-
SLB prevails in frac technology patent lawsuit vs. Nitro Fluids, awarded $9 million
On Wednesday, March 27, 2024, jury deliberations took only two hours after a week-long trial to find that both SLB Monoline™ fracturing fluid delivery technology patents (US Patents 9,932,800 and 10,385,645), as asserted, were valid and that Nitro Fluids LLC had willfully infringed both of the patents to award SLB (Cameron International Corporation, a subsidiary of SLB) nearly $9 million in past damages, based on reasonable royalty and lost profits. The finding of willful infringement could result in tripling of the jury award, thus further enhancing the damages to as much as $27 million. Badri Mani, SLB’s ... (full story)