Black Bay Energy Capital, LLC, a private equity firm, made an investment in Downhole Chemical Solutions, LLC, (DCS) a provider of stimulation and completion chemical products and services for the oil and gas industry. The investment was made through investment in its parent company Dynamic Chemical Solutions, Inc.
DCS core product offering, the Slik-Vis stimulation fluid system, delivers enhanced well productivity while reducing chemical usage, water usage and treating pressures.
The investment enables Black Bay Energy to increase its oil and gas investment portfolio.
Wayne Cutrer, CEO of DCS, said, “DCS delivers a step-change in stimulation fluid systems that has reduced completion costs and increased well productivity for our customers. We are excited to partner with the team at Black Bay. The Black Bay team has a strong understanding of our industry, an impressive oil & gas network, and a reputation for partnering with high-growth oilfield service companies.”
Chase Copeland, president of DCS, said, “In a lower commodity price environment, oil & gas operators need to drive better well performance while optimizing their cost structures, and the Slik-Vis system helps our customers achieve this objective.”
LeBourgeois, managing partner of Black Bay Energy, said, “We are excited about our partnership with the DCS team. DCS is led by an impressive team of professionals with decades of chemical expertise, deep industry relationships, and a history of rapidly building oil & gas chemical companies. DCS has experienced phenomenal growth because of its unique product offering that delivers a high return on investment for its impressive list of customers in the Permian Basin and beyond.”