| In the 1950s, drilling for hydrocarbons
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| | horizontal drilling, are penetrating
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| using traditional methods carried a 50/50
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| | zones that were previously considered
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| risk, and even "successful" wells (oil or
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| | unreachable. For example, EnerMax is
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| gas found) were often commercially
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| | scheduled to drill a well this summer in
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| impractical. That reality has changed
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| | a suburban neighborhood in Tarrant
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| over the past twenty years. Advancements
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| | County, Texas, where they plan to drill
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| in technology and geophysical studies
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| | in the prolific Barnett Shale to a depth
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| have transformed soft speculation into
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| | of 6,500 vertical feet and 2,400
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| real, hard science. The U.S. Department
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| | horizontal feet. The 2,400' horizontal
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| of Energy describes the recent triumphs
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| | leg will extend underneath nearby homes,
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| of the oil and gas industry as "logic
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| | allowing EnerMax to penetrate their
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| defying".It's not just about drilling
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| | target zone while leaving the
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| fewer dry holes. New methods are
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| | neighborhood undisturbed. EnerMax will
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| extending the life of wells, allowing
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| | apply advanced frac and completion
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| more reserves to be extracted and
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| | procedures to ensure the maximum recovery
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| boosting economic returns. As a result,
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| | of hydrocarbons.Technological advantages
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| much broader group of investors now has
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| | require significant financial resources.
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| access to oil and gas as a viable
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| | In 2004, EnerMax entered into an
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| investment option. I asked Bret L.
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| | agreement with American Energy Partners,
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| Boteler, President of EnerMax Inc., to
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| | Inc. (AEPI) to join them in their efforts
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| help me understand some of the principal
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| | to reprocess 3-D data concentrated
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| changes in today's oil and gas
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| | primarily along the Texas and Louisiana
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| industry.Since many of us know very
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| | Gulf Coast. Because unprocessed 3-D
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| little about the industry, I asked him to
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| | seismic information can contain shadows
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| start simple and work towards the more
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| | and misleading images caused by equipment
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| complex. Bret Boteler began by defining
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| | during the original recording, it is
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| his company's business for me in layman's
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| | necessary to filter the data for clearer
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| terms: "If someone asked me what we do,
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| | results. Geotrace Technologies, Inc., an
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| I'd say we're a joint venture manager. We
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| | industry leader in imaging and analyzing
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| put together joint ventures that develop,
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| | subsurface data, has been selected to
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| drill, and manage oil and gas drilling
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| | reprocess the data using advanced
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| programs."Bret Boteler began EnerMax out
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| | analysis techniques such as High
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| of his home office in 2001. Five years
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| | Frequency Imaging (TM) (HFI(R)),
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| later, Mr. Boteler and EnerMax occupy
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| | Frequency Absorption Response (FAR), and
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| over 3,400 square feet of office space
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| | Amplitude versus Offset Analysis (AVO).
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| where he enjoys the company of seven
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| | Even though the reprocessing carries a
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| employees. Last year marked the fourth
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| | significant price tag, it is well worth
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| straight year that Bret L. Boteler's
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| | the price when you consider the 20-30%
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| company has earned 50+% annual gains. Mr.
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| | increased success rate.When I asked Mr.
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| Boteler attributes EnerMax's substantial
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| | Boteler about difficulties facing the
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| growth and success to two things: his
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| | industry today, he told me that one of
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| talented, reliable staff and their use of
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| | the main issues is rig availability.
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| modern technology.Mr. Boteler described
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| | Recent hurricanes and tropical storms
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| for me the significant role that today's
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| | damaged drilling rigs and oil refineries
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| technology plays and the advantages won
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| | along the southern coast. The resulting
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| over methods twenty years ago. EnerMax
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| | reduction of oil and gas production in
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| Inc. participates in drilling wells
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| | the United States heightened the
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| discovered by reprocessed 3-D seismic
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| | disparity between supply and demand. Oil
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| data - a revolution in the drilling
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| | and gas companies are pushing to drill
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| business. Companies that choose drill
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| | more wells while commodities are high, so
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| sites based on reprocessed 3-D seismic
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| | there are times when a few months pass
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| data are 75-80% accurate on average, as
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| | while waiting for a rig to drill your
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| opposed to the 50-55% accuracy rate of
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| | well. Yet in the light of the
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| older, two-dimensional data that has not
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| | uncertainties oilmen faced in decades
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| been reprocessed. And according to
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| | past, Bret Boteler counts himself and his
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| Boteler, the majority of small,
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| | company very blessed.Daniel Dessinger is
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| independent oil and natural gas companies
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| | a writer in the Dallas / Fort Worth area.
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| still use the old-style data, thus
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| | He holds a Bachelor of Arts Degree in
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| falling under the 55% shadow.These
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| | English from Dallas Baptist University.
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| technologies also allow exploration
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| | In addition to his CultureFeast blog, he
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| companies to more accurately assess
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| | writes for various marketing firms,
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| potential reserves, helping them select
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| | corporations, and small businesses.
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| projects that fit a favorable risk/reward
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| | Daniel's writing services include SEO
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| profile. Some of the best projects
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| | friendly interactive press releases,
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| identified would have been condemned only
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| | search optimized website copy,
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| a few years ago due to accessibility
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| | industry-specific articles, creative ads,
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| barriers. However, advanced drilling
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| | copy editing, and online public relations
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| techniques in use today, such as
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| | consulting.
|
