Creedence Energy Services and Locus Bio-Energy Solutions ink distributorship agreement for use of biosurfactant technology after Bakken trials show up to 70% higher production in declining wells
SUSTAIN™ biosurfactants, the 100%-renewable treatments from Locus Bio-Energy Solutions that double initial production, are a best completion technology finalist in the World Oil Awards 2021. The carbon-neutral green technology shows promise in reviving the U.S. shale market by doubling initial oil production and slowing declines in unconventional wells.
Dr. Mahmoudkhani received the SPE Regional Production and Operations award from the Society of Petroleum Engineers-Gulf Coast Section (SPE-GCS)
Creedence Energy Services, in partnership with Locus Bio-Energy Solutions, will utilize funding from the Oil and Gas Research Program to trial ESG-friendly biosurfactants
Oil innovation company chosen as North American winner for biosurfactant solutions that improve financial stability and sustainability
As operators search for new oilfield chemistries, S&P Global Platts is recognizing biosurfactants as a top green technology that can improve sustainability, increase profitability of current well operations and minimize new drilling. The solutions were developed by Locus Bio-Energy Solutions® (Locus BE), which has been named a finalist in the 2020 S&P Global Energy Awards for two categories: “Rising Star Company” and “Emerging Technology of the Year”.
SUSTAIN is the newest addition to Locus BE’s portfolio of award-winning biosurfactant solutions for upstream oil applications, which have received global recognition for their ability to maximize production, cut costs and help operators do more with less.
A technology breakthrough is making it possible to cost-effectively reduce worldwide chemical surfactant reliance for the first time. Production methods developed by Locus Fermentation Solutions (Locus FS) are driving a global shift to the use of high-performing biosurfactants customized to directly replace surfactants in key global industries—with a 37% lower carbon footprint.
Locus Bio-Energy Solutions™ (Locus BE) has received ISO 9001 accreditation for the proprietary fermentation processes used to produce its award-winning biosurfactants for oilfield applications. The accreditation confirms Locus BE operates with quality management systems that ensure the oil innovation company can consistently meet customer demands, and validates the quality and consistency of its patented technology and green EOR well treatments—which outperform synthetic chemicals in recovering oil at a fraction of the dosage rate and cost.
As operators scramble to cut costs, the Texas Railroad Commission (RRC)—which oversees all oil & gas operations in the state, including the top U.S. oil producing Permian Basin—voted to approve a new 10-year H13 tax credit for use of a green EOR technology. Known as the AssurEOR program and developed by Houston-based oil innovation start-up Locus Bio-Energy Solutions, the biosurfactant treatments are the first cost-effective and environmentally friendly products proven to sustainably increase oil production by 40% or more and extend the lifespan of declining wells—boosting revenue and financial stability.