Bakken Oil Production Boom Could Result in Greater Cathodic Protection Needs

Bakken Oil ProductionAfter eight years of extensive oil exploration to define the Bakken formation boundaries, oil production companies are ramping up drilling operations to “harvest” the Bakken oil formation.

There are currently more than 10,000 producing wells in North Dakota, with the majority in the Bakken region. The expansion of oil production has grown at an exponential rate and the area will soon be producing 1 million barrels a day.

While there’s currently a well located on nearly all of 8,000 spacing units, there remains plenty of opportunity to increase well density in the region. In 2013, the permit applications were limited to four wells on a single 1,280 acre unit, but the maximum is expected to increase from eight to 20 wells per unit, depending on the local geology.

As oil companies drilling in the Bakken formation continue to increase well density, the region could see another phase of this oil boom.

“The Bakken area has enjoyed great success over the last decade, and with more opportunities for companies drilling in the Bakken oil field, it’s vital that they protect their assets,” said Glenn Shreffler, executive vice president, engineering at MATCOR.

“Protecting future investments from the devastation caused by the corrosion of pipelines and storage tanks is paramount as the Bakken region continues to see expansion of oil production,” said Shreffler. “Cathodic protection is among the most cost effective means and efficient ways to halt corrosion activity.”

In business for almost 40 years, MATCOR specializes in providing customized corrosion engineering and cathodic protection systems to oil and gas industries nationwide.

Oil lands claimed, the focus shifts now to ‘harvesting it,” The Bismarck Tribune, February 25, 2014.

MATCOR to Present at The Bakken | Three Forks Shale Oil Innovation Conference & Expo

Chalfont, PA – February 7, 2014, MATCOR, Inc., the trusted full-service provider of proprietary cathodic protection products, systems and corrosion engineering solutions, announces that Ted Huck, Vice President, will present Cathodic Protection and Corrosion Control for the Bakken Oil Infrastructure Build Out at The Bakken | Three Forks Shale Oil Innovation Conference & Expo, taking place February 10-12 at the Alerus Center in Grand Forks, North Dakota.

Ted Huck, Vice President, MATCOR, Inc.Mr. Huck’s presentation will take place on Wednesday, February 12, 2014 in Track 3: Logistics & Downstream Infrastructure, from 1:30 pm – 3:00 pm in Ballroom 1 at the Alerus Center. Visitors can view the full conference agenda here.

The rapidly expanding footprint of oil and gas infrastructure across the Bakken region is having a lasting impact on the economy and the landscape of the region.  Properly protecting these investments from the ravages of corrosion is essential to maximize the economic usefulness of these assets and to avoid devastating environmental damage that can result from corrosion of pipelines, storage tanks, and well casings.  Cathodic Protection is one of the surest and most cost effective means to halt corrosion activity and sustain the life of operating assets.

Mr. Huck’s presentation will discuss how cathodic protection works, the applications where cathodic protection is typically used, the common types of cathodic protection systems for these applications, and briefly discuss the regulations, testing and maintenance issues around cathodic protection.

“The Bakken region has experienced tremendous growth over the past few years, and we expect this growth to continue,” said Douglas Fastuca, president of MATCOR. “The need for Bakken exploration & production, midstream and terminal operators to properly protect their assets from corrosion will become increasingly important. MATCOR is in unique position to support these companies with a full set of corrosion and cathodic protection solutions.”

MATCOR Iron Gopher® HDD Cathodic ProtectionMATCOR’s most recent innovation is the patented Iron Gopher®, the industry’s first linear anode product developed specifically for horizontal directional drilling (HDD) installation.  For further technical and product information about Iron Gopher or any of MATCOR’s innovative cathodic protection products, or to contact your MATCOR Account Manager, visit www.matcor.com or call (US. & Canada) 1 800-215-4362 (Worldwide) +1-215-348-2974.

ABOUT MATCOR

MATCOR is a full-service, ISO 9001:2008 certified provider of customized cathodic protection systems to the oil & gas, power, water and other infrastructures industries. Cathodic Protection is a technique used to control the corrosion of a metal surface through the application of electric current. MATCOR has an array of proprietary cathodic protection products and systems combined with high-quality corrosion engineering, installation and maintenance services.

In business for 40 years, MATCOR is considered the technology leader in the cathodic protection and corrosion engineering fields. MATCOR is headquartered in Chalfont, PA, has a service office in Houston, TX and recently established a presence in Ahmedabad, India. The company provides turnkey services throughout the United States and has a growing list of international distributors. MATCOR has been named to the Inc. 5,000 list of fastest growing companies in 2011, 2012 and 2013.

MATCOR to Participate in Middle East Corrosion Conference and Exhibition

Chalfont, PA – February 2, 2014, MATCOR, Inc. the trusted full-service provider of proprietary cathodic protection products, systems and corrosion engineering solutions, announces the company’s participation in the 15th Annual Middle East Corrosion Conference and Exhibition in Bahrain from February 2th through 5th.

“MATCOR has a long history of providing proprietary anode solutions to clients around the world including North Africa, the Middle East and Asia,” said Douglas Fastuca, president of MATCOR. “We are pleased to be sending a representative to participate in this region’s largest corrosion conference.”

MATCOR is a respected innovator in the development of impressed current cathodic protection anode systems and has received numerous patents for its custom anode solutions that protect buried gas and water pipelines, above ground storage tanks, near shore marine structures including piers, docks and sheet pile walls, and reinforcing steel in concrete structures.  Featured as one of Forbes’ Magazine’s fastest growing small companies, MATCOR continues to expand its presence in markets globally while maintaining its leadership position as an industry innovator.

MATCOR Iron Gopher® HDD Cathodic ProtectionMATCOR’s most recent innovation is the patented Iron Gopher®, the industry’s first linear anode product developed specifically for horizontal directional drilling (HDD) installation.  For further technical and product information about Iron Gopher or any of MATCOR’s innovative cathodic protection products, or to contact your MATCOR Account Manager, visit www.matcor.com or call (US. & Canada) 1 800-215-4362 (Worldwide) +1-215-348-2974.

ABOUT MATCOR

MATCOR is a full-service, ISO 9001:2008 certified provider of customized cathodic protection systems to the oil & gas, power, water and other infrastructures industries. Cathodic Protection is a technique used to control the corrosion of a metal surface through the application of electric current. MATCOR has an array of proprietary cathodic protection products and systems combined with high-quality corrosion engineering, installation and maintenance services.

In business for 40 years, MATCOR is considered the technology leader in the cathodic protection and corrosion engineering fields. MATCOR is headquartered in Chalfont, PA, has a service office in Houston, TX and recently established a presence in Ahmedabad, India. The company provides turnkey services throughout the United States and has a growing list of international distributors. MATCOR has been named to the Inc. 5,000 list of fastest growing companies in 2011, 2012 and 2013.