Circulation Solutions, LLC, a drilling and completion products company, specializing in lost circulation and other completion problems, recently acquired the assets and intellectual property of RAMP Chemicals, LLC based in Laredo, Texas.
The acquisition, which finalized in 4Q 2013, launched Circulation Solutions’ North America and international expansion plans.
Additionally, Circulation Solutions identified new methods used by RAMP for lost-circulation material (LCM) and wellbore integrity problems. The acquisition includes RAMP’s signature product, MultiSqueeze™, a chemical blend of customized lost circulation materials that forms a solid seal in the loss zone and eliminates fluid losses while minimizing the possibility of seal disruption during drilling operations.
“RAMP Chemicals’ product suite was developed to significantly improve the LCM process,”Circulation Solutions President Josh Nelson said. “As a distributor of MultiSqueeze, we immediately identified its distinctive features as it solved difficult formation fluid loss issues at temperatures up to 400°F without contaminating drilling fluids.”
Through its distribution partners and sales force, Circulation Solutions is looking to increase market share of all its products, including MultiSqueeze, throughout 2014.
