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.
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.
With extensive budget cuts, an oil surplus and lack of storage, shut-ins are inevitable—but they come with some BIG risks. Don’t risk formation damage and production loss with shut-ins. An AssurEOR biosurfactant pill can help safely prepare wells and help to ensure performance when returning online.
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.
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 bottoms lines and ESG compliance across the industry.
Wax accumulation in wells and low oil recovery rates are two of the major challenges in the oil industry. At the same time, it is important to note that every well has its unique characteristics, such as depth, producing zones and reservoir rock type, etc.