Permian Basin Oil Producer Taps Powerwave Technology
Wavefront Technology Solutions announced that an integrated global oil producer will implement Powerwave in the Permian Basin in western Texas. Under the confidentiality terms of the agreement, the client name, exact field location, and number of tools being installed cannot be identified.
Production operations in this dolomite oil reservoir originated shortly after 1926 with field-wide waterflood operations commencing in the 1960s. Current production from the field approximates 17,000 barrels of oil per day with 736 water injection wells used in the secondary oil recovery process.
"We are very confident that Powerwave will generate the anticipated returns for the client leading to a larger field-wide roll out of the technology in the Permian Basin as well as other assets across the globe," said Wavefront President and CEO Brett Davidson. "The number of water injectors in this one location alone represents a significant opportunity for Wavefront and is indicative of Powerwave being recognized as a cost-effective means to increase both oil recovery rates and ultimate oil recovery factor."