Flotek expands lines of chemistry technologies
Flotek Industries announced the expansion of its flagship lines of chemistry technology, including its patented Pressure reducing Fluid technologies and StimLube friction reduction line. Additionally, Flotek has completed a thorough analysis of its newest Complex nano-Fluid product developed for the Midland Basin. The product introductions and analysis will be presented at the SPE Hydraulic Fracturing Conference beginning Tuesday, January 23. StimOil MB - Flotek's patented Complex nano-Fluid technology customized for the unique geology, chemistry and economics of the Midland Basin - has consistently delivered exceptional performance and return on investment, as demonstrated in recent performance analysis. Flotek's performance evaluation team analyzed more than 425 wells in the Wolfcamp B reservoir, comparing wells treated with and without StimOil MB, with completion dates ranging from January 2016 to December 2017. The StimOil MB-treated wells outperformed the non-treated wells over an initial12-month production period, ranging in uplift from 22% to 32% at peak month production. Additionally, the decline curve analysis demonstrates sustained economic benefits over the same time period. To ensure accurate comparisons, all wells were normalized for proppant loading and perforated lateral length.