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#9049 Well Enhancement By Drilling Short Laterals With Water Jets


 

WELL ENHANCEMENT BY DRILLING SHORT LATERALS WITH WATER JETS - #9049

This company is using a patented process to improve the production capacity of marginal wells by using a unique patented, highly cost effective, portable, and practical reservoir enhancement technology.  This process simply uses a high pressure water jet on the end of a long string of coiled tubing to penetrate the near-well bore region of the oil and/or gas productive sand, which may have become congested or completely plugged with fine particles.   In a single day, a water jet rig can drill as many as six one-half inch horizontal holes through the steel casing and up to 300 feet into the reservoir.  Occasionally, these lateral drain holes will encounter a vertical fault which usually results in a dramatic increase in hydrocarbon production.   For example, when a fracture is encountered, a well may increase from 10 barrels of oil per day to 100 barrels of oil per day.   This is not a new experimental process – the success of this technology is well documented and the upside potential is enormous.   This company is about to release a Private Placement Memorandum to raise $25,000,000 which will be used to purchase a portfolio of existing oil and gas wells in oil fields where this technology is applicable.   Minimum $50,000 participation.

 

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