HOUSTON, Feb. 2, 2016 /PRNewswire/ -- CARBO Ceramics
Inc. (NYSE: CRR) announced the successful use of KRYPTOSPHERE® LD,
its ultra-conductive, low-density ceramic proppant technology, in
the Utica for CONSOL Energy, a leading Appalachian basin
producer. This is the first well to utilize KRYPTOSPHERE LD
and joins KRYPTOSPHERE HD as another product in the KRYPTOSPHERE
ultra-conductive proppant technology platform to maximize
hydrocarbon flow for the life of the well.
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In its first application, KRYPTOSPHERE LD was used at a depth of
approximately 13,500 feet. Under these stress conditions,
this technology was selected for its better economics, strength,
improved proppant transport and increased propped fracture
volume. KRYPTOSPHERE LD eliminated the need for gel and
cross-linked fluids, leading to a reduction in overall completion
cost. Initial production from the first well using
KRYPTOSPHERE LD was prolific, flowing more than 61.9 MMcfd of
natural gas in a 24 hour period and making it one of the highest
producing wells in the Utica to date.
KRYPTOSPHERE LD is engineered to have the same characteristics
as KRYPTOSPHERE HD – mono-sized with exceptional strength,
durability and smoothness – providing high conductivity across
the entire range of low to high stress well conditions.
It significantly exceeds the conductivity of existing low-density
proppant and reduces costly wear-and-tear on pressure pumping
equipment, ultimately providing higher production and estimated
ultimate recovery (EUR). In addition, the KRYPTOSPHERE LD
technology provides higher conductivity, improved proppant
transport and increased propped fracture volume compared to
intermediate-density and bauxite ceramics.
"Integrating KRYPTOSPHERE LD technology into our completion
design is an example of how CONSOL Energy has achieved the
completion efficiency that has allowed us to showcase three of the
top ten dry Utica well results to-date across the industry,"
remarked Kirby Walker, Director of
Regional Operations, CONSOL Energy.
"Commercializing innovations like KRYPTOSPHERE LD that lower the
operator's cost to produce oil and gas is a necessity in today's
challenging environment," added Don
Conkle, Vice President of Sales and Marketing, CARBO.
"Working with leading operators such as CONSOL Energy who make it
possible to introduce such technologies affirms the investment
CARBO is making in technologies that improve reservoir recovery and
F&D costs."
About CARBO
CARBO focuses on integrating technologies to produce 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.
For more information, please visit
www.carboceramics.com.
Investor Contact:
Mark Thomas, Director, Investor
Relations
(281) 921-6400
Media Contact:
Jamie Efurd, Marketing
Communications Manager
(281) 921-6400
About CONSOL Energy
CONSOL Energy Inc. (NYSE: CNX) is a Pittsburgh-based producer of natural gas and
coal. The company is one of the largest independent natural gas
exploration, development and production companies, with operations
centered in the major shale formations of the Appalachian basin.
CONSOL Energy deploys an organic growth strategy focused on rapidly
developing its resource base. As of December
31, 2014, CONSOL Energy had 6.8 trillion cubic feet
equivalent of proved natural gas reserves. The company's premium
coals are sold to electricity generators and steel makers, both
domestically and internationally. CONSOL Energy is a member
of the Standard & Poor's 500 Equity Index. Additional
information can be found at www.consolenergy.com.
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SOURCE CARBO Ceramics Inc.