<< Six-fold increase in injection prompts other operators to consider Powerwave
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EDMONTON, May 21 /CNW/ - Wavefront Energy and Environmental Services Inc. ("Wavefront"), a world leader in providing innovative solutions for increasing oil field production and enhancing the treatment of contaminated groundwater is pleased to announce that a six-fold increase in water injection rate resulting from the use of Powerwave, has prompted a Central Texas client to expand the program for its oil field.
Prior to Powerwave implementation the client reported a water injection rate of 40 barrels of water per day at 1000 psi injection pressure. After implementing a Powerwave program the client reported a water injection rate of 240 barrels of water per day at 800 psi injection pressure.
"This is a substantial response for a client that had not experienced injection rates of this magnitude and at much lower injection pressures at any time in the field's history," said Wavefront President and CEO Brett Davidson. "The considerable performance improvement Powerwave brings to waterflooding in this region has other operators looking closely at how Powerwave can be used to maximize oil recovery in their fields."
About Wavefront Technology Solutions Inc.
Wavefront specializes in designing and developing leading-edge techniques for oil well stimulation, improved oil recovery, and environmental groundwater remediation.
ON BEHALF OF THE BOARD OF DIRECTORS WAVEFRONT TECHNOLOGY SOLUTIONS INC. "D. Brad Paterson" (signed) D. Brad Paterson, CFO & Director Cautionary Disclaimer - Forward Looking Statements --------------------------------------------------
Certain statements contained herein regarding Wavefront and its operations constitute "forward-looking statements" within the meaning of Canadian securities laws and the United States Private Securities Litigation Reform Act of 1995. All statements that are not historical facts, including without limitation statements regarding future estimates, plans, objectives, assumptions or expectations or future performance, are "forward-looking statements". In some cases, forward-looking statements can be identified by terminology such as "may", "will", "should", "expect", "plan", "anticipate