Locus Bio-Energy Solutions, an oil technology company whose environmentally-friendly biosurfactant treatments consistently increase well production by averages of 40%, officially opened its new 7,117-square-foot Houston innovation center on Sept. 17.
The company debuted the center to top oilfield leaders during an exclusive workshop.
Located in a Houston suburb known as The Woodlands, the innovation center will act as Locus Bio-Energy’s new headquarters, housing the executive and scientific leadership teams. It features a state-of-the-art laboratory to customize and deploy the company’s award-winning AssurEOR biosurfactant treatment program across the Permian and other Texas basins.
This is the third expansion for Locus Bio-Energy, which started with an R&D facility in Solon, Ohio at the headquarters of its parent company, Locus Fermentation Solutions (Locus FS). Since Locus Bio-Energy was founded in 2017, it has tripled employment and built additional facilities in the heart of the Appalachian and Permian basins. It now has offices in Worthington, Ohio, and Midland and The Woodlands, Texas.
“This new innovation center is the next step in executing our strategic growth plan, and we’re honored to continue building roots in Texas by expanding our presence in the Permian basin and entering the Eagle Ford basin,” Jonathan Rogers, the company’s CEO, said. “Our goal is to bring innovative green chemistries to the oil industry, and the center has the specialized, niche analytical capabilities to take our offerings to the next level.”
Recommended Reading
Expert: Energy’s Stock Market Boom Just the Start of a Supercycle
2022-05-16 - Despite the efforts of the divestiture movement, the oil and gas sector’s 12-month performance clobbers that of the market as a whole.
Midstream’s Green Tax Incentive
2022-04-19 - Midstream companies can “green up” by installing the necessary equipment to produce power from waste heat while using the recently enacted federal tax credit to reduce the associated capital costs.
Lyondell Basell to Shutter Houston Oil Refinery in Refining Exit
2022-05-02 - Lyondell said the Houston refinery, once the anchor of its supply chain as a regional chemical company, no longer fit with its global petrochemical production.
Cenovus Triples Dividend as Profits Soar with Crude Prices
2022-04-27 - Canada's Cenovus Energy announced its plans to return 50% of excess free funds flow to its shareholders after upstream production increased by nearly 30,000 boe/d from first quarter 2021.
TC Energy Beats Profit Estimates, Expects LNG Exports to Grow 90%
2022-04-29 - The Calgary, Alberta-based company said increasing U.S. LNG exports and a focus on global energy security were creating new opportunities. Around a quarter of U.S. LNG export volumes travel through TC Energy’s gas pipelines.