New Technology for Shallow Oil and Gas Production
XON Energy is Implementing New Technology to Enhance Production
We are in the process of using a New Patented Oil Technologies, that we have been researching and monitoring for the last two years. These have been proven to work with our Shallow Oil Wells – which are wells that have less than 3,000 ft in depth.
Most of the 60 oil wells that XON owns are Shallow Oil Wells. In the USA there are more than 300,000 shallow oil wells which produce about 25% of the USA oil production.
Xon has researched these New American Technologies over the past couple of years and are excited about their results and cost advantages. The resourcefulness of these technologies will benefit the company in cost savings and they’re environmentally friendly. These new technologies will provide numerous advantages that will surpass the present out dated systems used with most oil operators.
Reducing Production Costs
This technology will reduce our lift cost per barrel substantially by:
- Reducing labour to remove or clean up of Sand and Paraffin.
- Diminishing expenses on down hole pumps, rods and tubing.
- Reducing time and work load to install down hole Pumps, Pump Jacks and heavy equipment.
- Saving time and expense in testing possibles of oil production for oil wells.