Imagine doubling light, tight oil productivity (and reserves basis)
World Energy Systems is a Texas-based technology developer of thermally enhanced oil recovery solutions for unconventional oil resources. The company and its stakeholders have invested over $15 M in the timely development of a 35-patent portfolio of methods and applications to apply sophisticated, production-enhancing recovery techniques to a spectrum of unconventional oil resources, from Light Tight Shale Oil in the Permian, Bakken, and other resource-rich plays, to deep Heavy Oil in California, Canada, West Texas, and throughout the Middle East
WES changes the character of the formation by effectively improving permeability and porosity through a combination of physical and chemical processes
Intellectual Property
The company’s patented and patent-pending solutions show promise to enhance oil recovery rates by as much 50-100% over conventional recovery techniques such as surface steam injection and hydraulic fracturing. World Energy Systems’ financial value proposition to oil and gas operators is four-fold:
INCREASED production
Recovery factors are enhanced as much as 50-100% (shale oil recovery of 5-10% of OOIP may double, for suitable reservoirs)
SUPERIOR ROI
Higher ultimate recovery rates translate to higher reserves, for a stronger balance sheet
faster pay-back
Enhanced oil production is brought forward earlier, for improved ROI (time-money cost)
LOWER OPERATING EXPENSE
Energy and heat losses are minimized for lower relative Lease Operating Expense (LOE)
Business Structures and Commercialization Options
WES is seeking commercial interest from prospective customers and industry parties to commercialize the EOR Systems, Processes, and Technologies under one or more flexible business arrangements. The range of development options includes Strategic Joint Venture Development; Sponsored, Turnkey Development; Managed Simulations & Testing of Method Suitability for Specific Resource; and Patent Portfolio Licensing.
WES Technology can be applied to economic recovery of unconventional hydrocarbons. Our extensive international portfolio of intellectual property will enable field owners and operators to monetize unconventional hydrocarbon assets that are presently stranded by presently available technology solutions.