Black Bay Energy has made an investment in Downhole Chemical Solutions, a provider of stimulation and completion chemical products and services for the oil and gas industry. No financial terms were disclosed.
FRISCO, Texas–(BUSINESS WIRE)–Downhole Chemical Solutions (“DCS”), a leading provider of stimulation and completion chemical products and services to the oil & gas industry, today announced a partnership with Black Bay Energy Capital (“Black Bay”) through an investment in DCS’ parent company, Dynamic Chemical Solutions, Inc.
DCS is led by Wayne Cutrer, Chase Copeland and a team of executives who have spent their careers building highly successful oilfield chemical companies. Utilizing proprietary chemistry, DCS has experienced rapid growth in the Permian Basin and other US onshore operating areas. The Company’s core product offering, the Slik-Vis™ stimulation fluid system, delivers enhanced well productivity while reducing chemical usage, water usage and treating pressures.
”DCS delivers a step-change in stimulation fluid systems that has reduced completion costs and increased well productivity for our customers,” said its CEO, Wayne Cutrer. “We are excited to partner with the team at Black Bay. The Black Bay team has a strong understanding of our industry, an impressive oil & gas network, and a reputation for partnering with high-growth oilfield service companies.” Chase Copeland, the President of DCS, added, “In a lower commodity price environment, oil & gas operators need to drive better well performance while optimizing their cost structures, and the Slik-Vis™ system helps our customers achieve this objective.”
”We are excited about our partnership with the DCS team,” said Michael LeBourgeois, Managing Partner of Black Bay. “DCS is led by an impressive team of professionals with decades of chemical expertise, deep industry relationships, and a history of rapidly building oil & gas chemical companies. DCS has experienced phenomenal growth because of its unique product offering that delivers a high return on investment for its impressive list of customers in the Permian Basin and beyond.”
About Downhole Chemical Solutions
Downhole Chemical Solutions, LLC (“DCS”) was formed in 2015 with a founding vision of developing a chemical business model that will disrupt the decades-old “status quo” that exists in the oilfield chemical space. With a combination of world-class personnel, proprietary offerings and innovative thinking, DCS aims to remove the inefficiency from the oilfield chemical supply chain and provide enhanced value to its E&P clients. DCS’ suite of proprietary stimulation fluid systems, led by the Slik-Vis™ system, deliver unmatched proppant carrying ability, downhole cleanup and wellbore economics.
About Black Bay Energy Capital
Black Bay Energy Capital (“Black Bay”) is an energy private equity firm investing in the North American oilfield service sector. Black Bay partners with differentiated, next-generation providers of products, services and technology solutions for the oil & gas industry. Leveraging more than 60 years of direct industry experience, Black Bay targets high-growth companies with products and services that are proven to meaningfully improve production, lower costs and/or avoid incidents. Black Bay partners with experienced management teams focused on delivering strong value to their customers.