They have already validated "improvement over existing tech."
Maverick has started seeing oil production from Nano-Catholyte™ at a fraction of SAGD’s cost. Doug Humphreys said: “I’ve never seen an oil cut like this from my (heavy) oil field.” Doug decided to expand the test to his light oil well in Holdenville, OK.
The results convinced Doug Humphreys, CEO of Maverick Energy Services, to test Nano-Catholyte™ in his heavy oil wells. Maverick has used steam (SAGD) to produce oil from this field. SAGD is costly, energy intensive, and produces toxic wastewater. At low oil prices, SAGD was too costly.
Canadian oil companies use SAGD for their oil sands. As a result, Canada has struggled with over one trillion liters of toxic wastewater.
David Holcomb, Ph.D., President of Pentagon Technical Services, said: “Nano-Catholyte™ could change enhanced oil recovery around the world and eliminate toxic oils sands wastewater. It is so effective that the industry could re-open old, abandoned wells.”
The results from "improvement over existing tech."
As noted by Doug Humphries of Maverick Energy Services, “This technology has the potential to reduce costs, prolong the life of the well and shake up the multi-billion dollar oil industry.”
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