HOUSTON BASED SKYSPRING NANOMATERIALS, INC. ANNOUNCES THE FORMATION OF SKYSPRING OIL AND GAS SERVICES, INC.
November, 2013. Dr. Wen Cao, CEO and co-founder of SkySpring Nanomaterials, Inc. worldwide producer and supplier of metal and non-metal element nanoparticles for research and industry, announced a new company, SkySpring Oil and Gas Services, Inc. which is focused on products that will enable our customers to produce more of their recoverable oil and gas reserves than before.
Announcing this new company, Dr. Cao said “We have been working with a major oil and gas company to develop and test our very effective asphaltene solvents. We began receiving requests for cesium formate and cesium acetate fluids. Since we have the materials and production capabilities in place, we began manufacturing cesium fluids on a limited basis. Now we are in a great position to add the cesium fluids to our portfolio of products. Our logical next step is to launch a new, highly focused, oil and gas services company for this endeavor.”
SkySpring’s Product Engineer said “the cost effectiveness and positive HSE impact of cesium formate brines for HPHT oil and gas well drilling and completing has been well documented. Cesium Formate brines minimizes the risk of formation damage and improves oil and gas extraction efficiency. Cesium formate, along with our asphaltene solvents, is why we felt our new company, SkySpring Oil and Gas Services, Inc. is needed. We will focus on helping our oil and gas customers increase the amount of reserves they recover.”
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Contact: Rick Paulson