WadeCo Specialties
Company/Services Overview
Agenda
• Who we are
• What we do
• Management and Field Resources
• Production
• Pipeline/Midstream
• Frac Services
• Serv...
WadeCo Founder & CEO
Wade Havens
Founder's Letter
I founded WadeCo Specialties in 2005 on the simple premise that quality
...
President’s Letter
Ryan Havens
President's Letter
When I joined WadeCo Specialties in 2007, I started out treating wells a...
Who We Are
• We are an independent oil and gas specialty
chemical and service company
• In 2015, WadeCo reached 170+ emplo...
Who We Are
• WadeCo stands by four principles
– Safety
– Service
– Integrity
– Competence
• Chemistry innovators
– Proprie...
Safety
Our objective is a safety and health program that will reduce the number of injuries and illnesses to an absolute m...
What We Do
• Drilling additives
• Stimulation
• Fracturing Chemistries
• Production
• Transmission/Pipeline
• Water Dispos...
Footprint
• WadeCo is involved in the treatment of
over 7,000 producing wells
• WadeCo is responsible for over 7,500 miles...
WadeCo Locations
O&G Operators Serviced
• Major Independents (3)
– $11 billion+ market caps
• Large Independents (6)
– $2 billion+ market c...
Management Resources
• Wade Havens
– CEO WadeCo Specialties
– 31 years in the chemical industry
– Has spent his career wor...
Management
Resources
• Doyce Taylor
– VP Operations
– 25 years in the chemical industry
– Has worked with most super major...
Corporate Presence
Gary Varnadore (DFW/OKC) and Brandon Rives
(Houston)
• Interface with existing customers
• Deliver and ...
Production
• WadeCo provides products and services for
production customers across the US
• We have experience with all ty...
Basic Production Chemistries
• Corrosion
– Multiple amine options
– Access to best in class chemistries
• Scale
– Ester, p...
Basic
Production
Chemistries
• Demulsifiers
– Over 20 different chemistries
– Most are WadeCo’s proprietary formulations
–...
Pipeline/Midstream
• WadeCo provides products and services for
midstream customers across Texas and
New Mexico
• Major Ind...
Frac Services
Frac Trailers
• WadeCo utilizes our own self
sufficient frac trailers
– Versatility from being able to be placed
anywhere ...
Frac Companies Serviced
• Cudd
• Superior
• Basic
• Frac Tech
• Universal
• Ultra Tech
• Baker Hughes
• Pro Petro
• Great ...
Post Frac Monitoring
• WadeCo gives monitoring solutions post-
frac that you will not get from other
providers
– Bacteria ...
Innovative Frac Chemistries
• PD-603
– Water soluble, liquid paraffin inhibitor that can be
pumped on the fly
– Up to 15 m...
Salt Water Disposal
• WadeCo has an SWD Division that
is solely focused on salt water
injection
– Water quality
• Oil carr...
SWD Fundamentals
• Survey
– Millipore
– TPH
– Injection well pressure
– Injection well throughput
– H2S readings
– Visual ...
Service
• We employ a Complete Service Model
– Service Technicians double as treaters and/or delivery
– Each Service Techn...
Service Expectations
• WadeCo personnel onsite for every failure
• WadeCo will provide 24/7 personnel to an account for
30...
Why Our Service is Better
• Traditional
Structure
• WadeCo
Structure
Field Service Resources
• Service Technician
– Treater/delivery/inventory/sampling
– Covered by Sr. Service Tech when need...
Labs
• WadeCo has its own lab in Yorktown, Texas and we are
working on an additional new lab in Midland, Texas
• WadeCo em...
In House
Lab
Critical Mass Lab Support
• Local utilization of 3rd party labs
– RCCI
• Bacteria enumeration
• Flow loop testing
• Specia...
– PBML
• Detailed metallurgy analysis
• Expert microscopy for failures
– Energy Labs
• Trace metals
• Crude oil fingerprin...
Field Lab Work
• WadeCo's personnel is trained in proper
sampling methods and preliminary testing such
as
– Dissolved Gas ...
Our Approach to Bacteria
Testing
• WadeCo does not utilize serial dilution as a method of
determination for the effectiven...
West Texas Case History
• Wolfberry Operator with 275 wells has a failure
rate of 1.8 FPY
• WadeCo is awarded the business...
Historical Case History Data
Historical Case
History Data
0
50000
100000
150000
200000
250000
300000
350000
400000
450000
Dollars
OPEX Production Chemi...
Neal Ranch Case History
• WadeCo awarded a 250 well Wolfberry package in
March 2015
• Goal to lower failure rate from 1 to...
Neal Ranch
Case History
PSC Self Contained Setup
• WadeCo’s PSC product line is designed to
be self sufficient, providing ...
Neal Ranch
Case History
8 month run
time with no
hot watering
using PSC and
self contained
setup
Neal Ranch
Case History
8 month run
time with no
hot watering
using PSC and
self contained
setup
Neal Ranch
Case History
12 month run
time with no
hot watering
using PSC and
self contained
setup
Neal Ranch
Case History
Before
After
Reporting/Failure Tracking
• Monthly reporting is a core focus of
WadeCo
– Year to date chemical spend by discipline and
a...
• Failure Tracking
– Ability to create failure trends through data
– Monitoring of problem wells
– Graphical representatio...
FailureReports
Failure Analysis Report
Customer: Customer Report Date: 4/8/13
Location: UL Failure Date: 4/8/13
Lease: NOR...
Service Work Needed:
Pictures
FailureTracking
Failure
Tracking
Financial Recaps
COMPANY:
MONTH:
ACCOUNT REP.
CONTACT NUMBER:
Tank Battery Name BOPD BWPD MCF
Total Cost
Continuous
Inject...
Financial
Recaps
Treating Summaries
COMPANY: Company Name
MONTH: Month of Treatment
ACCOUNT REP. John Smith
CONTACT NUMBER: 555-555-5555
Fr...
Treating
Summaries
COMPANY: Company Name
MONTH: Month of Treatment
ACCOUNT REP. John Smith
CONTACT NUMBER: 555-555-5555
St...
Data
Tracking
Summary
• We have the expertise and means to solve any
problem
• We have the experience to understand your
needs and expec...
Q&A
WadeCo thanks you for the
opportunity to introduce our company
and our treating and service
philosophies.
Questions?
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WadeCo August 2015

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WadeCo August 2015

  1. 1. WadeCo Specialties Company/Services Overview
  2. 2. Agenda • Who we are • What we do • Management and Field Resources • Production • Pipeline/Midstream • Frac Services • Service/Equipment • Research/Lab Services • West Texas Case History • Innovative Chemistries • Reporting/Failure Tracking • Q&A
  3. 3. WadeCo Founder & CEO Wade Havens Founder's Letter I founded WadeCo Specialties in 2005 on the simple premise that quality products delivered by experienced technicians under a chemical program supported by on-going testing and reporting would deliver a better bottom line for the customer. WadeCo’s staying power with the customers who use our services is driven by the results we enable them to achieve. By structuring your program on testing to determine needs and being committed to continuing to evaluate and report results, WadeCo is the most effective chemical partner you can have in the effort to maximize the investment in your assets for the long haul. Sometimes, this even means adjusting the program to treat with less chemicals! A lot of people would argue that it is not good for business to reduce the quantity of chemicals delivered to the customer, but if you are in the business of improving customer results, and not just selling product, then you have to pay attention to what the well or pipeline is telling you. Around that founding premise, we have built a team of dedicated, well trained and most importantly, customer driven people. From top to bottom our organization has the singular focus of ensuring that your needs are met consistently. Give our team an opportunity to tell you more about how we do it differently. You will not be disappointed! - Wade Havens
  4. 4. President’s Letter Ryan Havens President's Letter When I joined WadeCo Specialties in 2007, I started out treating wells and managing inventory. That “hands on” experience has guided me ever since. WadeCo’s strength from the beginning has been its ability to deliver effective chemical solutions tailored to the specific needs of the asset being treated. Whether it is a new well being drilled, a well in the completion phase, a producing well, a disposal well or a pipeline; delivering on this promise requires organization, coordination and, most of all, communication. As WadeCo has grown over the years, it has been my focus to ensure that we have the equipment, the products, and the people and just as important, the structure to coordinate all three of these elements to ensure that WadeCo meets the commitment to the customer. To make it all happen we have: • designed and built custom equipment to deliver product efficiently and economically • improved our inventory management processes to ensure adequate stock levels at all times • strategically located storage facilities to be near our key customers • developed the organization to coordinate between all the elements of a top chemical program, from testing, to delivery to reporting results • committed ourselves to maintaining the high level of service that has been our trademark through every new area and every new account Delivering on the promise of an effective chemical solution for your specific application with integrity and passion - that goal is what has driven WadeCo from the beginning and it is the goal that will continue to drive us forward in the future. Let us show you how our commitment can benefit you. - Ryan Havens
  5. 5. Who We Are • We are an independent oil and gas specialty chemical and service company • In 2015, WadeCo reached 170+ employees and entered into Oklahoma, Arkansas, Louisiana, California, and the Illinois Basin (Kentucky, Illinois, Indiana, Michigan) • WadeCo was founded because of a need for a true “service” chemical company • 200+ years experience in management team • Over 20 custom, proprietary chemistries • 2 PhD consultants with a combined 80+ years in the industry • Service driven • Application focused
  6. 6. Who We Are • WadeCo stands by four principles – Safety – Service – Integrity – Competence • Chemistry innovators – Proprietary chemistries in: • Multi-functional products – Paraffin/scale/corrosion – Paraffin/corrosion/bacteria • Bacteria • Water treating • Emulsion breaking – Ability to develop application specific chemistries • Customer focused – Monthly reports are a core focus • Financial • Analytical
  7. 7. Safety Our objective is a safety and health program that will reduce the number of injuries and illnesses to an absolute minimum, not merely in keeping with, but surpassing, the best experience of operations similar to ours. Our goal at WadeCo Specialties is nothing less than zero accidents and injuries. • 2014 KPI’s – 226,988 Man-Hours – 0.88 TRIR – 0.73 EMR – 0.00 LTI’s • Daily Employee Safety Foundation – Environmental Stewardship – DOT – Reporting / Communication • JSA / JHA • First Report Incident / Injury • Near Miss • Breakage Damage – STOP Work Authority – BBS – Training / Leadership • SSE • Mentoring
  8. 8. What We Do • Drilling additives • Stimulation • Fracturing Chemistries • Production • Transmission/Pipeline • Water Disposal
  9. 9. Footprint • WadeCo is involved in the treatment of over 7,000 producing wells • WadeCo is responsible for over 7,500 miles of pipeline • WadeCo chemistries have been used in over 1,000 fracs since 2010 • Over 75 SWD’s • Over 240 customers • 25 yards and 4 blending facilites • Access to third party blending when needed
  10. 10. WadeCo Locations
  11. 11. O&G Operators Serviced • Major Independents (3) – $11 billion+ market caps • Large Independents (6) – $2 billion+ market caps • Mid Size Independents (22) – $500 million - $2 billion market caps • Small Independents (78) – $100-$500 million valuations • Privately owned independents (148) – One well owners to private equity partnerships
  12. 12. Management Resources • Wade Havens – CEO WadeCo Specialties – 31 years in the chemical industry – Has spent his career working all types of onshore/offshore production, transmission, and disposal in North America • Ryan Havens – President WadeCo Specialties – 9 years in the chemical industry – Supervises all field personnel and service – Has filled every position inside the company • Gary Varnadore – VP Sales – 28 years in the chemical industry – Champion/Multi-Chem/Reef as Regional/Sales Manager
  13. 13. Management Resources • Doyce Taylor – VP Operations – 25 years in the chemical industry – Has worked with most super major and major independent producers • Brandon Rives – Key Account Manager/Project Coordinator – 10 years in the chemical industry – Interfaces between field and corporate offices – Special Projects technical support – 6 years with Nalco before joining WadeCo as Technical Services Director • Randy Shipp – Regional Manager, ArkLa/OK/NTx – 26 years in the chemical industry – Has spent the majority of his career in these areas with Nalco, Champion, MultiChem
  14. 14. Corporate Presence Gary Varnadore (DFW/OKC) and Brandon Rives (Houston) • Interface with existing customers • Deliver and discuss monthly reports with engineering and operations management • Lead conversations between corporate and operations for surveys and RFP’s • Facilitate interaction between field personnel and operations management • Manage corporate accounts that span across multiple geographic regions • Ability to discuss and solve technical questions with corporate customers and communicate deliverables to field operations
  15. 15. Production • WadeCo provides products and services for production customers across the US • We have experience with all types of production – Primary (Unconventional and conventional) – Secondary (Waterflood) – Tertiary (CO2, polymer) • Wide range of chemistries for different types of lift – ESP – Gas lift – Rod pump – Plunger lift – Flowing
  16. 16. Basic Production Chemistries • Corrosion – Multiple amine options – Access to best in class chemistries • Scale – Ester, phosphonate, and polyacrylate • Paraffin – Solvents and dispersants – Pour point depressants/crystal modifiers • Bacteria – ISR-100 (proprietary oxidizing chemistry) – Traditional gluts/quats/THPS
  17. 17. Basic Production Chemistries • Demulsifiers – Over 20 different chemistries – Most are WadeCo’s proprietary formulations – Ability to create asset specific products • Water Clarifiers – Metal salt as well as more exotic options • Commodities – Acids – Bases – Caustics – Aromatic Solvents – Mutual Solvents (methanol, IPA, etc.)
  18. 18. Pipeline/Midstream • WadeCo provides products and services for midstream customers across Texas and New Mexico • Major Independent customers to privately owned gathering systems • WadeCo can provide high pressure methanol pumping services – 24/7 call out • Wide range of chemistries for different types of service – Sweet/sour – Wet/dry – Piggable/Non-piggable – 1/2/3 phase products
  19. 19. Frac Services
  20. 20. Frac Trailers • WadeCo utilizes our own self sufficient frac trailers – Versatility from being able to be placed anywhere in the system, from the frac pond to the frac location – Ability to carry 1500 gallons of product – Main pump plus backup for each product – Rates from .5-6 GPM up to 600 psi – Multiple redundancies for checking volumes used • Sight glasses • MC-II Halliburton flow meters • Tank strapping
  21. 21. Frac Companies Serviced • Cudd • Superior • Basic • Frac Tech • Universal • Ultra Tech • Baker Hughes • Pro Petro • Great White • Tri-can • Go Frac • Weatherford • AST • Schlumberger
  22. 22. Post Frac Monitoring • WadeCo gives monitoring solutions post- frac that you will not get from other providers – Bacteria culturing of pre/mid/post frac water – PO4/Polyacrylate residuals for scale inhibition • Scale coupons – Paraffin coupons, cloud/pour point for depression of Wax Appearance Temperature
  23. 23. Innovative Frac Chemistries • PD-603 – Water soluble, liquid paraffin inhibitor that can be pumped on the fly – Up to 15 month life on initial completion • SI-204T – Traced polyacrylate scale inhibitor – 4 ppm MEC • ISR-100 – Oxidizing liquid alternative to chlorine dioxide – Removes algae, microbes, and organic solids from water • FS product line – Flowback surfactants that are engineered to help recover load water faster with a quicker and more responsive show of oil
  24. 24. Salt Water Disposal • WadeCo has an SWD Division that is solely focused on salt water injection – Water quality • Oil carryover • Millipore throughput • Bacteria – Scale Inhibition – Monthly reports charting all metrics over time
  25. 25. SWD Fundamentals • Survey – Millipore – TPH – Injection well pressure – Injection well throughput – H2S readings – Visual clarity – Bacteria enumeration – Interface thieving • Through the survey, we are able to determine the most effective treating options – Scale – Bacteria – Solids control
  26. 26. Service • We employ a Complete Service Model – Service Technicians double as treaters and/or delivery – Each Service Technician is responsible for an assigned area – Familiarity with route and asset – Sense of ownership – Allows for more service personnel than any of our competition • Same day/next day chemical availability – Our size and resources offer us the ability to get chemical onsite within 12 hours • Treating units offer versatility – Traditional treating trucks have limitations – Treating trucks have prolonged downtimes – Any truck can use any trailer – Less downtime because of interchangeability • We have an advantage in the manpower we can allocate – Service structure reduces overhead
  27. 27. Service Expectations • WadeCo personnel onsite for every failure • WadeCo will provide 24/7 personnel to an account for 30-50% less revenue than our competition – No “hopping” in between accounts
  28. 28. Why Our Service is Better • Traditional Structure • WadeCo Structure
  29. 29. Field Service Resources • Service Technician – Treater/delivery/inventory/sampling – Covered by Sr. Service Tech when needed • Sr. Service Technician – Has experience to perform many tasks to assist Account Manager • Account Manager – Manages Service Technician scheduling – Ability to perform all day-to-day duties and field testing – Gives Sr. Account Manager more time to focus on special projects • Sr. Account Manager – Manages Account Managers – Primary contact for all customer projects and data – Facilitates and supervises recommendations and monthly meetings – Coordinates and manages special projects
  30. 30. Labs • WadeCo has its own lab in Yorktown, Texas and we are working on an additional new lab in Midland, Texas • WadeCo employees gather samples in the field and turn them in same day or next day • Turnaround time is 5 days or less at NO cost to the customer • Lab is utilized for special projects that need in-house attention – Cloud and pour point testing – Paraffin product screening – Scale chemistry selections – Produced fluid scale modeling – Commingled water scaling tendencies – Coupon microscopic analysis – Foamer testing – Emulsion control testing – Solids analysis
  31. 31. In House Lab
  32. 32. Critical Mass Lab Support • Local utilization of 3rd party labs – RCCI • Bacteria enumeration • Flow loop testing • Specialized solids analysis – Mitchell Analytical Laboratory • Routine daily tests – Water analysis – Basic solids analysis – TPH – Millipore – Fe/Mn – PO4 – MPY loss for coupons – Caprock Laboratories • Corrosion wheel testing • Specialized crude oil testing
  33. 33. – PBML • Detailed metallurgy analysis • Expert microscopy for failures – Energy Labs • Trace metals • Crude oil fingerprinting • Hempel Distillation – Martin’s Water Labs • Basic water analysis • ICP • Several Benefits from 3rd party lab utilization – Allows for faster turnaround on specialized analysis – Same capabilities for any analysis similar to larger competitors – Accurate, unbiased results Outsourced Labs
  34. 34. Field Lab Work • WadeCo's personnel is trained in proper sampling methods and preliminary testing such as – Dissolved Gas Titrations – Millipore Filter Analysis – Solids Tailgate Analysis – Chloride content – API Gravity – Gas Bomb Sampling – Water Analysis for TDS, Conductivity, and preliminary CaCO3 Scaling index
  35. 35. Our Approach to Bacteria Testing • WadeCo does not utilize serial dilution as a method of determination for the effectiveness of bio eradication – Traditional RP-38 bottles cultivate around 15 species – Limited to one chloride, temperature, and pressure range – Many ways to contaminate the test • Our methodology is that of which is utilized by Dr. Rob Cochran • Bacteria are cultured, then quantified by a series of 20+ tests and then counted with an SEM that gives us a quantifiable number of APB, SRB, and ABB – Dr. Cochran attempts to emulate downhole conditions as best as possible – His agar is designed around West Texas bacteria food sources – Dr. Cochran’s test finds over 200 different species of APB and SRB • Our test method costs 20x more than serial dilution, and WadeCo absorbs that cost
  36. 36. West Texas Case History • Wolfberry Operator with 275 wells has a failure rate of 1.8 FPY • WadeCo is awarded the business in 2012 • Over the next 2 years, failure rate is lowered to .4 FPY – WadeCo has a person and recommendation for every failure – Bacteria methodology lowers corrosion rates – Water soluble corrosion inhibitor lowers corrosion rates – Shared best practices from other Wolfberry operators allowing for design optimization – New scale squeeze programs lower premature pump failures – Paraffin squeeze and cleanup programs lower rig time and hot watering costs – Adding 5 gallons of water soluble corrosion inhibitor to pumps before RIH eliminates 2-3 month repeat failures
  37. 37. Historical Case History Data
  38. 38. Historical Case History Data 0 50000 100000 150000 200000 250000 300000 350000 400000 450000 Dollars OPEX Production Chemicals 2012 2013 2014 Linear (2012) Linear (2013) Linear (2014)
  39. 39. Neal Ranch Case History • WadeCo awarded a 250 well Wolfberry package in March 2015 • Goal to lower failure rate from 1 to <.5 FPY • Goal to lower LOE from $0.64/BOE to < $0.50/BOE • Goal to eliminate hot watering program • Used SCADA monitoring to identify pilot wells • 2 pilot programs started April 2015 – Pilot 1 – Non-cycling high FLAP (>1000’) treated continuously with self contained PSC product – Pilot 2 – Cycling pumped off (<500 FLAP) with paraffin solvent/dispersant “wash” every 60 days – Pilot programs monitored with routine well head grindouts, paraffin coupons, and visual fluid quality checks • In November 2015, programs expanded field wide and routine hot watering was halted • All goals met in April 2016 • References available for operator
  40. 40. Neal Ranch Case History PSC Self Contained Setup • WadeCo’s PSC product line is designed to be self sufficient, providing its own flush • Active chemistry is added to DI water to create a “high volume” product • Product is pumped at a minimum rate of 7 gallons per day – <100 MCF is 2900 ppm or 7 gal/day – >100 MCF is 4350 ppm or 10 gal/day • Cost of product is adjusted to reflect activity • Product comes in 3 different packages – Paraffin as primary target – Scale/corrosion as primary target – Equal parts
  41. 41. Neal Ranch Case History 8 month run time with no hot watering using PSC and self contained setup
  42. 42. Neal Ranch Case History 8 month run time with no hot watering using PSC and self contained setup
  43. 43. Neal Ranch Case History 12 month run time with no hot watering using PSC and self contained setup
  44. 44. Neal Ranch Case History Before After
  45. 45. Reporting/Failure Tracking • Monthly reporting is a core focus of WadeCo – Year to date chemical spend by discipline and application – Monthly chemical spend by discipline and application – Chemical spend by line and area – Cost metrics based on cost per BOE or barrels of fluid treated – Analytical recaps and graphs – CAPEX vs. OPEX expenditures – Return on Investment tracking on special projects – Average spend by area – Recommended vs. actual usages and ppms – Cost of chemical injected and chemical delivered
  46. 46. • Failure Tracking – Ability to create failure trends through data – Monitoring of problem wells – Graphical representation of all failure data – Trending by: • Failure depth • Failure type • Failure costs • Total number of failures by well by type – Each workover is attended by a WadeCo employee, who will fill out a failure report that includes: • Pictures • Failure analysis • Tailgate solids analysis • Recommendations • Current treatment schedules
  47. 47. FailureReports Failure Analysis Report Customer: Customer Report Date: 4/8/13 Location: UL Failure Date: 4/8/13 Lease: NORTH-EAST Attention: Paul S., Bill M. Well ID: 6-16-4 Acct Mgr: Zac Williams BOPD: 29.1 BWPD: 6.4 MCFD: 44 Test Date: 3/15 Fluid Level: Date Of Fluid Level: Well Type: (i.e. Beam, Sub, etc) BEAM Failure Type: Bad Pump CURRENT TREATMENT: Batch Continuous Product Gallons Frequency Recom. PPM Actual PPM PD-602 9 EOW 500 493 SCI-110 1 EOW 50 45 Paraffin Program? Yes X No Scale Squeezed? Yes x No Scale Squeeze Date Latest Residual Date PO4 Residual (ppm) 6/5/12 3/5/13 6.25 Biocide Treated? Yes No X Treatment Date Treatment Type Last Bacteria Test Date APB Results (# Bottles) SRB Results (# Bottles) OBSERVATIONS: Scale Corrosion Paraffin Wear Other X X X Hot Watered? Yes X No Pickled? Yes No X Comments: Rods have visible mild paraffin.Slight wear on rod couplings. Hydrotest TBG w/ 80 bbls. Never loaded, TBG on vaccum. Tag w/scraper @ 11,180’ had 65’ of fill. Scan showing corrosion, found corrosion on several TBG collars and TBG inside walls from joints 1-66. Had split on joint 237. Hot watered Tbg w/ 60 bbls. KCL mixed w/ 30 gals. PD- 602. Tubing appears to be laying on casing and causing galvanic corrosion. Failure History: Date Failure Type Is the well a repeat failure well? (Two failures in last 12 months) Yes No Recommendation: Pumped 220gal SI202 mixed in 80bbl %2 kcl down tubing with casing shut in. flushed with 240bbl %2 kcl.
  48. 48. Service Work Needed: Pictures
  49. 49. FailureTracking
  50. 50. Failure Tracking
  51. 51. Financial Recaps COMPANY: MONTH: ACCOUNT REP. CONTACT NUMBER: Tank Battery Name BOPD BWPD MCF Total Cost Continuous Injections Total Cost Batch Treating Bulk Deliveries Total Squeeze. Costs Total Special Treatments Total Misc Costs Total Cost/ BOE Total Tank Battery Cost Battery 1 5.6 33.0 2.0 $60.00 $0.00 $0.00 $0.00 $0.00 0.34$ 60.00$ Battery 2 1.0 22.0 0.0 550.00$ $60.00 $0.00 $0.00 $0.00 $0.00 20.33$ 610.00$ Battery 3 94.3 142.0 64.0 850.00$ $1,090.00 $0.00 $0.00 $150.00 $0.00 0.66$ 2,090.00$ Battery 4 310.5 588.0 200.0 2,000.00$ $2,990.00 $0.00 $0.00 $0.00 $0.00 0.48$ 4,990.00$ Battery 5 22.2 267.0 15.0 $460.00 $0.00 $0.00 $0.00 $0.00 0.62$ 460.00$ Battery 6 47.1 451.0 44.0 2,200.00$ $1,200.00 $0.00 $0.00 $0.00 $0.00 2.07$ 3,400.00$ Battery 7 19.4 438.0 21.0 $680.00 $0.00 $0.00 $0.00 $0.00 0.98$ 680.00$ Battery 8 340.3 360.7 424.0 550.00$ $2,420.00 $1,100.00 $0.00 $0.00 $0.00 0.33$ 4,070.00$ Battery 9 1367.4 1593.1 0.0 5,650.00$ $5,940.00 $0.00 $1,650.00 $800.00 $550.00 0.36$ 14,590.00$ Battery 10 288.9 683.1 0.0 -$ $2,160.00 $0.00 $2,200.00 $1,150.00 $0.00 0.64$ 5,510.00$ Battery 11 36.5 53.4 0.0 $340.00 $0.00 $0.00 $0.00 $0.00 0.31$ 340.00$ Battery 12 5.6 21.0 0.0 -$ $280.00 $0.00 $0.00 $0.00 $0.00 1.68$ 280.00$ Battery 13 2.8 29.0 0.0 2,100.00$ $120.00 $0.00 $0.00 $520.00 $0.00 32.85$ 2,740.00$ Battery 14 6.2 7.0 0.0 1,100.00$ $400.00 $0.00 $0.00 $0.00 $0.00 8.01$ 1,500.00$ Battery 15 265.5 719.0 406.5 6,050.00$ $2,620.00 $1,457.50 $0.00 $950.00 $550.00 1.16$ 11,627.50$ Battery 16 801.0 1156.1 877.6 8,250.00$ $5,990.00 $1,100.00 $3,600.00 $9,500.00 $1,100.00 1.03$ 29,540.00$ Battery 17 242.0 396.0 452.1 550.00$ $1,480.00 $0.00 $0.00 $0.00 $0.00 0.21$ 2,030.00$ Battery 18 366.0 418.3 403.1 -$ $800.00 $550.00 $0.00 $200.00 $0.00 0.12$ 1,550.00$ Totals 4222.2 7377.7 2909.3 $29,850.00 $29,090.00 $4,207.50 $7,450.00 $13,270.00 $2,200.00 86,067.50$ BOPD BWPD MCF Continuous Batch Treating Bulk Squeeze Special Misc Total Cost / BOE $ 0.61 $86,067.50 WadeCo Specialties, LLC Monthly Lease Cost Recap Sheet Total Lease Cost Company Name Month of Treatment John Smith 555-555-5555
  52. 52. Financial Recaps
  53. 53. Treating Summaries COMPANY: Company Name MONTH: Month of Treatment ACCOUNT REP. John Smith CONTACT NUMBER: 555-555-5555 Frequency Lease Name/Well # BOPD BWPD MCF PD-602 CI-111 Truck Stop $10.00 $10.00 $10.00 Paraffin Corossion Battery 1 EOW Well 1 9.0 22.0 0.0 3 2 1 51.61 $0.22 $60.00 3 2 1 TOTAL BTTY. COST $60.00 Battery 2 Monthly Well 1 0.0 4.2 0.0 3 2 1 380.95 low producer $60.00 3 2 1 TOTAL BTTY. COST $60.00 Battery 3 EOW Well 1 11.9 18.0 7.4 6 4 2 107.02 $0.30 $120.00 EOW Well 2 13.9 37.0 19.4 3 3 1 47.15 $0.14 $70.00 EOW Well 3 8.0 43.0 5.9 6 6 2 94.12 $0.52 $140.00 EOW Well 4 0.0 79.0 1.0 6 8 2 81.01 $30.93 $160.00 EOW Well 5 18.0 24.0 7.5 6 4 2 76.19 $0.21 $120.00 EOW Well 6 38.0 45.0 29.2 6 8 2 77.11 $0.12 $160.00 Weekly Well 7 0.0 265.0 3.6 12 16 4 48.30 New well $17.19 $320.00 45 49 15 TOTAL BTTY. COST $1,090.00 WadeCo Specialties, LLC Monthly WS Batch Treating Recap Sheet Corrosion PPM Target 50 ppm Cost/ BOE Invoice CostComments
  54. 54. Treating Summaries COMPANY: Company Name MONTH: Month of Treatment ACCOUNT REP. John Smith CONTACT NUMBER: 555-555-5555 Start Date End Date Days 1/31/2013 2/28/2013 28 AREA LEASE Product Chemical Type BOPD Gas BWPD Total Fluid Treated Per Day Target PPM Actual PPM Actual Rate Gallons Per Day Beginning Inventory (Gal) Ending Inventory (Gal) Gallons Delivered Gallons Used $ per Gal Cost / BOE Cost Chemical Delivered Cost of Chemical Injected Comments Battery 2 Injection 1 EB-116 Oil Treating 5.56 2 33 5.56 240 13103.80 0.25 95 65 55 85 $10.00 $0.54 $550.00 $850.00 $550.00 $850.00 Battery 3 Injection 2 EB-122 Oil Treating 15.4 23.5 33 15.4 120 556.59 0.36 95 85 0 10 $10.00 $0.78 $0.00 $100.00 Injection 3 EB-122 Oil Treating 75 19.4 110 75 120 1142.86 3.57 190 175 85 100 $10.00 $5.93 $850.00 $1,000.00 $850.00 $1,100.00 Battery 4 Injection 1 EB-122 Oil Treating 111.3 75 350.2 111.3 120 423.57 1.96 45 25 35 55 $10.00 $1.16 $350.00 $550.00 Injection 2 ISR-100 Bacteria 310.5 135.3 580 580 48 73.89 1.79 40 100 110 50 $10.00 $0.52 $1,100.00 $500.00 Injection 3 SI-203 Scale 310.5 135.3 580 580 24 44.33 1.07 35 60 55 30 $10.00 $0.31 $550.00 $300.00 $2,000.00 $1,350.00 Battery 6 Injection 1 EB-122 Oil Treating 47.1 19 451 47.1 240 545.95 1.07 90 60 0 30 $10.00 $2.16 $0.00 $300.00 Injection 2 ISR-100 Bacteria 47.1 19 451 451 48 76.02 1.43 35 105 110 40 $10.00 $2.88 $1,100.00 $400.00 Injection 3 SI-203 Scale 47.1 19 451 451 24 114.03 2.14 25 75 110 60 $10.00 $4.32 $1,100.00 $600.00 $2,200.00 $1,300.00 WadeCo Specialties, LLC Monthly Chemical Injection Recap Sheet
  55. 55. Data Tracking
  56. 56. Summary • We have the expertise and means to solve any problem • We have the experience to understand your needs and expectations • We have the ability to provide more service than ANY of our competitors • We have the resources to manufacture any scientific solution that may be required • We have the tools to help engineer the largest value for your programs
  57. 57. Q&A WadeCo thanks you for the opportunity to introduce our company and our treating and service philosophies. Questions?

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