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Latest Enhanced oil recovery Stories

2012-09-17 02:29:17

EAST HANOVER, N.J., Sept. 17, 2012 /PRNewswire/ -- Unity Management Group (OTC Pink: UYMG), a business resource and service company, is pleased to announce its wholly owned subsidiary, On Track Technology Solutions Inc. (OTT), mobilizes equipment to prepare for a new drill on its property. OTT is pleased to announce that based on Geological information obtained they hope to test a new drill up to 3000 feet. "We hope to test our first new drill on our own property up to 3000 feet," said...

2012-09-06 02:25:46

EAST HANOVER, N.J., Sept. 6, 2012 /PRNewswire/ -- Unity Management Group (OTC Pink: UYMG), a business resource and service company, is pleased to announce its wholly owned subsidiary, On Track Technology Solutions Inc. (OTT), has entered into negotiations for a production acquisition, that includes 29 wells, and approximately $1,057,000.00 in Gross revenue per year and net $600,000.00 annually. This lease has several new drill sites, and carries a high quality of oil. This lease...

2012-09-04 02:32:59

EAST HANOVER, N.J., Sept. 4, 2012 /PRNewswire/ -- Unity Management Group (OTC Pink: UYMG), a business resource and service company, is pleased to announce its wholly owned subsidiary, On Track Technology Solutions Inc. (OTT), and their consulting firms have entered into a farm out agreement to begin work to establish production on a group of contiguous leases in Navarro County. There are approximately 52 wellbores with 6 being State approved injection wells; wellbores identified at the Texas...

2012-08-27 02:22:19

EAST HANOVER, N.J., Aug. 27, 2012 /PRNewswire/ -- Unity Management Group (OTC Pink: UYMG), a business resource and service company, is pleased to announce its wholly owned subsidiary, On Track Technology Solutions Inc.(OTT), has successfully completed its prototype pumping system, which is known as the NG Pumping System. OTT has been working diligently with its engineers to complete the NG Pumping System prototype on time and on schedule. The NG Pumping System is a green energy...

2012-08-26 02:20:06

BEIJING, Aug. 26, 2012 /PRNewswire-Asia-FirstCall/ -- China Petroleum & Chemical Corporation ("Sinopec" or "the Company") (CH?600028?HKEX?386?NYSE: SNP?LSE: SNP) today announced its interim results for the six months ended 30 June 2012. Financial Highlights: In accordance with the PRC Accounting Standards for Business Enterprises ("ASBE"), in the first half of 2012, the Company's turnover and other operating revenues was RMB1,348.1 billion, up 9.3% over the first half of 2011. Net...

2012-08-10 02:20:47

CALGARY, Aug. 10, 2012 /PRNewswire/ - PENN WEST PETROLEUM LTD. (TSX: PWT) (NYSE: PWE) ("PENN WEST") is pleased to announce its results for the second quarter ended June 30, 2012 ------------------------------ The broad deployment of horizontal multi-stage fracture technology into primary development, secondary recovery, and exploration gives Penn West one of the largest inventories of low-risk light-oil projects in North America. Through active portfolio management, we...

2012-08-08 02:23:31

EAST HANOVER, N.J., Aug. 8, 2012 /PRNewswire/ -- Unity Management Group (PINKSHEETS: UYMG), a business resource and service company, announced today that On Track Technology and their consulting firms have negotiated a farm out of 2 continuous leases (with UYMG ), which have 28 wellbores identified at the Texas Railroad Commission as lease numbers 01759 and 01388. The leases have 1 wellbore already approved as an injection well by the Railroad Commission of Texas. For the past several...

2012-08-07 06:21:41

HOUSTON, Aug. 7, 2012 /PRNewswire/ - Enhanced Oil Resources Inc. (TSX.V: EOR; OTCQX: EORIF) (the "Company") is pleased to provide the following update regarding the Company's operations for August. As previously reported, the Company's primary goals for 2012 are to add production and reserves through infill drilling at the Milnesand oil field, located in Roosevelt County, New Mexico, to evaluate the Chaveroo oil field for potential infill drilling and to further the planning and...

2012-08-03 01:12:30

Researchers have taken a new look at an old, but seldom-used technique developed by the petroleum industry to recover oil, and learned more about why it works, how it could be improved, and how it might be able to make a comeback not only in oil recovery but also environmental cleanup. The technology, called "microbial enhanced oil recovery," was first developed decades ago, but oil drillers largely lost interest in it due to its cost, inconsistent results and a poor understanding of what...

2012-07-24 02:23:59

SAN FRANCISCO, July 24, 2012 /PRNewswire/ -- Merriman Capital, Inc., a wholly owned subsidiary of Merriman Holdings, Inc. (OTCQX: MERR), today announced that it will serve as the Principal American Liaison (PAL) for Enhanced Oil Resources Inc. (TSXV: EOR; OTCQX: EORIF) as it begins trading on OTCQX(®). (Logo: http://photos.prnewswire.com/prnh/20100914/SF64919LOGO) Enhanced Oil Resources is an oil and gas development company, with a principal goal of increasing crude oil and...