General Environmental Management Announces New Process to Stimulate Oil Production
May 06 2010 - 12:48PM
Business Wire
General Environmental Management (OTCBB: GEVI) announces today
that it has signed an exclusive marketing agreement with
Earthsonics for down hole stimulation of oil and gas production
using a combination of PetroMax and sonic stimulation.
“This agreement represents a significant stride forward in the
company’s effort to bring new technology to the energy market,”
said GEM’s CEO, Timothy J. Koziol. “Furthermore, it extends our
service to the oil and gas industry to encompass the whole
production process from well site to waste disposal.”
Doug Edwards, GEM’s Chief Strategy Officer, explained the
process, “Sonic stimulation is a process that takes low frequency
sound energy and combines it with our PetroMax solution to increase
the flow rate from existing production wells.”
“Sonication stimulates the PetroMax chemical and process to
detach hydrocarbon molecules from the depth of the earth, enabling
them to be recovered by well pumps. The technology borrows from
advances made by the US Navy to make reality from what had
previously been only hoped for,” continued Edwards.
“Our first commercial applications will take place this month in
Illinois and then in Texas. We also have a California well site
that will be stimulated this summer," added Edwards.
The business model includes a monthly lease rate for the
sonication equipment and a fee for the PetroMax solution or a
sharing in the increased production revenue. Tests supervised by
the Department of Energy show that the Earthsonics process can
stimulate production by up to 25% per well.
The marketing agreement gives GEM exclusive rights to use the
sonication process in California and non-exclusive rights
throughout the United States.
“This is the first commercial application combining these new
technologies,” notes Koziol. “If it performs as hoped, GEM will be
at the forefront in using new technology in the oil and gas
exploration industry.”
Earlier this year, GEM acquired marketing rights to PetroMax, a
patented series of water-based chemicals and various application
processes that are combined to shear hydrocarbons from surfaces to
which they are tightly attached. PetroMax is now used for oil tank
clean outs through GEM's Santa Paula facility, Southern California
Waste Water.
“I have witnessed the thickest of oily sludge in tank bottoms
become instantly fluidized,” said Edwards. “We are very excited at
the prospect that we will be able to replicate down hole what we
are accomplishing today in tank bottom cleanouts.”
About General Environmental Management, Inc.
General Environmental Management, Inc. (www.go-gem.com) owns and
operates a non-hazardous wastewater treatment facility, Southern
California Waste Water (www.scww.com), in Santa Paula, Calif., as
well as provides various environmental services and solutions. GEM
is headquartered in Pomona, California.
FORWARD-LOOKING STATEMENTS
This press release may include "forward-looking statements"
within the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended. All statements, other than statements of historical facts,
included in this press release that address activities, events or
development that the company expects, believes or anticipates will
or may occur in the future are forward-looking statements. These
statements are subject to a number of assumptions, risks and
uncertainties, many of which are beyond the control of the Company,
which may cause the Company's actual results to differ materially
from those implied or expressed by the forward-looking statements.
The Company assumes no duty whatsoever to update these
forward-looking statements or to conform them to future events or
developments.
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