One of three technical papers RGL is presenting at this year’s SPE International Conference and Exhibition on Formation Damage Control introduces the foundation concept of proLAB™, RGL’s Sand Control Testing Facility, successfully launched in 2017.
RGL Reservoir Management Inc. (“RGL” or the “Company”), a market leader in sand control solutions for the world’s most challenging reservoirs, is pleased to announce that on December 21, 2017 it completed a recapitalization of its balance sheet. This recapitalization reduces RGL’s long-term debt by more than 80% and its annual cash interest by approximately 95%. In conjunction with the recapitalization, RGL is securing a new credit line that will be used to fund growth. Going forward, RGL remains conservatively capitalized, with the continued support of lenders and shareholders, to pursue organic and strategic growth initiatives.
RGL proudly announces ISO 9001:2015 recertification for Canadian sand control and flow control production facilities.
A leading international oil and gas company has awarded RGL a contract to engineer, manufacture and trial customized tools in a Cyclic Steam Stimulation (CSS) application.
A leading developer in Canada’s heavy oil industry has awarded RGL Reservoir Management a large contract to supply proPUNCH™ sand control screens for installation on SAGD operations in the Athabasca oil sands region.
A leading Canadian oil and natural gas exploration and production company has awarded RGL Reservoir Management a contract to supply its proSERIES™ sand control solutions to the company’s SAGD operations in the Athabasca oilsands.
RGL is committed to investing in sand and flow control technology, state-of-the-art facilities, and staff in order to provide operators with technically advanced and cost-effective solutions to optimize production. To that extent, we are pleased to announce a new location for our Flow Control and Tool Manufacturing facility located in Leduc, Alberta.
In an ongoing effort to introduce innovative ideas that optimize production in the world’s most challenging reservoirs, RGL regularly sponsors student participation in technical events such as this year’s SPE Latin American and Caribbean Petroleum Engineering Conference (LACPEC). Reinel Echavez Marquez, one of RGL’s two sponsored students from the University of Oriente, Venezuela, was awarded second place in the Conference’s student paper contest.
Mexican Petroleum Congress opens doors for advanced reservoir management and sand control options
Each year, RGL looks forward to the Calgary Stampede and sponsoring events in the energy industry that support both local and international charities. This year, RGL is sponsoring the 19th Annual Big Guns Stampede Breakfast and the 3rd Annual Cowtown Rodeo.