Kevin Black, CEO, Creedence Energy Services, Eric P., Marty Shumway, Locus Bio Energy
Black gives thanks to the North Dakota Petroleum Council for the opportunity on stage and also for bringing the industry together when everyone needed the human element in business right now.
Black talks about the results of Enhanced Oil Recovery in the Bakken. Trial wells in 2009. Currently Creedence Energy Services works for 19 of the top 20 producers in the Bakken.
He said they’ve been targeting below 100 barrels a day, but are seeing more options everyday. Black gives an update on new trial wells near Parshall, ND, too. Black is seeing 2x ROI already.
Shumway talks about how Locus BE’s biosurfactant technology has already been successfully used to replace and outperform synthetic chemicals, enhance oil recovery, extend well lifespans and minimize new drilling across top U.S. oil and gas producing basins, including the Permian, Appalachian and Eagle Ford.
Based on proven results, a multitude of industry experts have confirmed the effectiveness of this renewable and sustainable technology.
Through the OGRP grant, Creedence will trial the novel biosurfactants in both legacy conventional and Bakken/Three Forks nonconventional wells in North Dakota.
Established in 2003, the OGRP encourages use of environmentally sound exploration and production methods and technologies. The program is funded from the state’s share of the oil and gas production tax and oil extraction tax, with up to $10 million dollars available each biennium. The NDIC has agreed to use a portion of the program’s funds to subsidize costs of the Locus BE/Creedence well stimulation trials, which will span over 18 months. The treatments are anticipated to successfully recover oil from current production assets left behind by previous technologies—enhancing oil production and subsequent tax revenues for North Dakota.
Jason Spiess presents Shumway and Black with a copy of Erik Hatch‘s book.
About Locus Bio-Energy Solutions®
Locus Bio-Energy Solutions® (Locus BE) has patented
technology that brings green biosurfactant treatments to the oilfield
proven to replace outperform synthetic production and chemicals at a
fraction of the dosage rates and cost. The environmentally friendly and
biodegradable solutions have been globally recognized for their ability
to maximize ESG and profitability, solve top pain points and help
operators do more with less. They are the only green
treatments approved as a tertiary EOR technology, qualifying users for millions of dollars annually in state tax incentives. Their unmatched
success in boosting oil production and minimizing new drilling are
driving sustainability and financial security across the industry. For
more information, visit LocusBioEnergy.com.
About Creedence Energy Services
Creedence Energy Services is the premier, local production chemical provider in the Williston Basin, solving complex downhole chemistry challenges to ensure asset protection, flow assurance, and production optimization. With advanced analytical capabilities and innovative chemistries, Creedence has emerged as the Basin’s technology leader in the production chemical market by delivering safe, reliable, and efficient solutions. For more information, visit Creedence-energy.com
For sponsorship information on The Crude Life Morning Show Play Hard Work Hard, email studio@thecrudelife.com or click here.
Sponsors, Music and Other Show Notes
Studio Sponsor: The Industrial Forest
The Industrial Forest is a network of environmentally minded and socially conscious businesses that are using industrial innovations to build a network of sustainable forests across the United States.
Weekly Sponsor: BCK-9 Pipeline Leak Detection
Disabled Veteran Owned Business in Decatur, TX. Servicing the K-9 industry with pipeline leak detection, detection services, dog training & K-9 consulting. Dwayne Farris served in the United States Marine Corps as a Military Police Officer, assigned to be a Military Working Dog Handler. Upon the honorable completion of active duty, he continued as a reservist for the U.S. Marine Corps Military Police Detachment located in Wahpeton, North Dakota as a squad leader. He was later promoted to the rank of Staff Sergeant.
As a civilian contractor, Dwayne operated for various high-profile U.S.-based security companies deployed to support Operation Enduring Freedom and Operation Iraqi Freedom. He served as a Combat Canine Tracking Handler, Trainer, Kennel Master, and Program Manager. His most recent experience was as the field-based Supervisory Subject Matter Expert working for TSA as the Regional Canine Coordinator for Region 5 based in Seattle, WA. In that position, he regionally oversaw all National Explosive Detection Canine Training Program assigned canine teams. For the Pacific Northwest area of operations, he served as a Regional Canine Training Instructor for the NEDCTP. Prior to joining the TSA, Dwayne was a Multi-Purpose Canine Trainer at Joint Base Lewis-McChord, Washington, for a special operations unit training and deploying K-9 teams in support of world-wide missions.
Weekly Sponsor: MineralTracker
MineralTracker is the only mineral management software that allows mineral owners to compare actual royalty payments to expected payments based on well performance and a proprietary, Bakken-specific reservoir model built by MineralTracker’s petroleum engineers.
MineralTracker was formed in Watford City, North Dakota, and is a subsidiary of First International Bank & Trust, a family-owned bank also based in Watford City.
Phone Line Sponsor: Swan Energy, Inc. 866.539.0860
Studio Email and Inbox Sponsor: To Be Announced
Featured Music: Moody River Band
For guest, band or show topic requests, email studio@thecrudelife.com
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