“This certification of ‘ultimate biodegradability’
Biodegradability refers to the time and completeness with which a substance breaks down into the basic elements of water and carbon dioxide in the environment. Tested in accordance with OECD 301B standards, ProOne’s drilling fluid lubricant met and exceeded the “Readily Biodegradable”
Importantly, there is no tradeoff in performance just because the product is earth-friendly. Compatible with water-based muds (WBM), oil-based muds (OBM) and brines, this breakthrough product offers the industry unparalleled lubricity as well as torque and drag reduction. When added to water-based muds (WBM), performance exceeds that of oil-based muds (OBM). Additionally, the mud that it is mixed in can be contained and moved from rig to rig without storage problems.
“Providing the oil and gas industry a drilling lubricant that offers unsurpassed friction reduction, reduces drilling costs and is earth friendly in any type of mud, has always been our goal,” said Tim Wagner, ProOne’s CTO. “In well after well, operators have seen significant torque reduction and increased penetration rates using our lubricant. Having now passed the biodegradability and toxicity testing with flying colors, ProOne lubricant will help operators reduce environmental risks and cleanup costs as well as drilling costs in all areas.”
Based in Orange County, California, ProOne, Inc. (ProOne), the operating division of ProOne Holdings, Inc., is in the business of developing and marketing high-performance, cost-effective lubricants and fuel products for commercial, industrial and oil industry customers. ProOne produces the most advanced and effective drilling lubricants in the world. Approved for use by major drilling fluid suppliers, ProOne provides the drilling fluid through distributors. All products in the family, including the revolutionary drilling fluid, use ProOne’s proprietary XPL+ technology. The product formulations are based upon metallurgical and molecular science, reducing friction substantially better than other products on the market, with over 50 times the film strength of conventional lubricants. For additional information on ProOne visit www.pro-one.us.
Public Relations for ProOne, Inc.
Statements contained in this news release, aside from those identifying historical facts, are 'forward looking statements' within the meaning of Section 21E of the Securities Exchange Act of 1934 and the Safe Harbor provisions as contained in the Private Securities Litigation Reform Act of 1995. Such forward-looking statements relating to the Company's future expectations, including but not limited to revenues and earnings, technology efficacy, strategies and plans, are subject to safe harbors protection. Actual company results and performance may be materially different from any future results, performance, strategies, plans, or achievements that may be expressed or implied by any such forward-looking statements. The Company disclaims any obligation to update or revise any forward-looking statements.