FalconRidge Oil Technologies is releasing products its management says could revolutionize the oil and gas industry when it comes to recovering product from dead wells.
The technology called Terra Slicing Technology (TST), provides an alternative to hydraulic fracturing. The company claims its TST can restore the capacity of a well to up to 80% of its original flow rate. Adding it is a safe, extremely accurate and reliable water jet cutting procedure.
This technology can be applied in almost all known environments–including onshore, offshore, vertical and horizontal formats.
The overall goal, according to FalconRidge CEO Mark Pellicane, is to shift the industry away from new drilling and towards increasing the efficiency of extraction in existing well-bores to increase overall recovery.
(Source: Oil Price.com)