Oxane Materials, Inc.
Houston, TX 77018, US
Oil & Gas Production & Processing
Oxane is commercializing nanotechnology-enhanced propping agents (“proppants”) that address “Holy Grail” oil and gas technical challenges. OxFrac™ is a hydraulic fracturing proppant that combines superior proppant transport (“low weight”) with ceramic conductivity (“high strength”).
OxFrac’s value proposition is multifaceted and can be summarized as “more oil, more gas, more quickly.” Modeling suggests that OxFrac should improve initial production by 50%, shallow production decline by as much as 15%, and improve total recovery by as much as 30%. These value components are compounded when it is considered that OxFrac should also afford meaningful cost and environmentl benefits.
Oxane is focused on providing benefit to its investors, customers, and all other stakeholders.
Products / Services
OxFrac™ is a hydraulic fracturing proppant that is a hollow bead with a dense, hard shell. It is formed by coating a weak, light weight, and hollow material with nanostructured ceramic materials. After firing, the ceramic shell achieves significant strength adequate for the product to be utilized in the majority of oil and gas reservoirs globally (˜5,000 psi). Because of its hollow center, the sintered ceramic bead exhibits a surprisingly low weight (2.0 specific gravity) given its strength. The combination of strength and light weight is highly desirable with respect to proppants.
President Executive Officer
Chris has served as Oxane’s President since its founding in late 2002. Chris has raised more than $15MM in capital from industry partners, private equity firms, and high net worth families. Chris led Oxane’s market selection process (ultimately focusing on proppant), crafted Oxane’s intellectual property and operating strategy, and assembled its operating and advisory team. Chris is a named inventor on all of Oxane’s core issued and pending patent applications. Prior to founding Oxane, Chris worked at Taproot Ventures, the venture arm of the Harbour Group and Enron Corp. where he worked principally in their gas trading organization. He has an MBA from the University of Chicago and a BA in Economics from Occidental College.
Vice President Business Development
Bill joined Oxane in April 2009. Prior to Oxane, Bill managed hydraulic fracturing operations for Schlumberger for 35 years where he most recently served as Vice President for Sales focused on the Midcontinent region of the United States. During his tenure in this role, Bill’s business segment grew from $682 million to more than $2 billion in sales and became the largest “geomarket” within Schlumberger. At Schlumberger, Bill managed a number of critical accounts at the senior manager level including Southwestern Energy (“SEECO”) and Chesapeake Energy.
Vice President Research & Development
Yuming joined Oxane in June 2008. Prior to Oxane Yuming led mission-critical R&D projects within Corning Corpoation. Yuming has more than 25 years of commercial and post Ph.D. academic advanced materials research experience, including 14 years in Corning’s ceramic research division where he was a Project Leader, Senior Scientist, and Senior Research Scientist. Yuming has extensive experience with nanomaterials and related synthesis methods, ceramics, composites, and advanced processing methodologies. He has a Ph.D. in Physical Inorganic Physical Chemistry with a Minor in Chemical Engineering, and an M.S. and B.S. in Physical Chemistry, all from Nanjing University.
Vice President Operations
Carl has more than 25 years of high-throughput ceramic experience. Carl has held a broad variety of senior manufacturing position including General Manager, Division Manager, and Plant Manager. During the course of his career he has built 3 plants and managed 6. Carl has a BS in Ceramic Engineering from the University of Missouri-Rolla.
Bryan will serve as Oxane’s Plant Manager and be responsible for day to day plant operations. He has 20 years of high-throughput ceramic manufacturing and laboratory product development experience. Bryan has run two plants in both of which he was responsible for major expansions. He has held a variety of positions including Plant Manager, Assistant Plant Manager, and Pilot Plant Development Manager
Director Research & Development
Prior to joining Oxane, Rob was with Millennium Chemicals in the position of senior scientist where he was responsible for the design and development of yttria doped zirconia materials for thermal barrier coatings. He also led the design team for the solid oxide fuel cell electrolyte materials project and was responsible for the design, construction and commissioning of a pilot facility for commercialization of the fuel cell electrolyte material. Rob earned a B.Sc.(Hon) and a Ph.D. from Curtin University of Technology in Australia in the field of flaw tolerant Functionally Graded Materials. Rob has authored and co-authored numerous peer-reviewed articles in the areas of ceramic materials, strain analysis of ceramic systems and fracture mechanics of functionally graded materials.