TenEx Applied sciences LLC is becoming a member of Chevron Expertise Ventures’ Catalyst Program, designed to speed up the expansion of early-stage corporations growing applied sciences that may be transformative for the power sector.
TenEx mentioned in a media launch the chance comes at an important time as trade operators search to stability capital self-discipline with the need for technology-driven productiveness and price financial savings, whereas the U.S. focuses on power safety and management.
TenEx mentioned its revolutionary chemistry options assist producers get better extra hydrocarbons from each new completions and present wells. The aim is to extend reserves, decrease the associated fee per barrel of oil equal (BOE), and improve environmental efficiency.
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TenEx CEO Miguel Peña mentioned, “Because the trade shifts from growth to effectivity, our options can provide operators the sting to spice up manufacturing, enhance operational efficiencies, lengthen important floor and subsurface gear life cycles, cut back environmental impression, and enhance returns on funding”.
“The Catalyst Program offers TenEx with the framework to deliver our breakthrough applied sciences to market sooner”, added Peña. “This collaboration strengthens our capacity to contribute meaningfully to U.S. power safety and world operational excellence”.
TenEx has a portfolio of next-generation chemical applied sciences for the power trade, together with MicroHOLD, which has been deployed in 1000’s of phases throughout the U.S. and Canada to enhance formation breakdown, decrease pumping occasions, and drive greater long-term manufacturing, the corporate mentioned. Its FullStim is a tailor-made suite of manufacturing chemistries that extends the lifetime of pumps and gear whereas decreasing intervention prices and unlocking incremental manufacturing from present wells. In the meantime, SandBOND offers an answer to handle expensive sand manufacturing and flowback challenges in each new and present wells, with a specific deal with horizontal wells, the corporate mentioned.
Most of its options are water-based and cut back or remove hazardous chemical compounds like acids and solvents, in keeping with the corporate.
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