Wavefront Technology Solutions, Inc., with the advisory of Roger Kazanowski, reports positive Powerwave results from a Michigan CO2 flood operational from October 2009, using Core Energy.
Powerwave is a patented system employed by the company in extracting oil from oil fields that are already in existence, eliminating the need to create new oil fields, thus increasing oil production while helping protect the environment. The goal of the Michigan Powerwave project was to provide broader distribution of CO2, allowing for more effective oil recovery. Production data from first quarter of 2010 reports that the production date has increased by 45.99 barrels of oil per day (bopd) to 84.13 bopd, which translates to 120.6 percent more than the pre-Powerwave baseline production.
Roger Kazanowski, who serves as consultant to Wavefront Technology’s President and advisor to the company’s senior management team and Board of Directors, is pleased about this impressive production increase. He further reports that production decline rate has decreased significantly, from a pre-Powerwave rate of 6.1 percent per month, to a rate of 2.0 percent per month using Powerwave.
Brett Davidson, CEO and President of Wavefront Technology says that Powerwave’s track record of positive results is becoming well-known in the industry, and that they are “pleased to see the reduced needs for incentives and inducements to entice prospective clients to deploy Powerwave.” He adds, “Wavefront will continue to leverage strong Powerwave results generated in multiple locations to advance market penetration with producers who have a focus on maximizing reserves and asset value.”