Electric Well Service Rig EPIC RIG™ | Axis Launches New Era in Well Services

Industry’s First Electric-Powered Rig Reduces Carbon Emissions and Fuel Costs While Improving Safety and Efficiency

Dallas – March 11, 2024 – A major advancement in well servicing technology has entered the field. Axis Energy Services successfully deployed the industry’s first fully electric well service rig, the EPIC RIG™, on wells operated by Occidental Petroleum in the Permian Basin.

The EPIC RIG™ improves safety, efficiency, and operational consistency. It also runs on grid power, reducing emissions and increasing fuel flexibility. The rig currently supports production well work under a long-term contract.

Electric Well Service Rig Drives Industry Innovation

“The EPIC RIG™ represents a major step forward in well service technology,” said Ryan Phillips. “Its deployment marks the start of a new generation of rigs built for modern oilfield demands.”

The EPIC RIG™ (Electric-Powered Intervention & Completion) delivers several advantages over traditional rigs. Its electric-powered drawworks provide instant torque and smooth, consistent performance. The system reduces maintenance needs and minimizes downtime compared to diesel-powered alternatives.

Advanced Technology Improves Safety and Performance

The electric design allows Axis to rethink rig operations. The EPIC RIG™ uses a dynamic braking system instead of traditional mechanical brakes. This change removes a common source of non-productive time.

The rig also features a built-in PLC system integrated with the CORE® data platform. Operators gain precise control and automated safeguards. These features reduce manual intervention and lower the risk of human error.

Flexible Power Options Reduce Emissions and Costs

The EPIC RIG™ connects to the public power grid through a transformer. This capability allows operators to use renewable energy sources and eliminate emissions at the wellsite.

The system also supports alternative fuel options, including natural gas and field gas. This flexibility ensures reliable performance in remote locations while lowering fuel costs.

“Electrification supports our strategy to reduce emissions and improve efficiency,” said Bob Barnes. “The EPIC RIG™ helps advance our operational and environmental goals.”

Expanding the EPIC RIG™ Fleet

Axis continues to expand its electric well service rig fleet. The company is developing two additional EPIC RIG™ units for deployment later this year. One unit will support completion operations, including frac plug drill-outs.

“This deployment represents a key milestone in our innovation strategy,” Phillips said. “We will continue to advance well service technology and deliver high-performance solutions in the field.”.