Momentive Specialty Chemicals’ Oilfield Technology Group Adds Transload Facility in the Permian Basin
HOUSTON, Texas - (February 11, 2014) - The Oilfield Technology Group (OTG) of Momentive Specialty Chemicals Inc. (“Momentive Specialty Chemicals” or the “Company”) today announced the opening of a new transload facility to provide resin coated proppants to fracturing service companies and operators in the oil and gas industry.
Momentive Specialty Chemicals has a history of supplying the Permian Basin with advanced resin coated proppants suited for hydraulic fracturing treatments in the area. The latest transload, located in Odessa, Texas, is centrally located in the Permian Basin. The facility will complement the Company’s two other Permian Basin transloads located in Fort Stockton and Lubbock, Texas.
We provide a consistent supply of our resin coated proppants to the Permian Basin. This includes OilPlusTM proppants for enhanced oil recovery and Black UltraTM proppants for low temperature wells (bonding occurs down to 90°F without a consolidation aid). These advanced products have already proven their value in many successful wells in the area.
“We continue to expand our transload network to supply our resin coated proppants even more efficiently throughout North America,” said Jerry Borges, Senior Vice President, Oilfield Technology Group. “This new addition allows us to effectively serve our customers operating in the Permian Basin.”
Resin coated proppants are used in the hydraulic fracturing process to help optimize production from oil and gas wells by maximizing fracture flow capacity from the reservoir to the wellbore.
Technological innovations and the Company’s introduction of enhanced materials have expanded the use of resin coated proppants into unconventional reservoirs that feature complex and challenging geological formations. Momentive Specialty Chemicals’ experienced personnel, with their years of hydraulic fracturing knowledge and expertise, continue to bring advanced proppants to the industry.
About Momentive’s Oilfield Technology Group
Momentive Specialty Chemicals’ Oilfield Technology Group is a global leader in resin coated proppants for use in hydraulic fracturing. Momentive pioneered the technology more than 25 years ago to help customers optimize fracture flow capacity and improve post treatment well production. Our products also include fluid performance additives for various oilfield applications such as foam control, demulsification, and formation fines control. Momentive also provides hydrogen sulfide scavengers for crude oil and natural gas production. Momentive is committed to enhancing its industry leadership and meeting its customers' specific application needs with a total solutions approach of quality products and services. Additional information is available at www.momentive.com/oilfield.
Momentive Performance Materials Holdings LLC (“Momentive”) is the ultimate parent company of Momentive Performance Materials Inc. and Momentive Specialty Chemicals Inc. Momentive is a global leader in specialty chemicals and materials, with a broad range of advanced specialty products that help industrial and consumer companies support and improve everyday life. Its technology portfolio delivers tailored solutions to meet the diverse needs of its customers around the world. Momentive was formed in October 2010 through the combination of entities that indirectly owned Momentive Performance Materials Inc. and Hexion Specialty Chemicals Inc. The capital structures and legal entity structures of both Momentive Performance Materials Inc. and Momentive Specialty Chemicals Inc., and their respective subsidiaries and direct parent companies, remain separate. Momentive Performance Materials Inc. and Momentive Specialty Chemicals Inc. file separate financial and other reports with the Securities Exchange Commission. Momentive is controlled by investment funds affiliated with Apollo Global Management, LLC. Additional information about Momentive and its products is available at www.momentive.com.
R. Steve Verboom
Momentive Specialty Chemicals Inc.
Oilfield Technology Group
+1 281 646 2831 phone
Vice President, Investor Relations & Public Affairs
Momentive Specialty Chemicals Inc.
+1 614 225 2223
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