Company doubles facility capacity for award-winning biosurfactants that maximize revenue and sustainability
MIDLAND, Texas (April 16, 2020) Amid the oil industry’s financial crisis, owners and operators across the Permian Basin will now have better access to cost-saving treatments customized to sustainably maximize well production and lower operating expenses—the result of a recent expansion announcement from oil innovation company, Locus Bio-Energy Solutions™. The growth in the basin includes a 11,000-foot expansion across four acres to its facility in Midland, Texas, which will allow the company to broaden manufacturing and blending capacities and offer more rapid deployment of the award-winning AssurEOR biosurfactant treatments—tailored to help bottom lines and ESG compliance across the industry.
The Midland expansion comes as the oil industry struggles to overcome devastating challenges from COVID-19 and the Saudi/Russia price war—forcing companies to reevaluate operations and employment and make tough decisions to maintain stability. The AssurEOR biosurfactant treatments from Locus Bio-Energy are a valuable tool in alleviating financial strain by minimizing operating costs and maximizing revenues while also exceeding ESG compliance—making expanded availability of the solutions crucial across the basin.
“The Permian basin is the heart of the U.S. oil industry and now more than ever E&P companies need access to revenue-boosting solutions that will ensure a strong future for the region,” said Jonathan Rogers, CEO of Locus Bio-Energy. “The AssurEOR program outperforms standard treatments in safely extracting maximum oil from assets while eliminating unnecessary expenses, and our facility expansion allows more operators to reap the financial and environmental benefits of the program.”
In less than two years since their introduction in the Permian, the company’s AssurEOR biosurfactant treatments have become a game-changer for both profits and ESG by allowing producers to do more with less—safely enhancing oil production and extending the life of wells. The biodegradable and green solutions, which are formulated based on each formation’s mineralogy and fluids, have gained rapid notoriety for their successful use in well remediation and enhanced oil recovery. The treatment program’s ability to address safety, sustainability and profit earned it the recognition of 2019 New Technology Development of the Year in the Oil & Gas Awards for both the Texas and Northeast regions.
“The oil industry is facing some the toughest economic challenges of our time and staying afloat is the main concern; but if you can simultaneously lower environmental impact it’s a double win,” Rogers said.
Locus Bio-Energy is currently the only company with the bioinformatics and fermentation technology to cost-effectively commercialize the customized biosurfactants—which have never been used at scale in the oil industry to date. For more information on Locus Bio-Energy Solutions or the AssurEOR treatments, visit LocusBioEnergy.com.
About Locus Bio-Energy Solutions™
Locus Bio-Energy Solutions™ offers patent-pending, award-winning biosurfactant treatment programs 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-based products with the development of the AssurEOR program. The biosurfactant treatments are optimized for specific well conditions for enhanced oil recovery, wellbore cleaning, and paraffin wax and asphaltene remediation, including the cleaning of rods, pipelines and flow lines, casings and solidified storage tank bottoms. For more information, visit LocusBioEnergy.com.