Tool Creates Downhole Seismic Response That Could Reduce U.S. Dependence on Foreign...

Tool Creates Downhole Seismic Response That Could Reduce U.S. Dependence on
Foreign Oil
West Texas Operator Shows Promising Results that Technology can Improve Oil
Industry

PLANO, Texas, Feb. 13 /PRNewswire/ -- A West Texas Operator completed a
three-year study proving Applied Seismic Research's (ASR) Hydro-Impact(TM)
Technology tool significantly reduced the historical decline of oil production
in their Permian Basin field by at least 20%. For casual energy observers,
phrases like "reducing decline" are confusing and not overly impressive. More
simply put, this tool can shake loose more oil out of existing oil producing
fields. If the U.S. applied this tool to existing fields across our nation,
the result could reduce U.S. dependency on foreign oil.
"The unit decline rate improved from 14.3% during the pre-project
stabilization period (January 2003 - January 2005) to 11.9% since the start of
the seismic stimulation tools in February 2005 to date . . .," stated a West
Texas Operator in a September 5, 2007 letter to the Railroad Commission of
Texas.
ASR notes, what is equally remarkable is only two of our Hydro-Impact
tools were used to stimulate all 90 wells. ASR's tool accomplishes this by
sending out huge shockwaves, continuously, over a large area covering 100s of
acres.
"I commend Applied Seismic Research for their innovative technology
approach that could significantly impact key oil production operations in
Texas and elsewhere. Widespread use of the technology throughout the state
could potentially increase overall ultimate oil recovery in known reservoirs
across the State of Texas," said Texas Railroad Commissioner Victor Carrillo.
"Techniques to encourage responsible additional domestic exploration and
production are good for our state and nation."
Applied Seismic Research's Hydro-Impact(TM) Technology: The tool uses
seismic wave stimulation technology to shake loose oil trapped in wells. The
low-cost procedure was developed by Applied Seismic Research to enhance oil
recovery in mature oil fields, make it economically possible to increase the
yield of production by as much as 500% while at the same time lower water
production in currently producing oil fields. Last Fall, the Railroad
Commission of Texas certified Seismic Stimulation as an Enhanced Oil Recovery
process in a Permian Basin field project, making the project eligible for a
50% decrease in severance tax on production from this unit.
For more information, go to http://www.appliedseismicresearch.com.
SOURCE Applied Seismic Research

Lyndsay Pullen, +1-214-871-7723, lpullen@allynco.com, for Applied Seismic
Research