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Business World |
March 2015
48
According to Co-Owner Tim Sharp, Nu-
Wave Industries’ technology is starting to
catch on in a big way. The company has ap-
proximately 800 wells to service this winter
alone, largely consisting of expired oil and
gas wells throughout Alberta and British
Columbia. He explains that every oil com-
pany in that region has a specific number of
wells they need to abandon each year, so lack
of opportunity is not a significant challenge
for NuWave. Instead, he says their “biggest
challenge” is convincing these companies to
try their service for the first time.
“When we first give them pricing, they
think, ‘Wow, that’s expensive.’ But when
we can do up to nine wells a day versus the
conventional way of digging them, it’s a way
cheaper price because we can do so many,
which cuts down on the time you’re out in
the field,” adds Troy. “Especially if there are a
hundred or so wells to do. We can go in there
and finish them off in a couple of weeks,
whereas if you’re digging them, it’s going to
take a month or more.”
“It’s kind of an eye-opener once they do see
how it works. If you’re doing it the conven-
tional way − let’s say a well and a flow line
− you could be there for five to six hours.
We can come in there and finish off that site
anywhere from one hour to three hours, de-
pending on the size. We’re basically a third of
the cost in comparison to doing it the con-