Dallas, TX; Bloomfield, CT & Trinidad - January 15, 2013 - VeruTEK Technologies, Inc.®, a developer of high performance chemical solutions for a range of applications including improved oil & gas production, reported substantial oil production gains using VeruTEK ProBoost™ chemistry in heavy oil deposits in the Southern Venezuelan Basin on the island of Trinidad and in the McClouth formation in Kansas. The Trinidad production gains are documented in a case study just released by VeruTEK and available for review: Trinidad Case Study.
ProBoost has been used in over 20 oil fields and 12 formations in the U.S. and abroad since its introduction in late 2011. Over 60% of all oil resources worldwide are heavy oil, but currently only five percent of the world’s heavy oil is being produced due to production challenges.
In a Trinidad field operated by Houston-based New Horizons Exploration, Inc., VeruTEK ProBoost chemistry injected in combination with a low-cost sand frac increased oil production over 700% and significantly decreased oil viscosity. Productivity gains continue 10 months after initial treatment.
“ProBoost has great potential to improve heavy oil recovery. Our return on investment in the first 10 months has been over 750%,” said Greg Boyles, CEO of New Horizons.
The results were validated by The Smart Pumper™, a precision pump controller and data acquisition system manufactured by Direct Drivehead, which provides unbiased automated pump speed control and production monitoring.
Separately, data collected from the McLouth formation in Kansas demonstrated an oil production improvement of greater than 500% following application of ProBoost. The treatment was completed in several hours, using only a pump truck to inject treatment fluids. Improved production results were seen within one day of the treatment, and production was monitored for an additional three weeks. Return on investment from this well treatment has been over 600% to date, and improved production is expected to continue for several months.
“VeruTEK’s unique ProBoost chemistry has achieved impressive production increases at lower cost and with much less infrastructure than alternative approaches. Technologies that can increase heavy oil production are experiencing strong demand as reserves of lighter, easier to produce oils diminish,” said VeruTEK CEO Dan Socci.
VeruTEK Technologies, Inc. (www.verutek.com)
VeruTEK is a high performance green chemistry company with new, field-proven approaches to solving difficult energy and environmental issues. VeruTEK’s technology platform addresses a broad range of applications including enhanced oil recovery and soil/groundwater remediation.
Direct DriveHead, Inc. (www.directdrivehead.com)
Headquartered in Houston, Texas, Direct DriveHead develops and manufactures The Smart Pumper, a precision pump controller and data acquisition system made in the USA.
ProBoost is a trademark of VeruTEK Technologies, Inc.
The Smart Pumper is a trademark of Direct DriveHead, Inc.
As seen in E&P Magazine
Surfactant-enhanced product recovery, an environmental remediation system, finds a potential new home in the EOR toolbox.
A new EOR approach using chemical systems originally deployed in environmental remediation is under evaluation by the Enhanced Oil Recovery Institute (EORI) at the University of Wyoming. The new chemical system combines plant-based surfactants, cosolvents, and low concentrations of peroxide to facilitate extraction by changing the surface properties of oils and detaching them from the soil matrix. While the chemical platform has been field-proven in remediation and near-field stimulation, the most promising application may be in chemical flooding.
The patented combination of surfactants and peroxide, known as surfactant-enhanced product recovery (SEPR), was developed to address creosote and coal tar contamination found at former gas works, wood treaters, and manufacturing sites. Traditional chemical approaches to cleaning up these sites included use of peroxide systems or surfactants separately, but a combined approach could not be achieved due to issues with surfactant stability. The new, more stable plantbased surfactant formulations and optimization of dosage and engineering design have allowed these chemicals to be combined in SEPR.
SEPR explained
Surfactant/co-solvent blends and peroxide aid extraction through separate synergistic mechanisms. When peroxide enters the subsurface it reacts with minerals and organic matter to generate oxygen. The mechanical mixing caused by gas bubbles aids release of nonaqueous-based oils from the soil, and free radicals generated as the peroxide reacts with iron in the subsurface begin to break chemical bonds holding the organic matrix together, resulting in reduced viscosity. Surfactant/co-solvent blends can be formulated to emulsify contaminants by matching the hydrophobicity of the surfactant blend to the chemical makeup of the contamination on site. Once the oil is detached from a soil or rock matrix in the SEPR process, it is easier to extract. In addition to emulsification and interaction with the oil, surfactants lower interfacial tension, aiding transport from soil pores and transport. SEPR uses a “huff and puff” method, where chemical is injected into the well using water to aid chemical distribution. The chemicals react with the oil surrounding the well, then the chemicals and oils are extracted through the same well. The radius of treatment increases over time as the chemicals introduce new pathways nd product is removed. read full text>>
The Annual Conference on Soils, Sediments, Water and Energy at the University of Massachusetts at Amherst is being held this week October 15th - October 18th.
This conference, presented by The Association for Environmental Health & Sciences Foundation, Inc. (AEHS) has become the preeminent national conference for this important environmental area. It attracts 600-800 attendees annually which includes a wide variety of representation from state and federal agencies; military; a number of industries including railroad, petroleum, transportation, utilities; the environmental engineering and consulting community; and academia.
On Tuesday, October 15th and Wednesday, October 16th the following poster presentations will be available for preview during the conference, and between the hours of 3:00pm - 6:00pm a VeruTEK representative will be available for discussion on the following soil and groundwater remediation topics.
Surfactant Enhanced Product Recovery (SEPR™) for Creosote Remediation
Surfactant-Enhanced In-Situ Chemical Oxidation (S-ISCO) for Remediation of Recalcitrant Environmental Contaminants
Technology Fusion for MGP Remediation: Surfactant Enhanced In-Situ Chemical
Oxidation, Pressure-Pulse Injections and Advanced Site Investigation
Innovative Green Chemistry Technologies for Remediation of Brownfields
Also, Verutek Technologies' George Hoag will be presenting "Novel Green-Synthesized Nano-iron Activator for Chemical Oxidation of Recalcitrant Environmental Contaminants" on Wednesday October 17th, Session 1: 1:30pm – 5:30pm, during the Sustainable Remediation platform.
link to conference info>>
Contact us to learn more about the presentations listed above
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Sector Leaders Agree to Introduce Powerwave-Delivered Gas Generating Chemical System
EDMONTON, ALBERTA--(Marketwire - July 23, 2012) - Wavefront Technology Solutions Inc., the global leader in fluid injection optimization for improved performance and profitability in the oil and gas and environmental sectors, is pleased to announce that it has executed a Memorandum of Understanding (MOU) with VeruTEK Technologies Inc. a U.S. based manufacturer of high performance, plant-based chemical solutions for the oil and gas and environmental sectors.
Wavefront and VeruTEK have demonstrated technological leadership in the energy and environmental remediation space by providing fluid delivery and chemical solutions which substantially improve permeability, fluid penetration depth, and fluid recovery from the reservoir. Wavefront and VeruTEK are now teaming to apply these technology platforms to enhanced oil recovery (EOR) and well stimulation approaches in heavy oil (cold and thermal applications); conventional; and tight reservoirs.
The use of VeruTEK GasGen(TM) environmentally-friendly fluids, delivered by Wavefront fluid pulsing, provides tremendous opportunity for improved production in many formations. The gas generation capability of VeruTEK chemistry is applicable to a broad range of brine concentrations due to the nonionic nature of the surfactant component and neutral range pH. The unique combination of in situ gas generation coupled with chemical treatment increases production through several mechanisms including addressing clays, blockages and increasing permeability.
Under the terms of the MOU VeruTEK may introduce Powerwave(TM) and Primawave( TM) as a highly differentiated alternative for injection and will provide assistance to Wavefront efforts to secure clients who use VeruTEK products and services. Wavefront may identify and engage prospects interested in a jointVeruTEK/Wavefront solution for enhanced oil recovery, well stimulation, and environmental applications. In the oil sector, Wavefront will resell co-branded VeruTEK products.
"VeruTEK has experienced excellent results working with Wavefront technology in remediation implementations and we look forward to partnering in oil and gas applications. The Wavefront dynamic injection approach is ideal for oil recovery revitalization, particularly when used with VeruTEK's innovative GasGen(TM) chemistry," said VeruTEK CEO Dan Socci.
"We are extremely pleased to have the opportunity to work with the team at VeruTEK, who are leaders in green chemical solutions," said Wavefront President and CEO Brett Davidson. "The MOU with VeruTEK forms part of the Company's strategy to leverage Powerwave and Primawave through strategic alliances in both the energy and environmental sectors. Wavefront is confident alliances willbring greater exposure to the field-proven technologies of both companies, as well as supplementary revenue streams," said Davidson.
ON BEHALF OF THE BOARD OF DIRECTORS
WAVEFRONT TECHNOLOGY SOLUTIONS INC.
D. Brad Paterson, CFO & Director
About Wavefront:
Wavefront is a technology based world leader in fluid injection technology for improved/enhanced oil recovery and groundwater restoration. Wavefront publicly trades on the TSX Venture Exchange under the symbol WEE and on the OTCQX under the symbol WFTSF. The Company's website is www.onthewavefront.com.
About VeruTEK Technologies, Inc. (www.verutek.com ):
VeruTEK(R) is a green chemistry company that provides high performing chemical solutions to the oil and gas and environmental industries. The company has developed and patented, innovative gas generating chemicals to enhance formation permeability and hydrocarbon recovery. The VeruTEK technology platform addresses a broad range of applications including production stimulation, Enhanced Oil Recovery (EOR) and environmental remediation. VeruTEK is publicly traded in the United States under the symbol VTKT.
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The University of Wyoming's Enhanced Oil Recovery Institute (EORI) will evaluate the potential of VeruTEK's Enhanced Oil Recovery (EOR) products for improving oil production in Wyoming formations.
The research project will consist of bench scale testing and is expected to lead to field pilots with oil producers within the state. VeruTEK and the Institute will report lab scale results during the University of Wyoming's annual IOR/EOR conference. Producers interested in participating in the field pilot phase should contact Glen Murrell at gmurrell@uwyo.edu
EORI director David Mohrbacher expressed enthusiasm for the start of the project. "EORI's mission is to evaluate emerging technologies, such as VeruTEK's new gas generating chemicals, for use by Wyoming producers. We look forward to providing our consortium of area producers with reliable data relevant to the application of this technology at our September IOR/EOR conference."
VeruTEK oilfield chemicals combine plant-based solvents, nonionic surfactants and an innovative EOR Activator™ that generates heat and gas in place. These specialized chemical blends provide a higher performing and more broadly applicable alternative to harsh solvents, acids or caustics currently used in oil fields for drilling mud clean out; wellbore and near-field damage removal including clays, paraffins and asphaltenes; and advanced jetting and stimulation techniques.
VeruTEK CEO Dan Socci stated, "VeruTEK EOR fluids have improved production in multiple reservoirs in the Southwest and Midwest. We are very pleased to work with EORI and its world-renowned research team to demonstrate how our chemistry successfully addresses production impediments specific to Wyoming producers."
VeruTEK, an Environmental Remediation and Enhanced Oil Recovery Chemistry Provider, to Webcast Presentation at Ardour Capital Energy Technology Conference Friday, June 8th @ 12:15 PM ET
New York, NY and Bloomfield, CT, June 1, 2012 – VeruTEK® Technologies, Inc.
(OTC Pink: VTKT), a developer and manufacturer of patented Green Chemistry solutions for environmental remediation and Enhanced Oil Recovery (EOR) applications announced today that its CEO Dan Socci will present at the 10th Annual Ardour Capital Energy Technology Conference on Friday, June 8th at 12:15 pm ET. The presentation will be webcast live and available online for replay.
Mr. Socci will also be available for one-on-one meetings earlier in the day. The conference, which is for institutional clients of Ardour, is being held in New York, NY.
Webcast Live/Replay: http://wsw.com/webcast/ardour3/vtkt
Presentation Slides: http://www.verutek.com/investors
About Ardour Capital Investments, LLC (www.ardourcapital.com)
Ardour Capital is a New York City-based, full service investment banking and brokerage firm and founder of the Ardour Global Alternative Energy Indexes, a family of pure-play alternative energy indexes. Ardour is focused on small capitalization growth companies in the Clean and Renewable Technologies, Alternative Energy and Power, and Energy Technology sectors. Its services include corporate finance, business strategy, equity research, investment banking, raising capital, corporate branding, trading, and brokerage.
About VeruTEK Technologies, Inc. (www.verutek.com)
VeruTEK is a green chemistry company with a new, field-proven approach to addressing difficult environmental issues. The company has developed innovative, patented, time-controlled chemistry to deliver safe, high performing and lower cost solutions. VeruTEK's technology platform addresses a broad range of applications including soil/groundwater remediation and enhanced oil recovery as well as industrial cleaning products for surface cleanup of oil spills and PCB contamination. VeruTEK is publicly traded under the symbol “VTKT.”
Investors:
Catalyst Global
David Collins, Antonia Trigiani
212 924 9800
vtkt@catalyst-ir.com
Media/Company:
VeruTEK Technologies, Inc.
Elizabeth Powers Trupp
631 875 8753
ept@icsnetsys.com
Verutek to present 4 posters on Surfactant Enhanced Chemical Oxidation. Come meet us at Booth 702. May 21–24, 2012 Monterey, California
More than 1,500 scientists, engineers, regulators, and other environmental professionals representing universities, government site management and regulatory agencies, and R&D and manufacturing firms from around the world are expected to attend.
Link to conference details >>
VeruTEK Technologies was an Executive Forum sponsor for the Green California Summit on April 26 & 27. VeruTEK CEO, Dan Socci and Morgan Jenkins, Business Development represented VeruTEK at the 2012 Green California Summit and Exposition in Sacramento, CA.
VeruTEK exhibited at the exposition and introducing attendees to our innovative, green environmental remediation technology. We also met with government and industry leaders to learn about the environmental priorities in California and to discuss how VeruTEK’s unique approach could play a roll in remediation needs. A clear priority of VeruTEK is to extend the reach of our solutions by forging new partnerships with environmental consulting firms who can utilize our chemistries in their projects.
This year’s theme is “Building a Green Future for the Golden State.” The goal of the Summit is to assure the environmental policies that have been enacted by the California government are well understood and that the various participants in the state’s green “ecosystem” are aware of what others are doing.
Click here to learn more! http://www.green-technology.org/gcsummit/index.html