DESCRIPTION OF THE PROJECT
The increasing demand in industrial and emerging countries leads to a shortage of oil and rising prices on the oil market. Using innovative pumping technology as well as a special oil-production technology with so-called “water flooding”, Helena Energy is able to exploit oil reserves that are difficult to access with unprecedented efficiency. In the oil-production areas in Texas, Helena Energy LLC plans to produce around 3.9 million of altogether 20 million ascertained barrels of oil by the year 2022. Through investments in the oil sector, profits significantly above the level of interest rates on the capital market are to be expected.
The oil-production areas Big Wells (San Miguel) and Big Wells (Lo East) are located in Dimmit County, south of the geographic center of Texas, with its south-western corner bordering on Mexico. The size of the oil-production area is 3,648 acres. In this area, Helena Energy LLC has the right to produce oil and to market it.
When exploiting the oil deposits in the production areas, the so-called “water flooding” is used. The innovative pumping technology is especially well suited for horizontal drilling and enables an efficient extraction of oil that has never before been known. While conventional feed pumps show decreasing production rates over time, the yield can be significantly improved using the “High Angle Lift Solution”. During the “water flooding”, water is injected into the well. Due to the high pressure and the fact that water has a higher density than oil, the oil is pressed towards the nearest well.