Posted by: anonymous on 02/03/2009 01:40 PM
Updated by: anonymous on 02/03/2009 01:40 PM
Expires: 01/01/2014 12:00 AM
Hexion’s Oilfield Technology Group Opens New Production Plant for ValuBond Proppant
The Oilfield Technology Group (OTG) of Hexion Specialty Chemicals today announced the opening of a new production plant for its line of ValuBond resin coated proppants in the Oklahoma City area.
ValuBond is a curable resin coated 40/70 mesh sand designed specifically for waterfrac applications. These economical new proppants serve as an ideal replacement for uncoated sands. While they are competitively priced, they offer many of the same technological advantages of our other Stress Bond (SB) proppants.
“Hexion has been producing and selling ValuBond 40/70 for approximately one year and the product has proven to answer our customer needs in the appropriate application and price point to fit their requirements in the waterfrac arena,” said Jerry Borges, Vice President of OTG. “We continue to introduce new technologies coupled with additional capacity to enable our customers to meet the market demands in the unconventional gas markets.”
These proppants are recommended for waterfracs at closure stresses between 4,000 and 7,500 psi (28 – 52 MPa) and bottom-hole static temperature up to 250°F (121°C).
ValuBond provides:
• Higher Fracture Flow Capacity – Improved Post Treatment Well Production
• Lower Fines Generation and Migration – Higher Long-Term Fracture Flow Capacity
• Proppant Flowback Control – High Production Rates and No Wellbore Cleanouts
• Stress Bond Technology – Bonds Under Closure Stress and Temperature
The new plant, dedicated exclusively to ValuBond, is located in Oklahoma City, OK and began production in January. Lynn Loman, OTG’s Area Manager for the Mid-Continent and Permian Basin, said “I am excited to commission this plant to provide additional capacity, at an economical price, with the best possible logistics for the waterfrac market. This plant will add an annual production of approximately 100 million pounds of resin coated proppant to help Hexion alleviate some of the shortages experienced by our customers.”
This is one of several projects in Oilfield Technology Group’s plan to further increase production and distribution capabilities in an effort to meet the proppant demand of our customers. Hexion is planning future expansions in Texas, the Rocky Mountains, and Canada to meet anticipated market needs.
About Hexion’s Oilfield Technology Group
Hexion Specialty Chemicals’ Oilfield Technology Group is a global leader in resin coated proppants (RCPs) for use in hydraulic fracturing. We pioneered the technology over 20 years ago to help our customers optimize fracture flow capacity and improve post treatment well production. Hexion is committed to enhancing its industry leadership – and meeting our customers' specific application needs with a total solutions approach of quality products and services. Discover how Hexion's resin coated proppants can help you Get the Results You Expect. Additional information is available at www.hexion.com/oilfield.
##
Contact:
R. Steve Verboom
Marcom Manager
Oilfield Technology Group
+1 281 646 2831 phone
steve.verboom@hexion.com
