SciDev Wins Up to $20M Permian Basin Contract
The bulk completion chemistry deal supports a hydraulic fracturing crew operated by an unnamed North American oil and gas producer.
Updated on Nov. 5, 2026 in Oil and Gas
SciDev Limited won a bulk completion chemistry supply contract in the Permian Basin worth up to $20 million over 12 months. The company also announced three MaxiFlox chemistry supply contracts in October with a combined committed value of approximately $8 million.
Why it matters
The award supports SciDev's strategy of prioritising growth in the Permian Basin, a major oil-producing region in Texas. The contract expands an established relationship with the producer and has no minimum purchase commitment.
The Permian contract could reach $20 million over 12 months, with SciDev expecting about $14 million in FY27 revenue, while recurring revenue climbed to 38% of total FY26 revenue from 30% a year earlier. Actual purchases depend on the customer's activity because the contract carries no minimum commitment.
The players
SciDev Limited
An Australian provider of chemistry and dose-control technology to mining, utilities, oil and gas, and infrastructure customers.
The details
A SciDev field chemistry team will work alongside the customer's crew, supplying bulk completion chemicals and on-site technical assistance during fracturing operations. The MaxiFlox awards in mining, utilities and infrastructure combine chemistry with OptiFlox automated dose-control technology and on-site services.
Timeline
October 2026: Three MaxiFlox contracts announced with approximately $8 million committed value.
June 2026: A $6 million Newmont Boddington contract was announced.
FY26: Recurring revenue reached 38% of total revenue.
First half of FY27: The Rum Jungle project is expected to approach completion.
FY27: Expected Permian contract revenue of about $14 million.
Market Landscape
The award reflects continued completion activity in the Delaware Basin, the western part of the Permian and one of the most active drilling areas in Texas. SciDev is prioritising this region to grow service-chemistry revenue as producers keep running hydraulic fracturing crews.
For Texas residents, the award points to continued fracturing activity in the Permian Basin, which supports local service and supply employment. Because the contract has no minimum purchase commitment, the level of work and related jobs will track the producer's actual drilling plans.
The takeaway
Recurring work now makes up a growing share of SciDev's revenue, which lowers reliance on one-off project awards. Readers tracking Texas energy services can watch whether this recurring share keeps rising in future reporting.
What happens next
SciDev expects about $14 million of Permian contract revenue in FY27, and the first half of FY27 is when the Rum Jungle project is expected to approach completion.
Further reading
For more on the sector, see Oil and Gas coverage across Texas.
Source note: This article includes information reported by Small Caps.
