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Economic Analysis

Numerous studies have indicated that the Farr” plunger lasts from 2.46 to 5.98 times longer than a standard conventional API plunger. For this economic analysis, let’s be conservative and only use a factor of 4 times

Assumptions and facts for study.

Ave. Production / Well

=

20 BOPD

Crude Oil Price

=

$50.00 / barrel

Well Pulling Costs

=

$3,000 / well

Pump Repairs

=

$1,000 / repair

Farr Cost over Conv.

=

- $400 / repair

Ave. Down Time

=

4 days / well

Ave. Increase in Run Life

=

4 times

Savings Due to Farr Plunger

$ 9,000

Down Time: (4 days x 20 bopd x $50 x 3) = $12,000

= $ 3,000 - $ (400)

Cost difference for Farr : (Average )

Well Pulling Cost: ($3,000 x 3 )

=

Typical Pump Repair Cost: ($1,000 x 3 )

=

Costs Savings per Well = $ 23,600

Muth Pump LLC.

13905 Romero Ave. Bakersfield, CA. 93314-9336

USA

Phone & Fax: (661) 588-8700 Cellular phone: (661) 333-1297

E-mail: garold@muthpump.com E-mail: kirk@muthpump.com Web site: www.muthpump.com

United States Patent #

6,543,543

Canadian Patent #

2,201,497

Venezuela Patent Pending #

489-98

Indonesia Patent Pending #

W00200102376

Top barrel connecter Your pull rod Farr No-go (stop to protect plunger on upstroke) API
Top barrel
connecter
Your pull
rod
Farr No-go
(stop to
protect
plunger on
upstroke)
API top
plunger
connecter
Farr plunger
leading edge
(taper)
Conventional
API plunger
Farr plunger
Farr
connecting
rod
Farr
Connecter
(bottom)
Traveling
Valves
Pump barrels
Standing
Valves
Old Conventional
API Plunger
New Style "Farr"
Plunger
Conventional API Plunger New Style "Farr" Plunger Creator of the “Farr” plunger We do not make

Creator of the “Farr” plunger

"Farr" Plunger Creator of the “Farr” plunger We do not make the down hole pumps that

We do not make the down hole pumps that pump your wells. We make them better.

Inside this brochure is a Case Study in Venezuela with

PDVSA (government owned oil company).

How Do You …

Cut well pulling costs? Increase (longer) pump life? Increase pump efficiency? Reduce down time? Reduce pump repairs? Eliminate stuck plungers?

Only One Answer:

The “Farr” Plunger

UPCO DE VENEZUELA S.A.

Case Study for PDVSA

CLIENT

PDVSA-WEST

FARR TEST RESULTS

FIELDS

TIAJUANA - LAGUNILLAS - BACHAQUERO

Date

 

6/27/2005

         

Total run

     

Days

     

Field

Well

Installation

Start date

Ending date for

days

# of times

Average run

Farr

more

Final

Reason

Improvement

time

for conv.

conv. & start

for all Conv.

pulled for

between

Current

or less

Test

well was

of Farr over

Conv.

pulling

over

data

date for Farr

pumps

pumps

Conv.

run time

Conv.

Date

pulled

Conventional

Tia Juana

LSE-4591

313-4

12/20/2000

1/24/2002

400

6

67

144

77

6/17/2002

Note 3

2.16

Bachaquero

LB-0486

313-5

2/15/2001

2/2/2002

352

6

59

190

131

7/28/2002

Note 2

3.24

Tia Juana

LSJ-3613

313-6

5/6/2001

2/7/2002

268

2.5

107

39

-68

3/18/2002

Note 1

0.36

Tia Juana

LSJ-4963

313-7

6/19/2001

2/8/2002

234

3

78

33

33

3/13/2002

Note 2

0.42

Lagunillas

LS-4619

2374

7/1/2001

7/26/2002

390

6

65

101

36

11/4/2002

Note 3

1.55

Bachaquero

LB-1166

35-1-3/8

12/23/1995

5/8/2002

572

4

143

1146

1003

3/8/2003

8.01

LSE-

     

Tia Juana

4164

35 1-1/4

8/13/2001

5/9/2002

265

5

53

1145

1092

3/9/2003

21.60

Lagunillas

LS-5078

1036

4/16/2001

10/27/2002

559

6

93

974

881

8/27/2003

10.45

 

Total

3040

38.5

665

3772

3185

47.81

 

Average

83

472

   
  Average 83 472     5.98

5.98

Note 1

Traveling valves stuck open with sand (not pumping).

 

Yield

82%

Note 2

Well filled with sand

 

Note 3

Friction ring destroyed, pump not seated.

 

Savings due to the use of the Farr plunger

$105,000.00

This case study indicates an increase in average run time of almost 6 times.

Farr Plunger Connecters Farr Plunger Leading Edge (Taper) API & Farr
Farr Plunger Connecters
Farr Plunger Leading Edge (Taper)
API
&
Farr

All “Farr” plungers are manufactured in an API machine shop to API standards under the conditions set forth in API publication Q1 and API Spec 11AX.