Out of 26 million Texans, you may have an idea to change the world. You may have had several ideas to change the world. But only a tiny minority of you pushed through the U.S. Patent office from application to successful patent. We've seen Texans change the world many times over. Jack Kilby did it with Texas Instruments in 1958 with the integrated circuit, causing the start of the digital revolution, which, in part, is why you can read these words over your electronic device.
Over the last few years, Texas Business has brought its feature: Texas Business Patent of the Day. This list is of the ones that were either extremely clever, odd or strange. One thing becomes apparent from these patents and the patent that runs daily in Texas Business—Texans have a unique mind set.
Though the history of the Corn Dog is disputed, the State Fair of Texas claims to have introduced the Corny Dog sometime between 1938 and 1942. As a paean to that invention that now sits in the freezer section of every grocery store in the southwest, here are the fried foods the State Fair of Texas has introduced, or tried to introduce, in the last seven years.
Don't get caught up with John Wayne religion. For one thing, he's not Texan. He's in some fine movies involving Texas, most notably The Searchers, but none of his movies can make the best cut of Texas movies. Here's the short list.
Unsung Texas Business Journalists Mention that one is a reporter, and there's a spark of interest. Mention that one is a business news reporter, and watch the eyes glaze over. Except to the players, business and economic journalists are unappreciated. While many wish to become sports reporters when they grow up, most do not realize that business journalists cover the Real Game. Mention that reporter covers business, and watch the eyes glaze over. A toast to these below on the short list and the numerous unnamed ones slogging away. Full Story » TexasBusiness.com
Best Texas Mexican Food: The Short List No, we're not going to debate the difference between Tex-Mex, Mex-Tex, Mexican and Texican food. Just know these establishments are the pinnacle of Texas Mexican fare. No brag, just fact. Full Story » TexasBusiness.com
Best Texas Burgers Texas Burgers. . While a hamburger is merely sustenance and gratification for a meal, the memory a good Texas burger can give rise to Homeric odes. The short list. Full Story » TexasBusiness.com
Texas Business reports: HOUSTON—Flotek Industries Inc. entered into a multi-year bulk chemical supply agreement with Pioneer Natural Resources Pumping Services LLC.
The agreement provides that Pioneer will purchase 80% of certain blended chemistries from Flotek for a period of three years with an option to extend the agreement beyond the initial term.
Chemicals covered by the agreement include Flotek's patented complex nanofluid chemistries as well as certain friction reducers, cross-linkers, scale inhibitors and other products.
“We are honored that Pioneer has chosen Flotek as a preferred partner to supply our world-class completion chemistries,” said Flotek chief executive John Chisholm in a prepared statement. “As a leader in the development of unconventional resource plays, we believe our partnership with Pioneer not only provides a tangible economic benefit to our shareholders, it more importantly demonstrates Flotek's leadership as a preferred provider of advanced completion solutions to leaders in unconventional exploration and production.”
Over several months, Pioneer and Flotek have worked to expand an existing relationship leading to this formal supply agreement to meet the growing completion chemical needs of Pioneer.
While economic terms will not be disclosed, the agreement provides a framework for preferential pricing for Pioneer while enhancing Flotek's margin potential through a pricing schematic related to raw material prices and purchase volumes.
“Pioneer is pleased to welcome Flotek to its family of partners as we work to build a vertically integrated company and accelerate development of our significant resource base,” said Pioneer president Kyle Zemlak in a statement. “Flotek's chemicals, including patented complex nano fluid chemistries and their technical expertise have enhanced our completion results. We look forward to a long and mutually rewarding partnership.”
The initial term of the contract will run through April, 2015.
Flotek is a developer and distributor of a portfolio of innovative oilfield technologies, including specialty chemicals and down-hole drilling and production equipment. It serves major and independent companies in the domestic and international oilfield service industry. Flotek Industries Inc. is a publicly traded company headquartered in Houston.
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