Source: Westmont Resources
Westmont Resources, Inc. (OTCBB:WMNS) reported that the "beta" pilot program to demonstrate the effectiveness of Parker Technologies' enhanced heavy oil extraction method yielded dramatic results. Production increased from 1-2 bbl per day to a sustained 100 bbl per day.
Westmont entered into a strategic partnership with Parker after acquiring a 10% interest in the company's technology. Parker's process has become a key component of Westmont's own enhanced unconventional oil and gas recovery system, EcoRecovery4.
The increased production from the beta well located in the Maverick basin in Zavala County, Texas was by a factor of 50 to 100 times. The original conventional mechanical lift production of the nearly 30 year old well, which was first drilled in 1981, was 1-2 bbl of oil per day. After fitting the well with the Parker's proprietary heavy oil extraction system, the pilot well's production jumped to 85 bbl per day. Following various site-specific adjustments the well's production jumped a sustained production level of 97 bbl per day before being shut down for analysis and evaluation. Following various upgrades and enhancements to Parker's system based on the analysis of the initial test, we expect production to double and could go as high as 200 bbl of oil per day.
Equally significant, as no steam, water or other foreign elements are used and therefore introduced into either the well or surrounding land table, the environmental impacts were no greater than with traditional drilling. This is quite an accomplishment as other forms of enhanced heavy oil extraction technologies are all fraught with environmental challenges and limitations.
"This systems' success in this pilot project strongly suggest that EcoRecovery4, with the incorporation of the Parker system, can deliver solid incremental production gains to all heavy oil projects, regardless of viscosity levels and the sensitivity of the surrounding environment," said Glenn McQuiston, Westmont's President. "The results of this pilot can help our national efforts to become independent of foreign oil imports by taking advantage of the huge deposits of unconventional oil in the US such as the heavy oil in south Texas."
"We are very encouraged by the response as we go about changing this part of our oil production culture," he added. Tests to determine whether traditional enhanced extraction methods have proven to be "clean" have not been promising. The upshot is that increasingly communities are reluctant to welcome such production and regulators following suit are imposing more "red tape" prior to granting their approvals.
"Confronting one of the biggest public safety threats facing our county is no small task, but we're taking on this really big problem head-on," McQuiston said. "We'll work in basins possessing all types of oil, in every corner of this country, and bit by bit we'll make progress to insure a widespread adoption of EcoRecovery4."