Month: October 2019
Slurry with Gilsonite® increases yield and reduces cost
October 22, 2019
A West Texas O&G operator wanted to reduce slurry costs for its lightweight cement applications in the Permian Basin. The cementing company, West Texas Cementers (WTC), an independent cementing company in Odessa, Texas, replaced hollow beads with Gilsonite® uintaite. The result was a significant reduction in slurry costs.
WTC had typically used hollow beads as the lightweight additive in a 10.5 ppg cement system. “Our client asked us to provide a less expensive slurry with the same technical performance,” observed Kevin Swikert, WTC Engineer and Technology Manager. “We made a couple of additive substitutions in our cement system, with the primary change being to replace beads with Gilsonite® G-Bond.”
The revised 10.6 ppg cement system reduced slurry costs by 26% while still meeting all requirements defined by the operator and governing bodies in terms of thickening time, compressive strength development and cement fill behind the pipe.
Additional tests were conducted for offset wells in the Delaware Basin. Further testing showed that Gilsonite® G-Bond reduced slurry costs in a wide range of cement formulations, with up to 37% savings in an 11.0 ppg mixture.
“Other additives can change your design parameters. With Gilsonite® G-Bond, you don’t have to worry about that,” Swikert added. “In addition, Gilsonite® controls free water, lowers the slurry water ratio, prevents lost circulation, increases yield and mixes faster without foaming. I’m sold on Gilsonite® G-Bond as a cheaper option to glass beads. The other performance enhancements are an added benefit.”
American Gilsonite Company Announces CEO Succession Plan
October 1, 2019
Craig Mueller to succeed David G. Gallagher as President and CEO in February 2020; Gallagher remains as Director transitioning to Special Advisor
American Gilsonite Company (“AGC”), the world’s principal supplier of Gilsonite®, announced today that its Board of Directors approved a succession plan for the executive leadership of the company. Craig Mueller, Vice President and Chief Commercial Officer of AGC will succeed David G. Gallagher as President and CEO of AGC effective February 1, 2020. Gallagher will transition from his current role as President and CEO to Special Advisor and remain as a Board member of AGC.
Gallagher joined AGC in 2013 and was named President and CEO of AGC in January 2016 with more than 30 years of experience in the oil and gas industry.
“It has been an absolute privilege to serve AGC for the past six years, while building a brilliant team focused on innovation,” said Gallagher. “I am delighted that Craig will succeed me. He is a highly prepared professional and will undoubtedly drive the next wave of growth for our company.”
Before joining AGC, Mueller garnered more than 30 years of experience in the oil and gas industry. During this time, Mueller amassed substantial domestic and international experience in oilfield operations management, business development and commercial strategy. In his tenure at Baker Hughes, Mueller held several executive leadership positions and holds a bachelor’s degree in petroleum engineering from Louisiana State University.
“I am humbled and honored to be appointed President and CEO of AGC at such a dynamic time for our company,” said Mueller. “I look forward to building upon David’s momentum and leading our company into the future. I am committed to the continued focus on driving growth and strengthening our client collaboration.”
“On behalf of the Board of Directors, I want to sincerely thank David for his gifted leadership. His highly valued versatile skill set was clearly exhibited during his tenure as CEO. We look forward to his continued guidance,” said Andrew Axelrod.
“Under Craig’s leadership, we will continue strategically expanding AGC’s footprint in multiple business segments,” continued Axelrod. “Our Board of Directors underwent a deliberate and meticulous succession planning process. We are confident in our decision and pleased that Craig has accepted this role.”
About American Gilsonite Company