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Hi Steve, Thanks for taking the time out of your busy schedule!
1-Would you tell our readers what your company does?
Well Enhancement Services increases production by creating lateral horizontal wells in oil and gas. Our side extend from the borehole at 300 m in the producing formation. We create these horizontal laterals in all directions and at depth with multiple operating branching usually three or four deep. In other words, we open the property to allow oil and gas to move more freely the wellbore, thereby increasing the radius of drainage. We believe we can drain the wells of an addition of 15% of the oil that is in place.
2-Is it a proprietary technology, otherwise how do you differentiate yourself from your competitors?
This is a proprietary technology that has been patented in 1995. We hold a U.S. license the technology and only work in the United States.
3-What kind of properties or in sinks work best with your process?
We expect to produce goods with tight formations or fractured. In other words, a well would be a viable candidate for this procedure if it could benefit from a greater permeability, ie the ability to allow fluids to flow more easily through the rock, or in which the extension of a drain hole a few hundred feet would allow a well to reach untapped. We work particularly well in water flooding since the reader of the water pushes the oil the well drilling well. Finally, we can intervene in the wells with a case size as small as 4.5 ".
4-Would you ever use acid with your side projects such as pulling your training?
It's a good idea and we've tried. However, we learned that this nozzle does not have enough speed to put enough acid in the side to make a difference. Just about 3 GPM high pressure rock cut. In addition, the acid in the wellbore has been added effect of damaging our equipment in the hole, so we recommend separated after acid treatment does us good.
5-All the fear of hitting "Ocean" with your side?
There is always a fear of hitting the "Ocean" at the bottom, but we never had this unfortunate experience. We have operated as little 25 ft above the ocean and have never had a problem. The hose stream is very hard to pressure, so that the nozzle will want to continue straight when it hits something hard to very oblique angle.
6-How many completions did you do?
We made about 50 wells over the last 1 ½ years.
7-What is the average increase in production? How long does it last?
The increase in production is typically 3 to 5 times. We saw as much as a 10-fold increase in production. large percentage increases in production are usually due to damage jets well spent. Increased production in general also have a direct correlation with the quality of the property. In other words, a BOPD 10 wells usually provide increased much more sharply than ½ BOPD well.
8-cost analysis?
We base our prices on the well depth and the number of laterals created. A typical price range is $ 25,000 to $ 35,000 from April to August lateral branches. We can throw as many branches as many zones as desired. The operator will provide the platform workover and should also provide an appropriate budget for post-treatment side as treatment with acid or use of fracturing.
9-Does your company also lease property and the lateral jet worth of production?
Our main business model is well buying for its own account and then improve the production value has increased. We our money where our mouth is because we apply this technology to our own wells. Since we have not sufficiently well to concentrate on our own account, we will service charge on the properties of others.
Successful 10-The greatest? Wells you do not work?
Our most successful are those increases 10 times. The best successes are the newly drilled wells, wells involved in flood water, and cases of wellbore damage. I do not work on wells that are not suitable for technology. The wells of this nature are those that are impoverished without pressure bottom of the hole and no increased risk of driving away from the well.
11-All future improvements planned for the technology?
Our short term plan is to go further. Our current facilities are working well at 4,500 m. One can easily run to 9,000 m with a larger unit of appropriate size.
Thank you and good luck in your drilling this year!
A veteran financial officer for multiple construction companies, Gerald is an experienced leader. Seeing the opportunities in the oil & gas business, he is now focusing his efforts in building value through use of new technology in the oil patch. He also writes a number of investment newsletters focused on oil/gas, ethanol, biofuels, and cleantech. Email for free copy!
Gerald can be reached on his cell phone 508-889-9989 or email: dynamicoilceo@yahoo.com
[http://www.dynamicnaturalresources.com]
[http://www.success007.com]
[http://www.ethanolpennystocks.com]
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