Momentive

FOR IMMEDIATE RELEASE

 

Momentive Specialty Chemicals’ Oilfield Technology Group Opens New Plant in Batesville, Arkansas

 

Ongoing Expansion to Meet Oil and Gas Industry’s Need for Proppants

 

HOUSTON, Texas - (August 1, 2011) - The Oilfield Technology Group (OTG) of Momentive Specialty Chemicals Inc., today announced the startup of a new manufacturing plant in Batesville, Ark., to provide additional resin coated proppants to fracturing service companies and operators in the oil & gas industry.

 

“We continue to add needed capacity to satisfy our customers’ demand for specialty proppants for the growing horizontal fracturing market. The addition of this facility to our current manufacturing grid will enable us to ensure an ongoing and secure supply of specialty proppants for the industry,” said Jerry Borges, Vice President, Oilfield Technology Group.

 

The Batesville plant is the second addition to the OTG manufacturing grid in 2011.  The business expanded its plant in Cleburne, Texas, earlier this year and has incremental expansions in process at other facilities.  It now operates a total of six manufacturing plants with multiple production lines and fourteen transload facilities serving the U.S. and Canadian markets.

 

The new Batesville facility will manufacture OTG’s newest addition to its product line, called Black Pro™ proppant, which offers next-generation resin bonding technology.

 

“We continue to develop new products to address the shale exploration requirements in North America,” Borges said.  “Black Pro proppant is another addition to our line of curable products that provides flowback control for our customers in the numerous frac treatments in the horizontal sections. The benefits of curable resin coated proppants have helped our customers maintain clean wellbores when producing these prolific wells,” Borges said.

 

Black Pro proppant improves proppant pack integrity, even under the harshest cyclic stress conditions common in today's shale wells.  This proppant also provides enhanced proppant embedment resistance under cyclic stress, maintaining higher pack permeability and fracture width compared to traditional curable resin coated proppants.  Their quicker bond strength development allows for faster post-treatment flowback at higher drawdowns than other resin coated proppants.

 

Resin coated proppants are used in the hydraulic fracturing process to help optimize production from oil and gas wells by maximizing fracture flow capacity from the reservoir to the wellbore.  Technological innovations and Momentive’s introduction of enhanced materials have expanded the use of resin coated proppants into unconventional reservoirs that feature complex and challenging geological formations.

 

About Momentive’s Oilfield Technology Group

Momentive Specialty Chemicals’ Oilfield Technology Group is a global leader in resin coated proppants for use in hydraulic fracturing. Momentive pioneered the technology more than 20 years ago to help customers optimize fracture flow capacity and improve post treatment well production.  Momentive is committed to enhancing its industry leadership and meeting its customers' specific application needs with a total solutions approach of quality products and services. Additional information is available at www.momentive.com/oilfield.

 

About the new Momentive

Momentive Performance Materials Holdings LLC is the ultimate parent company of Momentive Specialty Chemicals Inc. and Momentive Performance Materials Inc. (collectively, the “new Momentive”).  The new Momentive is a global leader in specialty chemicals and materials, with a broad range of advanced specialty products that help industrial and consumer companies support and improve everyday life. The company uses its technology portfolio to deliver tailored solutions to meet the diverse needs of its customers around the world.  The new Momentive was formed in 2010 through the combination of entities that owned Momentive Performance Materials and Hexion Specialty Chemicals. The company is controlled by investment funds affiliated with Apollo Global Management, LLC.  Additional information about the new Momentive and its products is available at www.momentive.com.

 

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Contacts:

 

Media:
R. Steve Verboom
Marcom Manager
Momentive Specialty Chemicals Inc.
Oilfield Technology Group
+1 281 646 2831 phone
steve.verboom@momentive.com

 

Peter F. Loscocco
Vice President, Public Affairs
Momentive Specialty Chemicals Inc.
+1 614 225 4127
peter.loscocco@momentive.com

 

Investors:
John Kompa
Director, Investor Relations
Momentive Specialty Chemicals Inc.
+1 614 225 2223
john.kompa@momentive.com