RADNOR, Pa.--(BUSINESS WIRE)--Preferred Sands, one of North America’s leading proppant technology companies, announced today that Chrome, a product from the company’s line of Polymeric Proppants, was selected as the silver winner in the eighth annual 2016 Golden Bridge Awards®.
Chrome is a proppant technology designed to lower the cost per barrel of oil equivalent (BOE) while enhancing production and flowback control in deep reservoirs within an application range of 140° – 280°. Designed in 2015, Chrome was selected for this award because of its ability to maximize production and prevent sand flowback at a competitive price point with an environmentally friendly coating.
“Many oilfield services companies are operating conservatively given the current state of the oil and gas market, and that’s been a driving force as we continue to innovate and launch products that will lower operating costs and optimize production,” said Michael O’Neill, founder and CEO of Preferred Sands. “We’re proud that one of our newest products has been selected to receive a Golden Bridge Award for the second year in a row.”
Preferred Sands developed Chrome last year to help operators save money by offering a lower cost product that still delivers superior flowback control, consistent with all of Preferred Sands’ coated polymeric technology. The company’s line of Polymeric Proppants are the only coated proppants that outperform conventional resins because of the unique bonding mechanism delivered by their polyurethane coating.
The Golden Bridge Awards are an annual industry and peer recognition program honoring the world’s best from every major industry. In its second year, the Energy Industry Innovation category honors new products and innovations that have improved the energy industry.
For more information about Preferred Sands’ line of Polymeric Proppants, visit www.PreferredSands.com.
About Preferred Sands
Preferred Sands is a leading provider of innovative technologies that set the standards for well production, efficiency, and sustainability within the hydraulic fracturing industry. Preferred’s innovative proppant technology solutions include Preferred Polymeric Proppants, the most advanced downhole coated proppant technology designed for maximum production efficiency, FloPRO PTT™, proppant transport technology designed for superior proppant distribution and increased production, and DustPRO™, the first dust prevention technology designed to reduce airborne particles during all sand transfer points. These pioneering product developments have earned Preferred recognition as a world leader in innovative and sustainable technologies throughout the oil and gas, chemical, and technology industries.
The company’s various awards include the 2014 CPI Polyurethane Innovation Award for Improving Oil Productivity; 2014 R&D 100 Award for Improving Oil Productivity; 2013 Oil & Gas Awards for Environmental Initiative of the Year, Industry Supplier of the Year, and Excellence in Environmental Stewardship; and 2012 Ernst & Young Entrepreneur of the Year in Energy, Cleantech, and Natural Resources.
About the Golden Bridge Awards:
Golden Bridge Awards are an annual industry and peers recognition program honoring best companies in every major industry from large to small and new start-ups in North America, Europe, Middle-East, Africa, Asia-Pacific, and Latin-America, Best New Products and Services, Best Innovations, Management and Teams, Women in Business and the Professions, Case Studies, Customer Satisfaction, and PR and Marketing Campaigns from all over the world. Learn more about The Golden Bridge Awards at www.goldenbridgeawards.com.