THIS IS INTERESTING RE; WHITING
From the Aug 11 WEE release;
" EDMONTON, Aug. 11 /CNW/ - Wavefront Energy and Environmental Services
Inc. ("Wavefront"), a world leader in fluid injection technology for
improved/enhanced oil recovery and groundwater restoration is pleased to
report that Powerwave will be implemented in Texas County, Oklahoma by a
Denver-based, New York Stock Exchange traded, independent oil and gas producer
having operations in the Permian Basin, Rocky Mountain, Mid-Continent, Gulf
Coast and Michigan regions of the United States."
From the Whitng 1st qtr. report of May 5/08;
https://phx.corporate-ir.net/phoenix.zhtml?c=147759&p=irol-newsArticle_Print&ID=1139442&highlight=
"-- Whiting's expansion of its CO2 flood at the Postle field, located in Texas County, Oklahoma, continues to generate positive results. Production from the field has increased from a net 4,200 BOE per day at the time of its acquisition in August 2005 to a net 6,200 BOE per day in March 2008, an increase of 48%. Our objective had been to increase CO2 injection into the field's producing reservoir to 120 MMcf per day from approximately 60 MMcf per day at the time we acquired the field. We surpassed the 120 MMcf daily rate in January 2008.
This project is part of the Company's plan to expand the existing water and CO2 flood from the eastern half of the Postle field to the western half of the field. The field includes six producing units covering a total of approximately 25,600 gross acres (24,223 net acres) with working interests of 94% to 100%. As of December 31, 2007, there were 156 producing wells and 119 injection wells completed in the Morrow zone at 6,100 feet. "
My point being the 119 injection wells or potential Powerwave sites.
Also from the Whiting report is the increase of the exploration and development budget for '08 by $100 million to $740 million;
"Whiting has increased its exploration and development budget by $100 million to $740 million for 2008. The majority of this increase is related to increased expenditures on our multi-year CO2 project at the North Ward Estes field where we have increased expenditures to accelerate construction and the completion of certain projects. The increased budget is also attributable to increased CO2 costs due to higher CO2 injection rates and higher purchase costs as the price of CO2 in this field is indexed to oil prices."
Barruch