Ft. Worth, Texas-based Bosque Systems LLC, a company specialising in treating water for the oil and gas sector, has announced the release of a new system, OptiFluids, which saves producers up to 30 percent on the cost of chemicals used in hydraulic fracturing. It also allows producers to choose the best chemicals for each job rather than accepting a predetermined package from the horsepower provider.
The system reduces costs by connecting producers directly with chemical manufacturers, eliminating the price markups incurred as chemicals pass through resellers, service companies and pumping firms.
For five years Bosque Systems had already been helping oil and gas producers process and reuse produced water. “We saw a niche for designing and running products on the fracturing fluids side that are tailored to the operator and to each individual well’s conditions,” said Robert Mitchell, Bosque’s Vice President of Technology and Engineering. Many large service companies include a predetermined chemical mix in their completion package regardless of the well’s downhole dynamics, which can lead to inflated chemical prices and reduced well performance.
Using Mitchell’s previous experience in the chemical industry, Bosque went directly to suppliers and offered to deliver their product directly to the industry. Completion jobs still require the service companies’ large horsepower machinery, but OptiFluids unbundles the chemicals from the package, allowing for savings and flexibility.
Bosque’s precise measuring technology allows for accurate billing of chemicals used. The system encompasses complete monitoring and control capabilities for each chemical individually, delivering the exact dosage throughout the hydraulic fracturing process. Bosque field experts allocate the mix, and specially-designed equipment precisely measures and delivers it to the pumps. Precise measurement means a properly optimized well, and producers pay for exactly the amount of chemicals they receive.
Mitchell said early users have greatly appreciated that delivery precision, along with cost savings, because that accuracy is unheard of in the industry.
Innovations like OptiFluids have allowed Bosque Systems to continue growing rapidly even in the current low price environment. The Dallas Business Journal recently ranked Bosque at number 9 on its Middle Market 50 list of the fastest growing mid-sized companies in the Dallas-Ft. Worth area.
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