OIL AND GAS WELL SLOTTING PERFORATION TECHNOLOGY PROFESSIONAL SERVICE

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INVESTMENTS IN RECOMPLETION OF OIL WELLS WITH SPT

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The fall in oil prices in 2015 severely affected the Oil and Gas Industry, but investments in oil business have not ceased to be profitable.

 

With oil prices fell prices on a land and low-productivity wells. Also fell prices for the services.

 

Currently is possible to buy low productive well for $ 50,000-$ 60,000, and for owners of low productive wells full recompletion (including all the necessary services) for increase the productive inflow from 0-5 bbl./day to 25-35 bbl./day (for example) will cost $ 100,000-$ 150,000 (meaning recompletion with Slotting Perforation Technology (SPT).

 

Invested funds are returned in less than a year, but then the well begins to make a profit during 10-15 years.

 

The table below clearly shows all calculations for investments and profit. Table has a range for oil prices $ 10-$ 50 per bbl., and possible getting productive inflows from 10 bbl./day to 50 bbl./day.

 

Consider the averagedexample. Assume that the price of oil $ 30 per bbl.

 

Assume that you have invested money in the amount $ 100,000 in recompletion of low productive oil well with Slotting Perforation Technology (SPT), and after that you got productive inflow 30 bbl./day.

As can clearly see from the detailed Enhance Oil Recovery (EOR) with Slotting Perforation Technology Project, minimum investment in recompletion one low-productive oil well (0-1 bbl./day) are $ 200 thousand dollars. For example, for Louisiana project, the minimum recommended number of recompletion low-productive oil wells is 3-5, so minimum investment  is $ 1 million dollars. Maximum investment is limited only by opportunities of Maxxwell Production. 

 

From the statistics low-productive oil well (0-1 bbl/day) after EOR SPT begins to give 25-30 bbl./day (sometimes 50-70 bbl./day). Payback period (when investor gets his money back)  is usually 6-8 month, after which the average annual profit is $ 600 thousand dollars and more from each oil well every year (profit is shared with the project organizer). The effect usually lasts 10-15 years.

 

The well can be continued operate and receive annual profit, but it is possible to sell quickly and profitably ($ 1-1.5 million dollars), and invest money from the next EOR SPT low-productive oil well with a repetition of the process.

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