PRTODAY / NewswireToday Free press release distribution service network

More news: Energy
Written by / Agency / Source: PetroLocate

Check Ads Availability|e-mail Article


Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!

PetroLocate - Technology Offers New Opportunity in the Wake of Low Oil Prices, Lay Offs and Idle Drill Rigs - While companies are lowering rig count, laying off workers and fearing debt, others are seizing the opportunity, helping clients locate oil so they’re ready to sell when prices rebound - PetroLocate.com
PetroLocate - Technology Offers New Opportunity in the Wake of Low Oil Prices, Lay Offs and Idle Drill Rigs

 

NewswireToday - /newswire/ - Lakewood, WA, United States, 2016/03/03 - While companies are lowering rig count, laying off workers and fearing debt, others are seizing the opportunity, helping clients locate oil so they’re ready to sell when prices rebound - PetroLocate.com.

   
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Energy Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

In late 2014 Mike G., Geophysicist of Texoma [Texoma Exploration] purchased PetroLocate’s PL14 seismoelectric exploration technology. Soon after Mike was trained on the system he took on a total of ten oil exploration programs using the PetroLocate technology [PL14]. After testing exploration sites with the PL14, nine produced accurate results where the PL14 operator identified six wells as having enough oil for economical extraction from a vertical oil well. Testing at two of the sites showed no significant seismoelectric response from the PL14 data, these results were given to the Texoma clients and subsequent drilling confirmed a lack of oil at both sites. At another site, oil was encountered but it was determined by the Texoma client that there wasn’t sufficient oil for economic development. Two of the successful oil wells were drilled at wildcat sites. One of the successful sites was at an existing oil well where the PL14 data showed a deeper oil play. The existing oil well was deepened to capture the oil from the newly identified zone.

This month [Feb 2016] Martin in Kansas reported that a successful oil well was drilled behind an exploration survey conducted by his company using the PL14 in Logan County Kansas. The operator advised his client that the PL14 showed the presence of liquid hydrocarbons at an estimated maximum drill depth of approximately 4800 feet. The new well was drilled to approximately 4700 feet and is now ready for production.

The PL14 oil exploration technology became available to the market in early 2014 after patents were filed [patent pending pub. No.: US 2014/0111207 A1]. The PL14 is similar to the groundwater exploration technology used since 2001 worldwide by AquaLocate founder Ervin M. Kraemer. The difference between traditional seismic exploration technology and the PL14 exploration technology is that it detects mobile resistive liquids whereas traditional seismic exploration is limited to the imagining of rock geology. Affordability of exploration surveys as well as product costs are two additional yet significant variations between the two exploration technologies whereas the PL14 is affordable to large or small oil exploration firms alike. For more information about the PetroLocate PL14 exploration technology contact Ervin. M. Kraemer at 800.251.3350 or PetroLocate.com

 
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Energy Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Written by / Agency / Source: PetroLocate

 
 

Availability: All Regions (Including Int'l)

 

Traffic Booster: [/] Quick Newswire Today Visibility Checker

 

Distribution / Indexing: [+]

 
 
# # #
 
 
  Your Banner Ad showing on ALL
Energy articles,
CATCH Visitors via Your Competitors Announcements!


PetroLocate - Technology Offers New Opportunity in the Wake of Low Oil Prices, Lay Offs and Idle Drill Rigs

Company website links NOT available to basic submissions
It is OK to republish and/or LINK any newswire for any legitimate media purpose as long as you name Newswire Today and LINK as the source.
 
  Is this your article?
Activate ALL web links and social stream by Upgrading to Press Release PREMIUM Plan Now!

|
Publisher Contact: Chelsea Kulp - PetroLocate.com 
800-251-3350 info[.]petrolocate.com
 
Newswire Today - PRZOOM / PRTODAY disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any PetroLocate securities in any jurisdiction including any other companies listed or named in this release.

Energy via RSSAdd NewswireToday - PRZOOM Headline News to FeedBurner
Find who RetweetFollow @NewswireTODAY



Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!


Read Latest Articles From PetroLocate / Company Profile


Read Energy Most Recent Related Newswires:

Enel Begins Operations At World’s First Commercial Geothermal-hydro Hybrid Power Plant
Vestas Secures 112 MW for Three Projects in France
ENGIE and Statoil Agree on the Renegotiation of Their Long-term Gas Supply Contracts
ENGIE and AES Andres Leverage Core Strengths to Provide Reliable and Competitive LNG Supply in the Caribbean
Power Costs, Inc. (PCI) and GE Power Collaborate to Link Energy Operations with Energy Trading for End-to-End Machine to Market Software Solutions
GE Oil & Gas Signs Agreement with TAG GmbH to Install New Tuning Maintenance (TUMAS) Software on Entire Fleet of Gas Turbines
ENGIE Announces Two New Major Collaborations to Foster New Innovative Green Gas Production Methods Across Europe
Enel Inaugurates Apiacás Hydropower Complex in Brazil
Steam and Gas Turbine Manufacturers Realign Strategies to Harness Growth Opportunities within Clean Power Generation
Enel Starts Construction of Peru’s Largest Solar PV Plant
GE and Maersk Drilling to Pilot Marine Digital Transformation
SolarWinds to Join the Discussion on Interoperable IT Management for Defense Forces at AFCEA’s TechNet Asia-Pacific 2016
BP and GE Launch New Offshore Digital Technology with Plans to Deploy Globally
GE Digital Acquires ServiceMax to Extend Predix and Analytics Across Field Service Processes
GE Digital Launches Collaborative App Development Program to Expand Digital Industrial Ecosystem

Boost Your Social Network
& Crowdfunding Campaigns


LIFETIME SOCIAL MEDIA WALL
NewswireToday Celebrates 10 Years in Business


PREMIUM Members


Visit  BizJobs.com

Visit  Triggr & Bloom





 
  ©2016 Newswire Today — Limelon Advertising, Co.
Home | About | Advertise/Pricing | Contact | Investors | Privacy/TOS | Sitemap | FRANCAIS
newswire, PR free press releases distribution service magazines engine news alert newsroom press room breaking news public relations articles company news alerts newswiredistribution ezine bizentrepreneur biznewstoday digital business report market search pr firms agencies reports distri-bution today investor relation successful internet entrepreneurs newswire distribution prtoday.com freenewswiredistribution asianewstoday bizwiretoday USA pr UK today - NOT affiliated with PRNewswire as we declined their partnership offer in 2013
 
PRTODAY & NewswireTODAY are NOT affiliated with USA TODAY (usatoday.com)