Chem Rock has announced that its premier fluid system, OmegaStim™, has successfully completed its 4000th stage. Designed as a direct replacement for traditional cross-linked and hybrid fluid systems, OmegaStim is the industry's first field proven, viscosity enhanced, and fully breakable slick water fluid system.
Higher cost savings
According to oilfield service company Baker Hughes, the US has seen nine consecutive weeks of falling rig counts, with the count now at its lowest level since April 2010. As the price of crude oil continues to plunge and the industry is threatened with cutbacks, oil and gas operators are seeking solutions to cut costs without cutting production. OmegaStim, with the performance characteristics of a cross-linked fluid and the cleanliness and economic advantages of a slick water system, is increasingly being turned to as a low cost, high return solution.
"Amid falling oil prices, our clients need a way to cut costs without sacrificing performance," said Wayne Cutrer, President of Chem Rock Technologies. "OmegaStim is filling that void. This milestone shows that the company is committed to working with our customers to provide real solutions to their most pressing needs."
Launched in December 2013, the slick water fluid system has been successfully pumped on 4000 stages in the DJ Basin, Permian Basin, Bakken, Haynesville Shale, Tuscaloosa Marine Shale and the Barnett Shale.
OmegaStim is proprietary technology developed at Chem Rock's facility in Lafayette, Louisiana by some of the industry's most knowledgeable and experienced chemists and fluid managers.
Adapted from press release by Cecilia Rehn