Highlands, the London-listed natural resources company, is pleased to announce that gas samples collected from the Barret 1-14B Well in Kansas during the company's flow tests on 21 June 2018 indicate initial nitrogen purity levels over 99.59%.
The analysis has been conducted by Isotech Labs, a prominent independent laboratory who serves the industry across the United States.
By way of illustration of the importance of this result, nitrogen with 98-99.5% purity is used as a preserving agent by food and beverage producers, meaning that Highlands' output could be immediately used in this industry.
“Highlands' output could be immediately used in this industry.”
So no need for the costs of plant equipment or the energy costs which the industry recognizes as the major cost and impediment of EOR being utilized more!
With 800 acres acquired and a cheap re-completion to assess the potential of Barret 1B (2,581 Mcfpd flowtest), more acreage has been identified and as can be seen from wells within the township there are more potential drilled and cemented wells with just the brigde plug that needs drilling out, the drill rig has been adapted to facilitate the production of a high pressure formation, so with more acreage it’s easy to see the plan and potential!
So testing will be mobilized in September from the 1B well from the presentation on page 12!
1.Primary 2.Secondary 3.Tertiary also known as Enhanced Oil Recovery (EOR).
Primary oil recovery is limited to hydrocarbons that naturally rise to the surface, or those that use artificial lift devices, such as pump jacks.
Secondary recovery employs water and gas injection, displacing the oil and driving it to the surface. According to the US Department of Energy, utilizing these two methods of production can leave up to 75% of the oil in the well.
Tertiary recovery method or EOR can further increase oil production, although more expensive to employ on a field, EOR can increase production from a well to up to 75% recovery.
EOR In The US
The US Department of Energy estimates that currently there are 89 billion barrels of additional oil trapped in onshore reservoirs. This is in great contrast to the country's current domestic proven reserves, which is estimated at 21.9 billion barrels. The DOE stresses that much of this production could be tapped by implementing EOR methods, namely the injection of carbon dioxide.
In fact, the governmental agency claims that the pervasive application of EOR technologies on US reserves could increase the country's oil recovery from approximately 30% to more than 60%. If this oil was added to the US proven reserves, the country would rank fifth in the world for the size of its reserves.