Well Enhancement Services increases production by producing horizontal laterals in oil and gas wells. Our laterals extend from the wellbore out 300 ft into the creating formation. We build these horizontal laterals in all directions and at many operating depths with generally three or fours laterals per depth. In other words, we open up the nicely in order to allow oil and gas to move additional freely to the wellbore, therefore rising the drainage radius. We believe that we can allow wells to drain an addition 15% of the oil that is in place.
2-Is this proprietary technologies, if not how do you differentiate yourself from your competition?
This is a proprietary technology that was 1st patented in 1995. We hold a US license of the technologies and operate only in the US.
three-What sort of properties or wells perform greatest with your course of action?
We appear for creating properties with tight or fractured formations. In other words, any effectively would be a viable candidate for our process if it could advantage from enhanced permeability, i.e. the capacity to let fluids to flow additional easily by means of rock, or where extending a drain hole out a couple hundred feet would permit a properly to attain an untapped reservoir. We function especially effectively in water floods since the water drive pushes the oil to the wellbore nicely. Lastly, we can operate in wells with a casing size as tiny as 4.five”.
four-Could you ever use acid with your jets as your pulling your laterals out of the formation?
That’s a great thought and a single that we have already tried. Nevertheless, we learned that our nozzle does not have sufficient flow price to location adequate acid in the laterals to make a difference. It only requires about 3 GPM at higher stress to reduce rock. In addition to, the acid in the wellbore had the added impact of damaging our down-hole equipment, so we advise a separate acid treatment soon after we are performed with the nicely.
five-Any fear of hitting the “Ocean” with your laterals?
There is always a worry of hitting the “ocean” down beneath even so, we have in no way had that unfortunate expertise. We have operated as small as 25 ft above the ocean and have under no circumstances had a trouble. The jetting hose is extremely rigid at stress, so the nozzle will want to continue straight unless it hits something challenging at a sharply oblique angle.
6-How quite a few completions have you completed?
We have performed about 50 wells more than the final 1 ½ years.
7-What is the typical boost in production? How extended does it last?
The standard boost in production is 3 to five-fold. We have observed as considerably as a 10-fold enhance in production. Substantial percentage increases in production typically are due to jetting past wellbore harm. Increases in production commonly also have a direct correlation to the high quality of the properly. In other words, a 10 BOPD nicely will normally deliver a substantially much better net increase than a ½ BOPD nicely.
eight-Cost Evaluation?
We base our pricing on the depth of the well and on the number of laterals designed. A typical price range will be $25,000 to $35,000 ranging from 4 laterals to 8 laterals. We can jet as a lot of laterals in as several zones as preferred. The operator will will need to supply the workover rig and really should also price range in suitable post-lateral remedy such as an acid remedy or frac job.
9-Does your company also lease property and jet laterals for production dollars?
Our major organization model is to purchase wells for our personal account and then enhancement them for the enhanced production value. We put our cash where our mouth is given that we apply the technology to our personal wells. Because we never have adequate wells to be committed to our own account, we will do charge for service on third-party properties.
ten-Biggest Good results? Wells you don’t like to operate on?
Our most effective successes are those ten-fold increases. The best successes are on newly drilled wells, wells participating in a water flood, and wellbore damage situations. yoursite.com like to work on wells that are not appropriate for the technology. Wells of that nature are these that are very depleted with no down-hole pressure and no prospective for increased drive away from the wellbore.
11-Any future improvements slated for the technology?
Our close to term plan is to go deeper. Our current gear will work nicely to four,500 ft. We can effortlessly operate at 9,000 ft with a larger unit sized appropriately.
Thanks, and excellent luck in your drilling this year!
A veteran monetary officer for several building organizations, Gerald is an knowledgeable leader. Seeing the possibilities in the oil & gas organization, he is now focusing his efforts in developing worth through use of new technology in the oil patch. He also writes a quantity of investment newsletters focused on oil/gas, ethanol, biofuels, and cleantech.