Description This is a gas lift company with new, revolutionary patent pending technology. Company began marketing a full line of gas lift valve products in 2009. Included in their product offering is a new proprietary gas lift valve that uses a unique, new technology developed from years of research and experience in this industry. The new gas lift redirects injected gas upwards rather than the traditional ƒ?downward pressureeƒ? so that flow impeding eddies are not formed. This relieves the formation from injection pressures thereby eliminating major heading problems while simulating a well flowing on its own. The reduction in opposing pressures reduces costs by saving on the life of the whole system from the compressor to the separator. The result is reduced production costs and increased overall oil production.
In 2010, the company began testing their new gas lift in earnest with numerous wells owned by some of the major oil producers in the world. The result ƒ? substantial increases in overall oil production in all these test cases. Production increases have been at least 10% in every well, but in several wells, production increased by over 40%. One welllƒ?s production was up by 100%. By the end of 2010, quarterly gross revenue has reached $300,000. 2011 has started quickly with eight (8) new wells committed to using the new valve lift.
The owners wish to sell the valve lift company with the new patented product. Their desire is to recoup a multiple on their investment (excess of $1 million) and continue to run the company for a new majority owner while maintaining some ownership or profit sharing arrangement so that they may profit from what they believe will be significant future growth. Owners believe in order to fully penetrate the market and maintain patent protection, their company will need substantial financial backing from a larger entity. Contact for more information on this gas lift company for sale.
