Oil Industry Recognizes AssurEOR Production Products for Decline Curve Improvements
Customized treatment programs from Locus Bio-Energy Solutions™ show increases in safety and profitability
SOLON, Ohio—October 18, 2018—The nation’s oil industry is placing high priority on recognizing innovative technologies that address two of its biggest challenges—safety and the decline curve. A new, customizable treatment program, known as the AssurEOR line, continues to be highlighted as a solution. Developed by Locus Bio-Energy Solutions™ for use in upstream applications, these customized products have shown impressive results in improving production and safety, leading to features in national industry publications, finalist placement in the World Oil Awards and presentations at regional and national conferences. Most recently, experts were asked to present the technology as one of 15 presentations at Tudor, Pickering, Holt & Co.’s (THP) exclusive, invitation-only Energy Disruption Conference, which showcases disruptive innovations that are reshaping the oil and gas industry.
The AssurEOR line is recognized as one of the industry’s first treatment programs that offers financial benefits from use. In addition to best-in-class well maintenance, these products increase production and recoverable reserves—leading to improved profitability and the potential for tax benefits. The monetary gains and decreased safety concerns have skyrocketed demand across a multitude of basins, including the Appalachian, Powder River and Permian—grabbing the attention of the industry. Growing awareness has resulted in invitations for Locus Bio-Energy experts to present information on the technology through a variety of forums—from industry events and news articles to award submissions.
“To be successful as an industry, it is crucial that we find solutions which address both growing safety concerns and the rapidly declining production curves, and the AssurEOR products do just that,” said Gary West, senior vice president of business development for Locus Bio-Energy.
The AssurEOR line consists of AssurEOR FLOW™ treatments for paraffin dispersal and wellbore cleaning, and AssurEOR STIM™ treatments for enhanced oil recovery. All of the products were developed using non-bacterial, microbial-based formulations that are highly potent, yet non-toxic—making them safer alternatives to chemicals that provide even better results. The program utilizes Locus Bio-Energy’s unique fermentation process, allowing each treatment to be fully customized to specific regional and well characteristics, which maximizes performance. The innovative approach and impressive production increases are gaining national recognition.
“We understand that each well has its own challenges, and our focus at Locus Bio-Energy is to provide safe solutions that are designed for specific well characteristics and improve production for users,” said West. “We believe we may have found a disruptive technology that could be a true game-changer for the future of the energy sector, and we’re honored to have been invited to present it at TPH’s recent Energy Disruption Conference.”
Prior to treatments, users are encouraged to send well samples to the Locus Bio-Energy lab for product testing and formulation tweaks—optimizing results. The personalized AssurEOR products are currently available for use in the Appalachian, Powder River and Permian basins—with plans for additional expansion. For more information on the customized treatment program or upcoming industry presentations, visit LocusBioEnergy.com or contact the team.
About Locus Bio-Energy Solutions™, LLC
Locus Bio-Energy Solutions™, LLC offers patent-pending treatments based on the by-products of non-GMO microorganisms for oil applications that are cost-competitive, biodegradable and safer than current chemical and traditional treatments, with even better results. A world-class team of R&D scientists have solved many of the problems plaguing other biological product-based treatments with the development of AssurEOR FLOW™ and AssurEOR STIM™. The products include customized treatments optimized for specific well conditions for enhanced oil recovery, viscosity reduction, wellbore cleaning, and paraffin wax and asphaltene dispersal, including the cleaning of rods, pipelines and flow lines, casings and solidified storage tank bottoms. For more information, visit LocusBioEnergy.com.