CORPUS CHRISTI, TX--(Marketwired - December 30, 2013) - South Texas-based Magnum Oil Tools International, Ltd. ("Magnum") is proud to announce an exclusive distributorship agreement with Kureha Corporation from Tokyo, Japan. The exclusive distributorship agreement makes Magnum the sole distributor of Kuredux® stock shapes, their machined products and Kuredux® based downhole tools for the oil and gas industry in North America. The thermoplastic biodegradable material Kuredux® is currently utilized in the Magnum Fastball™ (dissolvable frac ball) and Magnum is excited about the innovative possibilities with the thermoplastic material to bring smarter, more efficient tools to the market.
Derrick Frazier, Product Manager at Magnum, stated the following, "Kureha Corporation's material and production capabilities, combined with Magnum's innovation, design and marketing in the oil and gas industry, make this a strong team. This material not only brings a more efficient product to the industry, but also a responsible alternative to oil field completions."
Magnum has been creating innovative tools that meet the needs of operators and service companies since 1985. Over 20 patents and 40 patents pending carry the Magnum name. Magnum is a family-owned business that takes pride in working closely with customers to design products that help deliver superior results in the field worldwide.
The company's other popular products include composite frac plugs (such as the Magnum Snub-Nose and Long Range plugs), the MagnumDisk™ frangible knockout isolation sub, Mill-EZ Composite Cement Retainers, Tubing-Conveyed Perforating systems and A-1 Hydraulic Setting Tools.
Headquartered in Corpus Christi, Texas, Magnum is a leading manufacturer of specialty downhole completion tools for the energy industry. Every day around the world, somebody uses a Magnum Oil Tool to work smarter and get more from their oil and gas assets. Learn more at magnumoiltools.com.
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