Shell Technology Ventures increases ownership stake in WellDog

Shell Technology Ventures has increased its minority stake in WellDog, following a beta trial of the company's proprietary shale gas reservoir testing service.

WellDog announced in October 2014 a developmental collaboration with Shell directed at adapting WellDog’s Reservoir Raman System to finding sweet spots in shale gas and oil formations. In February 2015, the companies said that Shell had also made a minority investment in WellDog through its Shell Technology Ventures.

The new service is directed at identifying the locations where natural gas and natural gas liquids occur in shale formations, allowing producers to focus development efforts, reduce drilling costs, optimize production, and reduce the number of hydraulic fracturing stages and associated water usage. The recent downturn in oil prices has heightened industry interest in using such services to reduce the number of nonperforming hydraulic fracturing stages during shale gas and oil well completions.

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