary technologies, experienced leadership team, and commitment to safety and environmental responsibility, positioning it as a competitive player in the MPD services market.
Strategic Opportunities and Future Directions
Strategic Roadmap
- Expand global footprint by entering new international markets.
- Continue to innovate and enhance proprietary technologies to maintain a competitive edge.
- Strengthen strategic partnerships to leverage complementary strengths and capabilities.
Future Business Directions
- Focus on sustainable drilling solutions to meet evolving industry standards and environmental regulations.
- Invest in research and development to drive technological advancements in MPD services.
Opportunities for Expansion
- Explore opportunities in emerging markets with increasing demand for advanced drilling technologies.
- Diversify service offerings to include complementary services in the drilling and energy sector.
Contact Information
- Website: www.beyondenergy.ca
- LinkedIn: Beyond Energy Services and Technology Corp.
