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The Company is founded by Wayne Kinsey in Odessa, Texas to provide custom dry and liquid chemical blending for the oil well pressure pumping services industry.
The Company adds chemical distribution to its repertoire of services by acquiring The Weatherby Company, a regional (Texas, New Mexico, Oklahoma) chemical distribution company.
The Company forms West Texas Drum, Inc. to provide high quality reconditioned drums to itself and others. This subsidiary grew into the premier Permian Basin supplier of reconditioned containers.
The Company changes its name to Benchmark Research & Technology, Inc. and acquires Zirtech, Inc., a Gainesville, Florida manufacturer of zirconium complexes whose assets are moved to Midland, Texas and used by the Benchmark to develop and manufacture aluminum, titanium, zirconium and boron cross-linkers used in hydraulic fracturing fluids, paper manufacturing and explosives.
Benchmark files its first patent application, and subsequently secures a patent on a method of preparing a boron cross-linking solution for gelling aqueous treating fluids containing hydratable polymers for treating oil and gas reservoirs.
Benchmark forms StrataProp, Inc., the first company to build a facility with state-of-the-art process controls and devices specifically designed for the manufacture of unique, non-pneumatically handled resin coated proppants for oil field fracturing fluids.
Benchmark acquires the assets of the aluminum acetate business unit of Niacet Corporation, allowing Benchmark to become more fundamental in the development and manufacture of its aluminum based cross-linkers.
After capturing approximately one-third of its target market within 18 months, Benchmark sold StrataProp, Inc., as well as West Texas Drum Company in order to focus on its primary chemical products and services business.
Benchmark receives the Texas Governor's Award for Environmental Excellence. Selected from a pool of over 350 applicants, Benchmark's green intiatives exhibit the company's great care for the envrionment through preservation and waste reduction.
Benchmark forms a strategic alliance with DuPont Specialty Chemicals and secures a joint product development and marketing agreement with GenCorp Specialty Polymers (now Omnova Solutions, Inc.), allowing the Company to bring products and technologies developed by some of the world's largest chemical companies to the oil field pumping services industry.
Benchmark acquires the Cement Technology Division of Dresser Industries, allowing it to offer the same level of product development, technical support and lab testing for oil well cements and additives that it offers for well stimulation fluids and components. Benchmark also establishes its value-added SlurryService® and SlurryWatch® programs, making oilfield polymers available in field-ready slurries more suitable to field operations than the difficult-to-handle powders provided by its competitors.
Benchmark is issued its first well cementing patent relating to the use of modified specialty latex in well cement, to aid in the control of gas migration during well cementing.
Benchmark reorganizes along product and service lines, forming Benchmark Polymer Products, L.P. to acquire the operating assets of Polypro, Inc., a Dalton, Georgia manufacturer of guar polymers with applications in the oil field, textiles, cosmetics, and industrial chemicals (explosives and firefighting) industries, allowing the Company to become fully integrated in the development, manufacture and delivery of high quality polymer powders and slurries. In the reorganization, the Company’s chemical manufacturing operations are focused in Benchmark Energy Products, L.P., and its warehousing and distribution activities are focused in Benchmark Distribution Services, L.P.
Benchmark opens a warehouse and distribution facility in Bruni, Texas, to bring its products and services closer to its oilfield services customers in South Texas.
Benchmark opens a warehouse and distribution facility in Patterson, Louisiana, to bring its products and services closer to its oilfield services customers on the Louisiana Gulf Coast.
Benchmark opens a second laboratory in Houston, Texas to focus on fundamental research and product development.
Benchmark acquires and opens a 90,000 square foot warehouse and distribution facility in Lovelady, Texas, to bring its products and services closer to its oilfield services customers in East Texas.
Benchmark acquires and opens an 80,000 square foot warehouse and distribution facility in Grand Junction, Colorado to bring its products and services closer to its oilfield services customers in the Rocky Mountains.
Benchmark opens a 30,000 square foot warehouse and distribution facility in Millwood, West Virginia to bring its products and services closer to its oilfield services customers in the Appalachian Mountains.
Benchmark opens a warehousing and distribution facility in Rock Springs, Wyoming, and expands the facility to include oilfield slurry manufacturing, bringing that key component of fracturing fluids even closer to its oilfield services customers in the Rocky Mountains.
Benchmark opens a 30,000 square foot warehouse and distribution facility in Duncan, Oklahoma to bring its products and services closer to its oilfield services customers in the Mid-Continent.
Benchmark sells its polymer manufacturing facility in Dalton, Georgia, to Aqualon Company and enters into a strategic partnership for the development and long-term supply of oilfield polymer powders.
Benchmark agrees to acquire a number of I.E.T’s EcaFlo® units to produce two types of environmentally-responsible, cost effective “ECA” solutions. Benchmark Energy Products will use the units to produce biocidal solutions to manage bacteria down-hole and in “frac” water, without the use of hazardous chemicals.
Benchmark's commitment to a safe and healthy work environment has earned us the 2008 SHARP Award from the United States Department of Labor Occupational Safety and Health Administration. The Safety Health Achievement Recognition Program (SHARP) was instituted to recognize employers who operate an exemplary safety and health management system.
Benchmark Research and Technology, LLC was issued a patent by the US Patent and Trademark Office for its SlurryWatch® remote slurry monitoring and delivery system. SlurryWatch® allows Benchmark to track various properties of the slurry, as well as monitor various aspects of the slurry storage and delivery system.
Benchmark partners with private equity firm SCF Partners to recapitalize the company. SCF has a 22-year history of investing in oil and gas service related businesses. The partnership will provide new capital for current and future growth.