Going Back To the Well

Terzo, Gerelyn
January 2006
Investment Dealers' Digest;1/9/2006, Vol. 72 Issue 1, p10
Trade Publication
The article presents information on the U.S. crude and oil price regulations. Money is flowing into the enhanced oil recovery (EOR) business, which involves coaxing the more difficult to recover oil reserves out of the soil. The U.S. Department of Energy estimates that stranded resources represent 377 billion barrels of oil, and although Energy and Petroleum companies have improved their recovery rates-they typically expect to produce 70 million barrels of oil from a 100-million barrel field versus 20-25 percent recovery rates years ago.


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