Member Info for Fadec92

https://www.linkedin.com/in/clay-terry-ba50644a/

Works for Halliburton’s North America Region Water Liaison - Production Enhancement!

Glad you mentioned this Gallini!

Enhanced Oil Recovery will play a bigger part of improving OOIP (Recovery Factors)!

The Foam recovery we are interested in (N2) and have picked bits out for an easier read and highlighted how efficient N2 gas/foam recovery can be in Recovery Factors (RF) measured in % gained of Oil In Place (OOIP) against other EOR processes!

EOR at the block scale

Foam injection as an EOR technique in fractured, oil-wet carbonate rocks was further investigated in a block sample. Oil recovery during waterflood, pure gasflood, and surfactant injection were compared with co-injection of gas and surfactant in a pre- generated foam injection. Three injections were performed:

1. A waterflood with 10 cc/hr injection rate.
2. A surfactant flood with 10 cc/hr injection rate.
3. A pre-generated foam injection with an injection rate of 130 ml/hr (N2 gas fraction was 0.92).

Results

1. Waterflood produced RF=10%OOIP with a clean water-cut (i.e. no two-phase production).
2. The subsequent surfactant injection produced an additional RF=2.5%OOIP during 9PV injected.
3. pre-generated foam injection produced additional oil, amounting to RF=75.7%OOIP, with a fast initial recovery followed by a slowly reducing oil production

Conclusion

Injection of pre-generated foam greatly enhanced oil recovery, with recoveries up to 80%OOIP. Increased apparent foam viscosity increased oil recovery in similar fractured systems. Enhanced oil recovery by pre-generated foam injection in fractured, oil-wet limestone was observed only after high pore volumes throughput. Oil recovery efficiency may increase by reducing the rate of foam collapse in the fractures by:

 Improving the foam oil tolerance.
 Changing the wettability of the fracture surface to water-wet.
 Optimizing the injection of foam (e.g. FAWAG).

Research Article try and get the full version, you might have to but email details in but I have stored the full pdf to my iBooks!

https://www.intechopen.com/books/introduction-to-enhanced-oil-recovery-eor-processes-and-bioremediation-of-oil-contaminated-sites/enhanced-oil-recovery-in-fractured-reservoirs

Missed nothing wouldn’t want frac hits with them reaching out to low pressure areas of the parent well, after frac they put back into production!

“A common industry response when fracturing is happening nearby is to shut in”

https://www.spe.org/en/jpt/jpt-article-detail/?art=3602

Yes haven’t seen Bazzel Brush for a while! :/)

Someone must have seen the weather changing to rain in Denver! Lol..

Thanks for your insight RKB!

Evening RKB!

Got you! A separate resolution must be passed for this, thanks for straightening that up!

So at the bottom, of last post looks as if can go the other way too, too buy back shares!

“the reserve created on such reduction can be treated as a realised profit and, therefore, it may be distributed to shareholders or used to buy back shares.”

Capital reduction must take place to cancel the share premium account, so the nominal value must change from 5p to 1p, seams to be!

“That part of shareholders' funds (shown separately on the balance sheet) formed of the premium paid for new shares above their nominal value. It is a statutory reserve which forms part of a company's non-distributable reserves.

The provisions relating to the share premium account are set out in section 610 of the Companies Act 2006. Subject to the companies articles, the share premium account may be:

~ Used to pay up new shares to be allotted to members as fully paid bonus shares.


~ Reduced (or cancelled) by means of a reduction of capital. In accordance with article 3 of the Companies (Reduction of Share Capital) Order (SI 2008/1915), the reserve created on such reduction can be treated as a realised profit and, therefore, it may be distributed to shareholders or used to buy back shares.”

The share premium account is a reserve that cannot be distributed. A company can use the balance of the account only for purposes that have been established in its bylaws. In most cases, a company cannot use the account to pay out dividends to shareholders or to offset operating losses. The share premium account is usually utilized to pay off equity expenses, which include underwriter fees. The account can also be used in the issuance of bonus shares and for costs or expenses related to this issuance.

https://www.investopedia.com/terms/s/sharepremiumaccount.asp

Thanks Dave you were right!

Because one well could turn in 2,5 or 10 with the high flow rates and the price of Nitrogen!

Near pure blacksheep at 99.59% the other 2 are Argon and Helium!

Jof I don’t know the formation size but there is as you know a big salt formation there!

Tryed to find a similar well to Barret won’t find a Nitrogen well so looked for a CO2 well in a salt formation and is a producing vertical CO2 well from Kinder Morgan in Colorado, and the production figures have no decline!

https://imgur.com/a/32Ma6Hl

This is the bit!

“We are an oil and gas company but our nitrogen discovery could be very significant. If we can sell it for $5 to $10 an mcf, then we ask ourselves why drill for natural gas?”

It’s sounds as if a deal is good that would be very welcome!

I noticed in the Forbes Magazine it said between $5-10 pMcf is the price is that to a third party!

“How much money”

Yes for starters a contract but it’s essential to know what we are dealing with the size of the asset and details of how many wells so can see how money can be made!

Highlands should be onsite in Hamilton for the Argon as mentioned in presentation and we know that extra pieces of land has been acquired there to add to existing owned, so what we need is a plan of what the next steps of development are ie, drill more wells, re-complete old ones what kind of spacing for development and also estimate of Reservoir size, also who we will be supplying, is this contract an initial one and there could be further and is there much more leases to be acquired!

Highlands Nitrogen Video.

http://highlandsnr.com/nitrogen-film/

Nitrogen Application and Distribution.

http://highlandsnr.com/wp-content/uploads/2018/06/Nitrogen-Gasworld-April-2018Correct-Version.pdf

Highlands 2018 Presentation.

http://highlandsnr.com/wp-content/uploads/2018/08/HNR-Corporate-Update-Q2-2018-RL-comments-200818.pdf