Jennifer Pallanich, senior technology editor, Hart Energy: Getting oil out of the ground is no easy feat, and operators tend to rely on EOR to enhance their recovery factor. One company is using micro oil droplets to get that stuck oil out of the reservoir. Find out more in this tech trends with me, Jennifer Pallanich.
Kenneth Gerbino, founder and chairman, Titan Oil Recovery: Sixty-five percent of the world's oil is trapped in reservoirs. It's either stuck to the side of the pore spaces or it's a big globule. What our technology does is create micro-oil droplets using the biology of the reservoir. Think of a large beach ball that's covered with tar and you're trying to push it over your rug in your living room with a hose. Well, it's going to go very slowly, but if you can break that down into little tiny b-bs that are still the same texture, it'll go a lot faster. So the relative permeability of the oil droplets decrease.
We have a very wide sweet spot for API, temperature and salinity. Probably about half the oil fields in the world will be perfect for the Titan process or organic oil recovery. We've been on 63 oil fields and we've been on five continents with over 350 well applications, 280 of them to injection wells, and the average increase in production is over 90%. We think that we've changed the industry, but they haven't found out about it yet, but the engineers will be finding out about it soon.
JP: Learn about the latest tech trends at hartenergy.com/ep.
Recommended Reading
After BKV’s IPO, Is Market Open to More Public SMID Caps?
2024-10-03 - The market for new E&P and energy IPOs has been tepid since the COVID-19 pandemic. But investor appetite is growing for new small- and mid-sized energy IPOs, says Citigroup Managing Director Dylan Tornay.
Quantum’s VanLoh: New ‘Wave’ of Private Equity Investment Unlikely
2024-10-10 - Private equity titan Wil VanLoh, founder of Quantum Capital Group, shares his perspective on the dearth of oil and gas exploration, family office and private equity funding limitations and where M&A is headed next.
Sheffield: E&Ps’ Capital Starvation Not All Bad, But M&A Needs Work
2024-10-04 - Bryan Sheffield, managing partner of Formentera Partners and founder of Parsley Energy, discussed E&P capital, M&A barriers and how longer laterals could spur a “growth mode” at Hart Energy’s Energy Capital Conference.
Exclusive: How E&Ps Yearning Capital can Stand Out to Family Offices
2024-10-15 - 3P Energy Capital’s Founder and Managing Partner Christina Kitchens shares insight on the “educational process” of operators looking at opportunities in the U.S. and how E&Ps looking for capital can interest family offices, in this Hart Energy Exclusive interview.
No Rush: Post-M&A Frenzy, Divestiture Market to Pick Up by 2025
2024-10-07 - Lenders with a variety of capital structures are poised to fund the upcoming portfolio rationalization in the post-consolidation era, bankers and deal advisers said at Hart Energy’s Energy Capital Conference.
Comments
Add new comment
This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.