a composition useful as a well lubricant , solvent , emulsifier , and performance extender for corrosion inhibitors in high velocity gas , oil or water drilling , production or gathering applications , that is preferably formed by the reaction and distillation of a tall oil fatty acid with a fatty alkanolamide , preferably in the presence of methyl ester of fatty acids , and most preferably when further reacted and distilled with an emulsifier such as coconut oil diethanolamide or distilled tall oil amide of aminoethylpiperazine . the fatty acids and oils useful in the invention can range from c 8 to c 24 , with c 12 , c 14 , c 16 , c 18 and c 20 fatty acids and oils being most preferred . the presence of methyl ester is preferred because it functions as a foam suppressant , diluent and amine scavenger during distillation .