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COPYRIGHT 2005 Hart Publications, Inc.
Oil and Gas Investor: Describe the strategy that drives your company.
Dumas: Very simply, we made a decision to focus and discipline ourselves in three segments of the industry: specialty chemicals, downhole production tools and downhole drilling tools. Within specialty chemicals, we have disciplined ourselves to stay in higher value-added areas of cementing, stimulation, acidizing and fracturing. As we have matured, we've moved into production chemicals, including what we call capillary foam additive, which utilizes capillary tubing inserted into wells--primarily brownfields--and injecting specialty chemicals, which we developed in our research facilities in Marlow, Oklahoma, and Denver, Colorado.
In our downhole production tools, we have a patented rod-pump valve called a Petrovalve, which demonstrated tremendous success throughout the world and is now being adopted by various major international oil companies. We've focused our marketing internationally because there are larger applications than the fragmented uses in the U.S. This valve has been very successful in increasing production, and Petrovalve has performed successfully in countries like Russia, Oman, Venezuela, Argentina, Indonesia and Canada.
In our downhole tool sales and service group, we have grown very rapidly and successfully. We manufacture, sell and/or rent any...
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