4. Oil, Gas and $PCTL…(thank you Desert Eagle!)
In the 4th quarter of 2020, $PCTL executed a domestic supply agreement with Maverick Energy Services and Maverick Environmental Solutions of Holdenville, Oklahoma for a minimum of 1,000,000 gallons of PCT Hydrolyte® to be delivered over the next twelve months worth millions of dollars.
We now understand that PCTL is also testing their second fluid, PCT Catholyte, to enhance production from existing wells in Missouri.
With both fluids having lifecycle (cradle to grave) applications in the drilling and production of wells, and with the data on the horizon to back up the beneficial claims, I can see many independent E&P (Upstream) companies moving to PCTL fluids in the coming years.
As noted earlier, both fluids also have application in the O&G (downstream) sector such as the control of unwanted non-public health microorganisms, such as SRB’s (Sulfate Reducing Bacteria), reducing microbiologically influenced corrosion (MIC) and to remove the slime and associated sessile bacteria which can degrade the integrity of pipelines.
Oil & Gas Applications...
Hydrolyte® and Catholyte solutions are used for stimulation and enhancement of oil and gas production and to improve performance of drilling fluids.
Hydrolyte® is a highly effective alternative to disinfectants that are non-biodegradable or bio-accumulative. As a disinfectant, Hydrolyte® is selective, targeting bacteria responsible for microbial induced corrosion and slime while being safe to humans.
Catholyte, the byproduct of the ECA process, has been used to replace diesel oil as a cleaning solution for drill bits and other equipment on the well site.
These kinds of solutions can be used to enhance production from wells which have been impacted by down-hole growth of bacteria, and other microorganisms, by killing the bacteria and removing the restrictive biomass.
Water used for the fracturing of oil and gas wells can be treated to manage bacteria, protecting fracturing fluids and gels, and ensuring polymer and improved performance.
Hydrolyte® solutions remove scale and slime build-up from pipes. Cooling water systems can be kept free of biomass, improving heat exchange values and eliminating corrosion caused by microbial induced corrosion (MIC).
Produced water may be treated before being revised in stimulation fluids or water floods.
Data collected from field operations where frac water was treated with anolyte (Hydrolyte®) shows that the bacteria levels in the frac water were reduced below the threshold level that would adversely impact stimulation fluids and gels.
Catholyte has been shown to substantially reduce the surface tension of water and can be used to condition water used to stimulate well production.
As Hydrolyte® has some of the same properties as Catholyte and, being a biocide, it is a surfactant itself to some extent. Use of Hydrolyte® along with Catholyte at the well site results in recovering more oil using low cost and environmentally friendly ingredients compared to traditional disinfection chemicals (Biocides), which can be expensive, highly toxic and potentially hazardous for transport and storage.
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