HISTORY

Oil. It’s a finite resource. Each day, the growing economies of the United States, China, India and elsewhere create ever-greater demand. The United States alone consumes more than 20 million barrels per day. Obviously, as demand increases, supply decreases and the market price goes up. This cause-and-effect scenario leads to tremendous profitability for companies that find cost-effective ways to maximize oil recovery.

Traditionally, oil producers always have “picked the low-hanging fruit,” recovering only the easily extracted oil from reservoirs and leaving behind the rest.

Breaking from this status quo, we at Wavefront developed our cost-effective Powerwave process. Since our first application in 1998, we have consistently delivered successful results for better oil well stimulation and secondary oil recovery. In some examples, the technology has increased the production of individual wells by greater than 1,000 percent. In oil recovery revitalization, it has increased production by 30 percent or greater. Powerwave, when adopted market-wide, could increase supply by up to billions of barrels.

And keep in mind that this is production from existing fields. That means revitalized revenue streams without costly and potentially fruitless new exploration. In fact, because Wavefront maximizes secondary recovery, fewer wells may produce the same amount of oil or more.