Energy & Mining International - Fall/Winter 2012 - (Page 136)

E M I Z A R G O N O I L A N D G A S LT D . CAN ADA FA L L / W I N T E R 2 0 1 2 Getting the Most Return Wringing more oil out of wells no longer in fulltime production is the specialty of Calgary-based Zargon Oil and Gas Ltd. Zargon Oil and Gas says its enhanced methods can yield more out of wells thought to be empty.. • Calgary “One of the major issues of these projects is making sure that you’ve got the right reservoir and that you understand it.” // CRAIG HANSEN, president and CEO as it can – which may be only 15 percent of the total oil in the well – it moves on to the next gusher. But Zargon is betting that at least another 12 percent of the oil in that well can be obtained using enhanced oil recovery (EOR) methods. “During its lifetime, an oil well will go through a number of depletion processes,” explains Rob Moriyama, vice president of enhanced recovery. “Initially in our area, natural reservoir pressure drives oil to a producing well. Before that pressure becomes depleted, water injectors are installed to displace the oil to the production wells.” When water injection no longer yields economic oil rates, most companies abandon the well, but before this happens, Zargon plans to inject water with a detergent to flush out the oil that was [ BY RUSS GAGER ] other sandwich, maybe more. But they left behind, in what is known in the busiSome people throw out the mayonneed time and different tools to do the job. ness as an Alkaline-Surfactant-Polymer naise jar when they can’t scoop any more That, basically, is what Zargon Oil and flood, or ASP. “We’ll be injecting chemiout of it. Other people will take a knife and Gas Ltd. is doing with oil wells. Once a cals in a very diluted state into the reserpainstakingly scrape the jar’s sides and big company has obtained as much oil voir and cleansing the reservoir to get enough mayonnaise for at least anout of a well using conventional methods recover additional oil,” President and CEO Craig Hansen states. “This is all PROFILE about improved recovery methods. Zargon Oil and Gas Ltd.. | Headquarters: Calgary | Enterprise value: $360 million “The oil in place is well-defined,” Canadian | Market capitalization: $265 million Canadian | Employees: 60 | Specialty: Oil recovery Hansen adds. “We recover 40 to 50 per136

Table of Contents for the Digital Edition of Energy & Mining International - Fall/Winter 2012

Energy & Mining International - Fall/Winter 2012
Guiding Voice
Worldwide Presence
Digging South of the Border
Honoring the Best
The Williston Basin
Whiting Petroleum Corp.
Breitling Oil and Gas
HDC Development Cos.
Aspen Air U.S. Corp.
Synergy Resources Corp.
Advanced Engineering and Environmental Services Inc.
Enviro Shield Products Inc.
Savage Services
T&R Transport
Boyd and Sons Construction
Roers Construction Inc. – Roers West LLC
J. Koski Co.
Pat’s Offroad Inc.
Tollberg Homes
Wildcat Minerals
Environmental Materials Inc. and Warren Transport Inc.
Borsheim Crane Service Inc.
Central Machining and Pump Repair
Hive Built Homes – Hive Modular
Jericho Services
Kuntz Builders Inc.
MT Rigmat LLC
Steffes Corporation
Wells Concrete
Annabelle Homes - Bakken Shale
Oil Pipeline Blues
Canada Focus
Orbite Aluminae Inc.
New Millennium Corp.
Dynacorp Fabricators Inc.
PCL Contractors
Colter Energy Services Inc.
Zargon Oil and Gas Ltd.
Prodigy Gold Inc.
Rambler Metals and Mining PLC
Innovator Industrial Services
TWD Technologies
Veresen Inc.
Columbus Castings
Comstock Mining Inc.
MS Energy Services
White Star Pump Co.
Golden Queen Mining Co. Ltd.
Pershing Gold
Summit Casing Equipment
Black Hawk Energy Services
Timberline Drilling Inc.
Butch’s Rat Hole and Anchor Service Inc.
Calfrac Well Services
Geoprobe Systems®
Pacific Energy Development
Crocodile Gold Corp.
Gold Standard Ventures Corp.
GreenHunter Water LLC
Preferred Sands
Romarco Minerals Inc.
The Final Shot

Energy & Mining International - Fall/Winter 2012