CARBO Ceramics Inc., an oilfield services technology company, sells products and services to the oil and gas industry for production enhancement and environmental services. The company supplies ceramic proppant and sells coated sand to expand its proppant suite of products. The company is a provider of fracture simulation software; fracture design and consulting services; and a range of technologies for spill prevention, containment, and countermeasures. The company sells the majority of its products and services to operators of oil and natural gas wells and to oilfield service companies to help increase the production rates and the amount of oil and natural gas recoverable from these wells. The company’s products and services are primarily used in the hydraulic fracturing of natural gas and oil wells. The company primarily manufactures six ceramic proppants. Its newest proppant, KRYPTOSPHERE-H, is a high-performance ceramic proppant engineered to deliver increased conductivity and durability in the highest closure stress wells. CARBOHSP and CARBOPROP are proppants designed primarily for use in deep oil and gas wells. CARBOLITE, CARBOECONOPROP, and CARBOHYDROPROP are ceramic proppants. CARBOLITE is used in medium depth oil and gas wells, where higher production rates could be achieved due to the product’s uniform size and spherical shape. The company produces resin-coated ceramic (CARBOBOND LITE) and resin-coated sand (CARBOBONDRCS) proppants. CARBOBONDLITE addresses a niche market in which oil and natural gas wells are subject to the risk of proppant flow-back. In the case of CARBOBONDRCS, the company made the strategic decision to offer a lower-conductivity alternative proppant in addition to its ceramic proppant products, thereby expanding its proppant suite of products. In addition, the company manufactures CARBONRT, a detectable proppant that utilizes a non-radioactive tracer material to assist operators in determining the locations of fractures in a natural gas or oil well. This tracer is incorporated into proppant granules during the manufacturing process, and could be added to any of the types of ceramic proppant that the company makes. The company, through its wholly-owned subsidiary, StrataGen, Inc., also sells fracture simulation software under the brand FracPro and provides fracture design and consulting services to oil and natural gas companies under the brand StrataGen. FracPro provides a suite of stimulation software solutions to the industry that have marked capabilities for on-site real-time analysis. This has enabled recognition and remediation of stimulation problems. This stimulation software is integrated with reservoir simulators, thus allowing for stimulation treatment and production optimization. StrataGen, the specialized consulting team, consults and works with operators worldwide to help optimize well placement, fracture treatment design and production stimulation. The range of expertise of the StrataGen consultants includes fracture treatment design; completion support; on-site treatment supervision, quality control; post-treatment evaluation and optimization; reservoir and fracture studies; rock mechanics; and software application and training. Falcon Technologies and Services, Inc. (Falcon Technologies), a wholly-owned subsidiary of the company, provides spill prevention, containment and countermeasure systems for the oil and gas industry. Falcon Technologies uses proprietary technology to provide products that are designed to enable its clients to extend the life of their storage assets, reduce the potential for hydrocarbon spills, and provide containment of stored materials. Customers and Marketing The company’s major customers are participants in the petroleum pressure pumping industry. In 2013, its major customers included Halliburton Energy Services, Inc. and Schlumberger Limited. The company provides its software simulation products and consulting services directly to owners and/or operators of oil and gas wells and service companies. The company’s international marketing efforts are conducted primarily through its sales offices in Dubai, the United Arab Emirates; Aberdeen, Scotland; Beijing, China; and Moscow, Russia, as well as through commissioned sales agents located in South America. Intellectual Property Falcon Technologies owns two U.S. patents, which expire in 2026 and 2027 and relate to construction of secondary containment areas, and multiple U.S patent applications (together with various counterpart applications pending in foreign jurisdictions), each of which relates to tank bases, anchoring systems, or methods of constructing secondary containment areas. Seasonality With the activity increase in resource plays in the northern and eastern United States, the company has experienced higher levels of proppant sales activities during warmer weather periods and less during colder weather months. Environmental and Other Governmental Regulations Existing federal Environmental requirements, such as the Clean Air Act and the Clean Water Act, as amended, impose certain restrictions on air and water pollutants from the company’s operations through permits and regulations. Various federal and state agencies, including the United States Environmental Protection Agency, the Texas Commission of Environmental Quality, the Louisiana Department of Environmental Quality, the Alabama Department of Environmental Management, the Wisconsin Department of Natural Resources, and the Georgia Environmental Protection Division, in states in which the company does business, have environmental regulations applicable to its operations. Competition The company’s competitors include Saint-Gobain Proppants; Mineracao Curimbaba; and Imerys, S.A. History CARBO Ceramics Inc. was founded in 1987. The company was incorporated in 1987 in Delaware.
carbo ceramics inc (CRR:New York)
Energy Center II
575 North Dairy Ashford
Houston, TX 77079
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