New white paper “regulatory sandbox”
A collection of textile samples lay spread out on the table - Samsa was a travelling salesman and above...
Key Points to consider the Philosophy on which Nykko Development oil and gas production management and enhancement are based.
Identifying leases with existing oil wells, with little or no production, leases with a history of oil being found and are placed in the ground to be brought on the surface.
Leases with existing wells to rework key and put back in production along with room to put or drill new wells to further develop the property.
The key factor is always to keep the cost low and maximize the profit. Reworking an existing well could cost 5 to 10% of the cost of drilling a new well. Being the case one thing is certain that oil can be brought up on the surface by a mean of pump jack and then the product could be enhanced to double the production therefore an increase in monthly revenue.
Further enhancement can be made by the application of two of the patent technologies one already proven is the Nitrogen Injection System. With nitrogen flood long with water “WAG” is the term used in the industry.
The second patented technology is the “E Suction Tool Pump” also a proven methodology used in Pennsylvania in multiple wells resulting in 4 to 10 times the production or more.
There will be three types of enhancement procedures applied to the wells close to the current 80 plus existing wells in six leases in Oklahoma, owned operated by Energist Resources.
Since 1990, the vast majority of reserve additions in the United States— 89 percent of oil reserve additions and 92 percent of gas reserve additions—have come from finding new reserves in old fields.
Particularly impressive is the industry’s track record in effectively extracting additional resources from previously discovered, older fields.
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Over the course of more than 30+ years of hard work with many large and small projects. We have worked out the best working process.
We are looking for smart individuals who want to have a positive impact on the world. If that’s you, visit our Careers page or send us a CV at: industris@oceanthemes.net
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