SOURCE: JP3 Measurement

June 13, 2016 07:00 ET

JP3 Launches Revolutionary Data Services Offering for Hydrocarbon Composition and Physical Properties Analysis in the Oil and Gas Industry

AUSTIN, TX--(Marketwired - June 13, 2016) - JP3 Measurement, LLC, is pleased to announce the launch of a revolutionary Data Services offering for the oil and gas industry. With this new offering, oil and gas customers can enjoy the advantages of real-time hydrocarbon composition and physical property analysis with no capital expenditure or long-term contract commitment. JP3 will provide all necessary equipment, software, and services to commission and maintain the measurements. Customers will pay a monthly data services fee based on the measurement package(s) they choose. Customers may maintain the plan for as long or as little as they choose with no termination penalties or costs. Available measurement packages include: Vapor Pressure; C1-C6+ Gas Composition; C1-C6+ Liquid Composition; Extended Gas and Liquid Composition; BTU; and Natural Gas Custody Transfer.

"JP3 is highly aware of the current capital constraints our customers face. Demonstrating our long-term commitment to the market and our customers, we are pleased to offer this plan which allows users to quickly achieve the benefits of real-time analysis, while funding them with the operational benefits generated," stated Matt Thomas, JP3 President and CEO. "We are confident that this offering will allow our customers to continue to advance and compete in a very difficult global market."

The data service plan is built upon JP3's powerful combination of advanced hardware and chemometric modeling capabilities. Utilizing Near Infra-Red spectroscopy, JP3 provides unprecedented measurement capabilities for oil & gas applications including: custody transfer; composition analysis for crude oil, condensate, NGL and gas streams; vapor pressure analysis; specific gravity; relative density; BTU; and many other physical and chemical properties. The inherent design of Verax products provides measurement speeds well beyond competitive technologies along with much higher reliability and lower maintenance costs.

Learn more at: www.jp3measurement.com

Verax ™ is a trademark of JP3 Measurement, LLC.

About JP3 Measurement

Headquartered in Austin, Texas, JP3 Measurement was founded in 2005 and provides the industry's only field deployable, real time, in-line optical analyzer for both liquid and natural gas measurement. With hundreds of measurement points in the field, JP3 is focused on improving the quality of hydrocarbon measurement and process control for the Oil & Gas industry. For more information, please visit www.jp3measurement.com or contact Gregg Williams, Sr. VP Sales. +1.512.537.8450 gwilliams@jp3measurement.com.

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