Magnum Oil Tools International has released the industry’s first dissolvable frac plug, the Magnum Vanishing Plug (MVP). The MVP dissolves with the presence of temperature at a predictable rate, allowing the opportunity to substantially reduce the risk and costs associated with well intervention.
Currently, the preferred method of completing unconventional horizontal wells is a plug-and-perf process whereby frac plugs are installed in a wellbore to isolate each frac stage. Once all stages are completed, a well intervention process is performed to remove the plugs from the wellbore. The MVP was developed to eliminate these interventions.
“This ground-breaking technology will make well completions safer, more efficient, and more economical by reducing the risks and delays that are associated with well interventions,” said Garrett Frazier, director of marketing and sales at Magnum.
Magnum is currently making this technology available to a select group of operators in shale plays across the US.