Berwyn, PA-based TenEx Technologies, a provider of patented materials-based completion and production chemicals for the oil and gas industry, announced it has been selected to join Chevron Technology Ventures’ Catalyst Program.
The program is designed to accelerate the growth of an early stage, developing technology company that can be transformative for the energy sector. TenEx Technologies’ focus is to develop chemistry solutions to unlock efficiency, sustainability and energy production gains for the oils and gas industry.
Officials said the company’s selection comes as operators are working to balance capital discipline with the need for technology-driven productivity and cost savings. TenEx’s solutions are designed to allow producers to recover more hydrocarbons from both new completions and existing wells, with the aim of increasing reserves, lowering costs per BOE and improving environmental performances.
“We are honored to be selected by Chevron Technology Ventures for the Catalyst Program,” Miguel Peña, CEO of TenEx Technologies, said. “This milestone advances our mission to help energy producers maximize output through innovative, sustainable chemistry solutions. As the industry shifts from expansion to efficiency, our solutions can give operators the edge to boost production, improve operational efficiencies, extend critical surface and subsurface equipment life cycles, reduce environmental impact, and improve returns on investment.”
Most of TenEx’s solutions, including MicroHOLD, FullStim, and SandBOND, are water-based and reduce or eliminate hazardous chemicals like acids and solvents.
“The Catalyst Program provides TenEx with the framework to bring our breakthrough technologies to market faster,” Peña said. “This collaboration strengthens our ability to contribute meaningfully to U.S. energy security and global operational excellence.”