EUCLID, Ohio--(BUSINESS WIRE)--Terves Inc. (“Terves”) is pleased to announce that its family of patented, dissolvable (or disintegrating) magnesium materials, TervAlloy™ (*Patent # US9757796 B2), has now been established as the cost and reliability leader for making dissolvable frac plugs. With over 50,000 stages completed using TervAlloy dissolvable frac balls and dissolvable frac plugs, Terves’ TervAlloy is the most widely used Dissolvable Metal in the industry. Dissolvable Frac Plugs manufactured with TervAlloy dissolvable magnesium alloys have enabled longer laterals, accelerated completion times, and simplified completion operations. Multiple studies have shown that dissolvable frac plugs, dissolvable balls, and other tools made using TervAlloy can save hundreds of thousands of dollars for each well in remote locations by eliminating the need for coiled tubing drill-outs, snubber rigs, and workover rigs.
“In today’s extended lateral drilling environment, lightweight dissolvable plugs, dissolvable balls, and interventionless tools developed using dissolvable and reactive technologies can go beyond coiled tubing reach to increase production, potentially eliminating the need for intermediate casing and liner, reducing water usage, and simplifying operations. Unlike competing dissolvable materials that are manufactured using powder metallurgy, costly additions such as gallium and indium, or other complex production processes; our patented TervAlloy materials are manufactured in the United States using traditional casting and extrusion processes, leading to the lowest-cost, highest-reliability and fastest-to-manufacture dissolvable materials in the industry,” said Andrew Sherman, CEO of Terves.
To augment the use of its high-value dissolvable materials, Terves has recently launched fresh-water, higher-strength, higher-ductility and low- and higher-temperature TervAlloy dissolvable alloys which position Terves as the only manufacturer to provide dissolvable materials for almost every operating environment encountered in oil and gas completion and production. Terves also offers supporting technology, including dissolvable elastomers, trigger and delay coatings, erosion and wear resistant dissolvable metal matrix composites, and expandable materials that support advanced tool designs and new and novel uses of reactive structural materials. Terves also now offers patent-pending DissolvAssure™ technology, incorporating tracers, tags, and fluid modifiers to the dissolvable alloys and components to assure complete dissolution (degradation) and tailor removal times for operator needs.
Terves is the technology and cost leader in the development, manufacturing and sale of Engineered Response materials for the oil and gas industry. Terves’ Engineered Response materials respond to their environment to “do something specific”, such as dissolve, change dimensions, generate force or heat, destroy chemicals or bacteria, and/or other specific actions based on change in time, temperature, pressure and/or other triggering agents.
Terves is the leading manufacturer of dissolvable metals and dissolvable polymers that are used for making frac balls, plugs, slips, seals and several other components used in oil and gas well completion and production; and have been used for completing tens of thousands of stages in North America, Europe, South America, Asia and MENA regions. Terves’ product portfolio also includes highly-engineered specialty proppants, expandable materials, acoustic imaging tools, thermites and structural reactive materials, net-shaped ceramic-metallic (cermet) nanocomposites, and high energy density supercapacitors. Terves is a strong research-based and product-focused organization that works with oil and gas majors, operators, EPCs and OEMs to commercialize existing products and develop new compelling products for some of the most critical challenges in oil and gas exploration, production and completion.