A tax credit recently approved by the Texas Railroad Commission under Statewide Rule 50 (Texas Administrative Code Rule 3.50) that qualifies leases using Locus BE’s unique non-living biological process for tertiary EOR to receive a 50% Severance tax break annually for the next 10 years.
In anticipation of growing demand for cost-saving treatments that successfully address cashflow and ESG concerns, Locus Bio-Energy Solutions™ has announced the addition of new resources in the Appalachian basin—including the opening of a Cambridge, Ohio facility and team expansions. The operational growth allows the oil innovation company to expand access to its award-winning biosurfactants, which safely increase production in declining wells by averages of 50%, improve performance and extend lifespan—reducing the need for new drilling and minimizing operating costs while maximizing sustainability.
New innovations are making the shift to green technology in oilfield applications easy and beneficial
