RADNOR, Pa.--(BUSINESS WIRE)--Preferred Sands, one of North America’s leading proppant technology companies, today announced that wells using its Arizona Sand proppant outperformed competing wells using Premium White Sand at comparable true vertical depths by up to 28 percent, or over $1,000,000 in average increased production. The findings were based on real well data provided by NavPort, which sampled deep horizontal wells in New Mexico. Results from the real well production reports also revealed that Arizona Sand proppants lowered the total proppant cost by an average of 10 percent.
All real well production reports are conducted using actual, disclosed public well data from 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).
Arizona Sand vs. Premium White Sand: Well Production Report One
In a study sampling wells in Rio Arriba, N.M. at an average true vertical depth of 5,653 feet, Preferred Sands found that wells using Arizona Sand produced 28 percent, or $1,100,000 in average increased production, more than Premium White Sand wells, after an average of 11 months.
Arizona Sand vs. Premium White Sand: Well Production Report Two
In a study sampling wells in San Juan, N.M. at an average true vertical depth of 5,325 feet, Preferred Sands found that wells using Arizona Sand produced 18 percent, or $1,151,600 in average increased production, more than Premium White Sand wells, after an average of 11 months.
Arizona Sand vs. Premium White Sand: Well Production Report Three
In a study sampling wells in Rio Arriba, N.M. at an average true vertical depth of 5,618 feet, Preferred Sands found that wells using Arizona Sand produced 16 percent, or $826,204 in average increased production, more than Premium White Sand wells, after an average of 13 months.
“At Preferred Sands, we are committed to providing our customers with the highest performing and most cost-effective products, no matter the proppant line. Our Arizona Sand proppant is evidence of that, as it has been proven to outperform Premium White Sand at a significantly lower cost,” said Michael O’Neill, founder and CEO of Preferred Sands. “We are thrilled with the production results and will continue to create innovative technologies that not only optimize well performance, but also save money, which is critical in today’s operating environment.”
For more information about Preferred Sands, 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 RCS, its environmentally-sensitive line of resin-coated sands, 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.