General Environmental Management, Inc. (GEVI.OB) Partners with Earthsonics to Offer Revolutionary New PetroMax/Sonication Process for Stimulating Oil Wells
General Environmental Management, Inc., www.generalenvironmental.com – the environmental services provider which also owns and operates Southern California Waste Water (SCWW) www.scww.com, recently announced the signing of an exclusive marketing agreement with Earthsonics to utilize PetroMax and sonic stimulation in oil and gas production.
CEO of GEVI, Timothy J. Koziol, called this agreement a huge stride forward for bringing alternative technology to the market, noting that it also signifies exciting new oil and gas industry penetration by the company and effectively extends their activities throughout the entire production process, from the well site to waste disposal.
CSO of GEVI, Doug Edwards, took a moment to detail the Sonication and PetroMax methodology, noting that the combination of low frequency sound energy in conjunction with the PetroMax solution was able to cause hydrocarbon molecules from deep within the earth to detach, resulting in greater productivity.
The first commercial application of this technology, which is based on breakthroughs made by the US Navy, will be at sites in Illinois and Texas this month, with a California well site slated for later in the summer.
A monthly leasing fee for sonication equipment, and fees for the PetroMax solution (or a share in increased production revenue), are contained in the business model, and the marketing agreement gives the Company exclusive use of the process in CA, as well as nationwide non-exclusive rights.
Dept. of Energy testing indicates that the Earthsonics process can liberate as much as 25% more oil per well. If these first commercial applications go well, it will place GEVI at the forefront of a bold new frontier in the oil and gas sector.
The Company acquired marketing rights to PetroMax earlier this year. PetroMax is a proprietary solution designed to shear hydrocarbons away from attachment constraints, and can be used in wells, or for cleaning out oil tanks, as the Company currently does at its SCWW Santa Paula facility.
Edwards commented on the revolutionary efficacy of PetroMax, recounting how he has seen the thicket of oil sludge in the bottom of a tank become “instantly fluidized”, and indicated his excitement at seeing the product at work down in the well.
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