RADNOR, Pa.–(BUSINESS WIRE)–Preferred Sands, one of North America’s leading proppant technology companies, today announced that wells located in Weld County, Colo. that used Preferred’s Genoa Sand proppant outperformed competing wells using Premium White Sand at comparable vertical depths by up to 29 percent. Genoa is primarily a fine mesh size production facility, which aligns with the significant 40/70 sand demand in the region.
The findings were based on real well data provided by NavPort, which sampled deep horizontal wells in Colo. All real well production reports are conducted using actual, disclosed public well data captured by the NavPort database. To ensure the most accurate production comparison, all wells included in a production report are identified using a strict methodology comprised of 18 distinct selection criteria, including operator name, well trajectory, hydrocarbon type, and distance (all wells included in a horizontal real well production report must be within a 1.5 mile diameter of each other).
Genoa Sand vs. Premium White Sand: Well Production Report One
In a study sampling wells in the Niobrara Shale in Weld County, Colo. at an average true vertical depth of 7,500 feet, the available production data indicates that wells using Preferred’s 40/70 Genoa Sand produced more than Premium White Sand wells by up to 12 percent, or up to $857,837 in average increased production, after an average of 10 months.
Genoa Sand vs. Premium White Sand: Well Production Report One
In a study sampling wells in the Niobrara Shale in Weld County, Colo. at an average true vertical depth of 7,500 feet, the available production data indicates that Genoa Sand provided more total cumulative production and more cost-efficient results based on total production per proppant cost. The wells using Genoa Sand in this study produced more than Premium White Sand wells by an average of 29 percent, or $2,307,185 in average increased production, after an average of 13 months.
“Manifest or unit train rail shipments from Genoa to Colorado offer a $400-$700 per car savings compared to all other mines in Ill., Wis., Minn., or Mo., based on Genoa’s geographic proximity to the DJ basin,” said Michael O’Neill, founder and CEO of Preferred Sands. “This proximity affords Genoa with short, reliable transit times that prevent supply interruption for our customers, which leads to increased production and lower costs.”
For more information, please visit www.preferredsands.com.
About Preferred Sands
Preferred Sands, headquartered in Radnor, PA, is one of North America’s largest proppant technology companies serving the hydraulic fracturing industry. Launched in 2007, Preferred is dedicated to developing and growing innovative technology solutions, including Preferred Polymeric Proppants, its environmentally-sensitive line of polymeric coated proppants, and DustPRO, the first cost-effective dust prevention solution designed to help oilfield service, exploration and production companies meet and exceed current and future silica dust exposure limits. These pioneering product developments have earned Preferred recognition as a world leader in innovative and sustainable proppant technologies throughout the oil and gas, chemical, and technology industries. The company’s various awards include: the 2014 CPO Polyurethane Innovation Award for Improving Oil Productivity; 2014 R&D 100 Award for Improving Oil Productivity; 2013 Oil & Gas Awards Environmental Initiative of the Year; 2013 Oil & Gas Awards Industry Supplier of the Year; 2013 Oil & Gas Awards Excellence in Environmental Stewardship; and 2012 Ernst & Young Entrepreneur of the Year in Energy, Cleantech, and Natural Resources.