PROP / Novas Energy USA
Posted: Thu Nov 14, 2013 11:09 am
HOUSTON, Texas, Nov. 14, 2013 (GLOBE NEWSWIRE) - Propell Technologies Group, Inc (PROP) is pleased to announce it has started to treat 10 wells in West Texas Permian Basin area near Abilene, Texas.
The Company treated one well yesterday with its exclusively licensed Plasma Pulse Technology, which has been proven to increase the production and the recovery of oil. The treatment was performed for a producer located in the Bluff Creek Sandstone formation about 40 miles from Abilene, TX. The well is being put back online today with initial results expected next week. Additionally the Company expects to treat two more wells in the same field today, including its first injector well in the United States.
The Company expects to treat 5 additional wells in Scurry County in the Clear Fork, San Andres and Glorrietta dolomite/limestone formations near the Snyder, Texas area. These treatments will include four producers and another injector. The producers include two multiple (10 and 7) stage pay zones and a shallow (1794 feet) open hole completion.
The last two wells of the 10 the company intends to treat with Plasma Pulse were just drilled in the Abilene area to a depth of approximately 1860 feet and are situated in the Flippin limestone formation. One well was completed with a frac with slick water and 155 sacks of sand and the other well has not been fractured.
"We are certainly looking forward to putting our technology to work in the Permian Basin, one of the most prolific oil producing zones in the United States. These treatments will hopefully give us more opportunities to be able to treat injectors, reworks and also new wells.," said Mr. John Huemoeller II, Propell's President and CEO.
About Propell Technologies, OTC Markets: PROP. -- Through its wholly owned subsidiary Novas Energy USA, Propell is the exclusive licensee of patented "Plasma Pulse" technology in the United States, which has been shown to significantly improve existing well recovery and production volumes. For more information, visit http://www.propell.com or call 713-227-0480, 1701 Commerce Street, Houston, Texas 77002.
The Company treated one well yesterday with its exclusively licensed Plasma Pulse Technology, which has been proven to increase the production and the recovery of oil. The treatment was performed for a producer located in the Bluff Creek Sandstone formation about 40 miles from Abilene, TX. The well is being put back online today with initial results expected next week. Additionally the Company expects to treat two more wells in the same field today, including its first injector well in the United States.
The Company expects to treat 5 additional wells in Scurry County in the Clear Fork, San Andres and Glorrietta dolomite/limestone formations near the Snyder, Texas area. These treatments will include four producers and another injector. The producers include two multiple (10 and 7) stage pay zones and a shallow (1794 feet) open hole completion.
The last two wells of the 10 the company intends to treat with Plasma Pulse were just drilled in the Abilene area to a depth of approximately 1860 feet and are situated in the Flippin limestone formation. One well was completed with a frac with slick water and 155 sacks of sand and the other well has not been fractured.
"We are certainly looking forward to putting our technology to work in the Permian Basin, one of the most prolific oil producing zones in the United States. These treatments will hopefully give us more opportunities to be able to treat injectors, reworks and also new wells.," said Mr. John Huemoeller II, Propell's President and CEO.
About Propell Technologies, OTC Markets: PROP. -- Through its wholly owned subsidiary Novas Energy USA, Propell is the exclusive licensee of patented "Plasma Pulse" technology in the United States, which has been shown to significantly improve existing well recovery and production volumes. For more information, visit http://www.propell.com or call 713-227-0480, 1701 Commerce Street, Houston, Texas 77002.