MEOR / MIOR is proven to produce incremental oil. Production declines can be halted, decreases in oil / water ratios can be achieved, and significant increases in oil production from single wells and entire oil fields can be gained . Wel-Prep™ was commercially viable with oil above $20/barrel. Independent producers and oil field service companies found Wel-Prep Oil Recovery Fluid to be a stable, environmentally friendly and easy to use treatment fluid. Incremental oil production from multiple field trials demonstrated net positive treatment cost vs. payout ratios.
Multiple tax advantages at the local, state and Federal level are applicable to qualified tertiary recovery projects. This creates additional incentives for independent and major oil producers to use Wel-Prep Oil Recovery Fluid in their MEOR / MIOR programs.