Costa Mesa, California, August 17, 2017 ProOne has been selected by the Colorado Cleantech Industries Association (CCIA) to present at the 4th annual Oil & Gas Cleantech Challenge. The 10 finalists were selected from an international pool of applicants to present at the Challenge in Denver, September 7, 2017.
The presentation will focus on ProOne’s revolutionary earth-friendly, plant-based XPL+ technology as an anti-friction metal treatment that increases rig efficiency by reducing torque and drag when drilling wells. The most significant environmental impact of ProOne’s biodegradable technology is that it allows operators to use more environmentally friendly water-based muds instead of oil-based muds.
ProOne will also introduce ProFlow Production Fluid technology, a groundbreaking new application in the oil & gas industry which ProOne has developed, successfully field tested, and filed a patent for. ProFlow is a lubricant to treat Artificial Lift Systems (ALS) to address the problems of inefficient production, high energy consumption, costly maintenance, and untimely wear and failure.
CCIA hosts the Oil & Gas Cleantech Challenge in partnership with recognized oil and natural gas industry leaders Noble Energy and ConocoPhillips. In addition to industry partners, the 2017 Oil & Gas Cleantech Challenge is supported by Wells Fargo Foundation, Consulate General of Canada in Denver, Colorado Energy Office, Altira and Rocky Mountain Institute.
Based in Orange County, California and with offices in Houston, Texas, ProOne, Inc. has developed XPL+, a lubrication technology that can be demonstrated to have over 50 times greater film strength than conventional lubricants. The product line has been used in over 800 wells to reduce torque and drag by as much as 50% and increase rate of penetration in lateral wells, yet is plant-based, biodegradable and environmentally friendly. For additional information on ProOne visit www.pro1energy.com
Contact: Lawrence Kahn, CEO Phone: (714) 327-0262 Email: LKahn@pro-one.us
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.