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Economic Analysis

Numerous studies have indicated that the


“Farr” plunger lasts from 2.46 to 5.98 times Top barrel Creator of the “Farr” plunger
connecter
longer than a standard conventional API
plunger. For this economic analysis, let’s be
Your pull
conservative and only use a factor of 4 times rod

Assumptions and facts for study. Farr No-go


(stop to
Ave. Production / Well = 20 BOPD protect
plunger on
Crude Oil Price = $50.00 / barrel upstroke)

Well Pulling Costs = $3,000 / well


API top
Pump Repairs = $1,000 / repair plunger
connecter
Farr Cost over Conv. = - $400 / repair
Farr plunger
Ave. Down Time = 4 days / well leading edge
We do not make the down hole pumps that
(taper)
Ave. Increase in Run Life = 4 times
pump your wells. We make them better.
Conventional
Savings Due to Farr Plunger API plunger

Well Pulling Cost: ($3,000 x 3 ) = $ 9,000


Down Time: (4 days x 20 bopd x $50 x 3) = $12,000
Farr plunger
Inside this brochure is a
Farr
Typical Pump Repair Cost: ($1,000 x 3 ) = $ 3,000
Cost difference for Farr : (Average ) = - $ (400)
connecting
rod Case Study in Venezuela with
Costs Savings per Well = $ 23,600 PDVSA (government owned oil company).
Farr
Connecter
(bottom)

Muth Pump LLC. How Do You …..


13905 Romero Ave. Cut well pulling costs?
Traveling
Bakersfield, CA. 93314-9336 USA Valves
Increase (longer) pump life?
Phone & Fax: (661) 588-8700 Increase pump efficiency?
Cellular phone: (661) 333-1297 Pump barrels
Reduce down time?
E-mail: garold@muthpump.com Reduce pump repairs?
E-mail: kirk@muthpump.com Eliminate stuck plungers?
Web site: www.muthpump.com Standing
Valves

United States Patent # 6,543,543 Only One Answer:


Canadian Patent # 2,201,497
Venezuela Patent Pending # 489-98
Indonesia Patent Pending # W00200102376 Old Conventional
API Plunger
New Style "Farr"
Plunger
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 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

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.