Shell Technology Ventures increases stake in WellDog

February 19, 2016 | Company Operations, Products, Services & Techniques

London, UK | – Shell Technology Ventures has increased its minority stake in the WellDog technical services company following a successful beta trial of its proprietary shale gas reservoir testing service, WellDog said in a news release.

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

According to the release, 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.