Jaxon Caines, technology reporter, Hart Energy: Why does size matter? Well, because in the oil field, you want to enhance both oil mobility and recovery. When a biosurfactant is smaller, it can move faster. And Locus Bio-Energy's portfolio features biosurfactant products that are 3.1 nanometers. So what does that mean for enhanced oil mobility?
Megan Pearl, vice president of technology, Locus Bio-Energy Solutions: The nanometer size of our biosurfactants means that they are physically able to touch rock and access oil that conventional chemistries can't. They can get into the tiniest of nano fractures and smallest nano pores, ultimately leading to more oil produced. But it also means that they're able to penetrate, disperse and suspend complex molecular structures, meaning that those particles are not going to block flow in any parts of the reservoir. And the surfactants from Locus may be small, but they're mighty, since they're packed with as many chemical components as possible to impact each stage in oil production and maximize recovery from the rock through the fracture, through the fluids and then to the surface.
JC: But it's not enough to enhance oil mobility. You have to maintain oil integrity, but one chemistry doesn't fit all. Chemicals that are used are highly dependent on optimizing the chemical dosage for your selection. Multifunctional, enhanced bio surfactant technology outperforms conventional acidizing solver packers and tackles key challenges in wellbore remediation in a single, sustainable chemical package.
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2023-09-22 - Oceaneering intends to use the net proceeds from the offering, together with cash on hand if necessary, to fund the purchase of any and all of its 4.650% senior notes due in 2024.
2023-09-21 - Arclight Capital Partners adds former Vistra Corp. CEO Curt Morgan as senior adviser.
2023-09-20 - LNG developer NextDecade Corp. has secured debt financing to support construction of the company’s Rio Grande LNG export project in South Texas.
2023-09-20 - Hess Midstream will repurchase $100 million worth of units from the company’s sponsors, Hess Corp. and Global Infrastructure Partners.
2023-09-20 - Permian Resources will not receive proceeds from the stock offering.