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.”
For an industry less than a decade into its development, water management has emerged as a crucial component of upstream oil and gas development.
The dedication of resources in the new organization will accelerate growth in multiple business lines that Chevron expects to be part of a lower-carbon energy system, says CEO Mike Wirth.
Both contracts are expected to commence in the first quarter of 2022.