X

Wall Street Grand Featured Company: USA Superior Energy Holdings, Inc. (USSU.OB) Announces a 200% Increase in Oil Production from Existing Oil Well

USA Superior Energy Holdings, Inc. (OTCBB: USSU) (FRANKFURT: F2S) is proud to announce a report of finding a 200% increase in oil production from an existing oil well during recent testing. A test involving a successful cyclic nitrogen test of the Enhanced Oil Recovery (EOR) technology developed by USA Superior, resulted in the testing.

A cyclical nitrogen injection test is where nitrogen is injected into existing wells to re-pressurize the oil in formation, and within short period of time the pressure diffuses about the well bore. As a result, the oil retreats into the well bore and oil production and pressure decreases over time; another cycle is injected therefore re-pressurizing the remaining oil. The cycles are continued until no longer needed.

Before initial testing of the well, it was producing a small amount of fluids composing of 5% oil and 95% water. During the first three days of testing, the well pumped 100% oil before the nitrogen pressure drained, representing a significant increase in the oil capable of being produced from the same well.

“We feel these results show the potential that a cyclic nitrogen injection program implemented across a field can produce,” stated Randy Holifield, Field Supervisor of USA Superior Energy Holdings, Inc.

It is estimated by third party engineers that existing wells have only produced 5%-10% of the oil existing in the ground from primary production, leaving 90%-95% of remaining fluids to be produced through secondary and tertiary methods. With horizontal enhancements and a cyclic nitrogen injection program, USA Superior anticipates a production increase of 15%-30% of oil still left in the ground.

Let us hear your thoughts below:

Related Post