Company Profile: Ely and Associates Corp
Background
Ely and Associates Corp, established in 1991 by John W. Ely and three partners, is a Houston-based firm specializing in hydraulic fracturing and well completion services. With over 30 years of experience, the company has become a leading authority in well completions, offering comprehensive services in hydraulic fracturing design, wellsite management, and legacy services. Ely and Associates is renowned for its expertise in stimulation systems, having been involved in the development, field introduction, and support of stimulation fluids and systems for major service companies worldwide.
Key Strategic Focus
Ely and Associates focuses on providing high-quality hydraulic fracturing services, including:
- Wellsite Management: Offering IADC-Certified Well Control representatives to handle site preparation, fracturing supervision, wireline operations, coil operations, toe preparations, and onsite operations.
- Legacy Services: Delivering superior fracturing design, onsite fracturing supervision, remote data transmission supervision and analytics, expert in-house engineering, and expert witness services.
The company emphasizes the importance of tailored stimulation treatments to enhance hydrocarbon flow by creating intricate, interconnected fracture systems in rock formations. Their expertise spans various rock types, including shale, tight sands, and fractured carbonates.
Financials and Funding
In October 2015, Ely and Associates was acquired by Flotek Industries, a diversified global supplier of drilling and production products and services to the energy and mining industries. Prior to the acquisition, the company was owned by Bow River Capital. Specific details regarding the total funds raised and the utilization of capital are not publicly disclosed.
Pipeline Development
Ely and Associates has been involved in the development and support of stimulation systems for numerous major service companies worldwide. While specific pipeline candidates and timelines are not publicly detailed, the company's extensive experience indicates a robust pipeline of ongoing and upcoming projects in hydraulic fracturing and well completion services.
Technological Platform and Innovation
Ely and Associates employs several proprietary technologies and scientific methodologies, including:
- Proprietary Technologies: The company has developed multiple product lines for leading oil and gas service companies, contributing to advancements in hydraulic fracturing processes.
- Significant Scientific Methods: Ely and Associates utilizes advanced fracturing design techniques, remote data transmission supervision, and analytics to optimize well performance.
- AI-Driven Capabilities: While specific AI-driven capabilities are not detailed, the company's emphasis on data analytics and remote supervision suggests the integration of advanced technologies to enhance service delivery.
Leadership Team
- John W. Ely: Founder and CEO. With a career spanning over 50 years, Mr. Ely has been instrumental in the development of hydraulic fracturing technologies. He holds several patents and has authored multiple publications, including the "Stimulation Treatment Handbook/An Engineer’s Guide to Quality Control." Mr. Ely has also been recognized with the John Franklin Carll award for excellence in petroleum engineering in 2020 and the Legend of Hydraulic Fracturing award at the SPE Hydraulic Fracturing Conference in 2021.
Competitor Profile
Market Insights and Dynamics:
The hydraulic fracturing industry is characterized by a competitive landscape with numerous service providers offering a range of technologies and services. The market is influenced by factors such as technological advancements, regulatory changes, and global energy demand.
Competitor Analysis:
Ely and Associates competes with various companies in the hydraulic fracturing and well completion services sector. While specific competitors are not detailed in the available information, the company's longstanding reputation and comprehensive service offerings position it as a significant player in the industry.
Strategic Collaborations and Partnerships:
Ely and Associates has engaged in strategic collaborations to enhance its service offerings, including:
- Joint Venture with Mosaic Petroleum Analytics: In April 2018, Ely and Associates formed a joint venture with Mosaic Petroleum Analytics LLC to combine their expertise in hydraulic fracturing and petroleum analytics.
- Agreement with Ecosphere Technologies and Vanguard Stimulation Services: In 2009, Ely and Associates collaborated with Ecosphere Technologies and Vanguard Stimulation Services to market advanced water treatment services for hydraulic fracturing.
Operational Insights:
Ely and Associates' extensive experience and strategic collaborations enable it to offer tailored solutions that address the unique challenges of each project, thereby maintaining a competitive edge in the market.
Strategic Opportunities and Future Directions:
The company's focus on innovation, as evidenced by its involvement in geothermal energy solutions with Fervo Energy, indicates a commitment to exploring sustainable energy alternatives. This strategic direction may open new avenues for growth and diversification in the evolving energy sector.
Contact Information
- Website: elyfrac.com
- Headquarters: Houston, Texas, USA
Ely and Associates continues to leverage its extensive experience and innovative approach to provide high-quality hydraulic fracturing and well completion services, maintaining its position as a leader in the industry.
