Galenfeha, Inc. (GLFH) Addresses Cost-Intensive Chemical Injection Programs through Release of Innovative iWaV System
With energy prices continuing to fall in recent months toward six-year lows, oil and gas exploration and production companies are scrambling to find cost savings in order to remain competitive. Throughout the first half of 2015, EOG Resources, Inc. (NYSE: EOG) shifted its focus toward capital efficiency in order to better position itself to be successful in a lower commodity price environment, and other major North American producers, such as Anadarko Petroleum Corp. (NYSE: APC) and Apache Corp. (NYSE: APA) highlighted similar strategies in their most recent financial updates.
Despite these efforts to cut costs, environmental pressures remain at an all-time high, forcing major players in the oil and gas industry to address current market conditions in a cost-effective, environmentally conscious manner. Galenfeha, Inc. (OTC: GLFH), through the recent release of its innovative iWaV system, is addressing this demand while potentially revolutionizing the oil and gas chemical injection marketplace.
In a conventional reservoir, oil producers can typically expect to extract approximately 15 percent of hydrocarbons through conventional recovery techniques, which leaves about 85 percent that can’t be recovered without the use of more complex recovery methods. Chemical injection is one of the three primary techniques used...
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Source: DreamTeamNetwork (Historical News Only as of July 22/16)
(September 30, 2015 - 9:30 AM EDT)
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