HOUSTON, July 25, 2017 /PRNewswire/ -- CARBO Ceramics Inc. (NYSE: CRR) announced
KRYPTOSPHERE® HD has been utilized by all super major E&Ps
operating in the Gulf of Mexico,
for deep, high stress wells.
KRYPTOSPHERE HD is the leading ultra-conductive, high strength
ceramic proppant. It was initially engineered to solve the
production and completion challenges for Gulf of Mexico Lower
Tertiary development, where wells can experience a closure stress
range from 12,000 to 20,000 psi. This technology results in
higher production and estimated ultimate recovery (EUR), maximizing
the operator's return on investment.
In addition to its production enhancement capability,
KRYPTOSPHERE HD's unique durability, smoothness, and sphericity,
make it more resistant to cyclic loading and acids, and
significantly less erosive on frac pumps and downhole tools.
These benefits translate into increased completion tool life,
reduced rig down time, and overall cost savings for the E&P
operator. One company has reported that KRYPTOSPHERE HD is
enabling a multi-fold increase in tool life.
"This is an important milestone for KRYPTOSPHERE HD with all
super majors in the Gulf of Mexico
now having utilized the technology," said Don Conkle, vice president of marketing and
sales, CARBO. "We are receiving very positive feedback from
our clients. Production results are exceeding their
expectations on these prolific wells and they are also realizing a
substantial reduction in completion equipment wear-and–tear,
resulting in lower risk and cost," he concluded.
About CARBO
CARBO® (NYSE: CRR) is a global technology company that
provides products and services to the oil and gas and industrial
markets to enhance value for its clients.
CARBO Oilfield
Technologies - is a global leader that provides engineered
solutions in its Design, Build, and Optimize the Frac® technology
businesses, delivering important value to E&P operators by
increasing well production and EUR. Oilfield Technologies is
the world's largest producer of high quality ceramic proppant,
provides one of the industry's most widely used fracture simulation
software, has proprietary technology that provides fracture
diagnostics and production assurance, and offers consulting
services for fracture design and completion optimization. The
Company also provides a range of technology solutions for spill
prevention and containment.
Its products and services are sold to operators of oil and
natural gas wells and to oilfield service companies for use in the
hydraulic fracturing of natural gas and oil wells.
CARBO Industrial
Technologies - is a leading provider of high-performance
industrial ceramic media products that are engineered to increase
process efficiency, improve end-product quality and reduce
operating costs.
Its products and services are primarily sold to industrial
companies that work in manufacturing and mineral processing.
For more information, please visit www.carboceramics.com.
Forward-Looking Statements
The statements in
this news release that are not historical statements, including
statements regarding our future financial and operating performance
and liquidity and capital resources, are forward-looking statements
within the meaning of the U.S. Private Securities Litigation Reform
Act of 1995. Forward-looking statements describe future
expectations, plans, results or strategies and can often be
identified by the use of terminology such as "may", "will",
"estimate", "intend", "continue", "believe", "expect",
"anticipate", "should", "could", "potential", "opportunity", or
other similar terminology. All forward-looking statements are
based on management's current expectations and estimates, which
involve risks and uncertainties that could cause actual results to
differ materially from those expressed in forward-looking
statements. Among these factors are changes in overall
economic conditions, changes in the demand for, or price of, oil
and natural gas, changes in the cost of raw materials and natural
gas used in manufacturing our products, risks related to our
ability to access needed cash and capital, our ability to meet our
current and future debt service obligations, including our ability
to maintain compliance with our debt covenants, our ability to
manage distribution costs effectively, changes in demand and prices
charged for our products, risks of increased competition,
technological, manufacturing and product development risks, our
dependence on and loss of key customers and end users, changes in
foreign and domestic government regulations, including
environmental restrictions on operations and regulation of
hydraulic fracturing, changes in foreign and domestic political and
legislative risks, risks of war and international and domestic
terrorism, risks associated with foreign operations and foreign
currency exchange rates and controls, weather-related risks and
other risks and uncertainties. Additional factors that could
affect our future results or events are described from time to time
in our reports filed with the Securities and Exchange Commission
(the "SEC"). Please see the discussion set forth under the
caption "Risk Factors" in our most recent annual report on Form
10-K, and similar disclosures in subsequently filed reports with
the SEC. We assume no obligation to update forward-looking
statements, except as required by law.
FOR MORE INFORMATION:
Media:
Jamie Efurd, Marketing
Communications Manager
+1 281-921-6400
Investors:
Mark Thomas, Director, Investor
Relations
+1 281-921-6400
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SOURCE CARBO Ceramics Inc.