Weatherford to deploy DynaEnergetics’ well perforating system

BOULDER, Colorado -- DynaEnergetics, a business of Dynamic Materials Corporation, has entered into a Principal Partner Agreement with Weatherford International.

Under the agreement, Weatherford becomes the first oil field service company to deploy DynaEnergetics’ DynaStage product, a factory-assembled, performance-assured well perforating system incorporating the safety features of DynaEnergetics’ advanced detonator technologies.

The DynaStage system utilizes the latest generation of the company’s integrated switch detonator, which was introduced approximately two years ago and has been used in more than 300,000 select-fire perforations without a single safety incident. The new DynaStage detonator arms the DynaStage system upon insertion, and eliminates the need for field wiring. DynaStage is being assembled at manufacturing facilities in Pennsylvania and Texas.

The agreement ensures DynaEnergetics will meet pre-determined inventory and pricing commitments as Weatherford incorporates DynaStage into its U.S. well-completion operations and advances its expansion objectives.

DynaEnergetics also will provide technical, logistical and field support, as well as training, sales and marketing assistance. The agreement follows a six-month field-testing partnership conducted by both companies. Financial terms of the agreement were not disclosed.