Vinson has roots in many of North America's most prolific oil and gas fields, including the Permian, San Juan and Mid-Continent basins. The Barnett Shale, where unconventional drilling got started, is in our backyard and where we worked side by side with our customers to understand and overcome the challenges. These techniques are now common and can be found throughout the Delaware Basin, Wolfcamp, Spraeberry and Wolfcamp plays in the Permian and the SCOOP/STACK plays of Oklahoma. Today, these basins are responsible for over half of North America's oil production and current drilling activity.
Oil and gas producers face many challenges. Managing produced fluids, HSE requirements, well performance, and dealing with the complexities of larger production facilities are just a few of the obstacles facing producers today. Similar to volume balance accounting at a refinery, the concept of Produced Fluids Management in the upstream production market is a combination of improved control operations and measurements to reduce unaccounted gas and liquid volumes from the wellhead through the transfer points at the LACT, gas sales meter, as well as flaring and saltwater disposal. This solution is managed within the Emerson RTU utilizing the integrated ProductionManager EDGE™ applications and has proven to reduce unaccounted/loss volumes from 15% to <1%. With the help of our plunger lift and gas lift solutions, which we have been delivering since the mid-1990's, producers have demonstrated the ability to improve production rates and/or reduce decline curves by 5-35%. Vinson also offers several electric and low-bleed valves, tank vents and instrumentation to meet emission standards.
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