General Environmental Management (GEM) has signed an exclusive marketing agreement with Earthsonics for down hole stimulation of oil and gas production using a combination of PetroMax and sonic stimulation.
The marketing agreement gives GEM exclusive rights to use the sonication process in California and non-exclusive rights throughout the US.
The business model includes a monthly lease rate for the sonication equipment and a fee for the PetroMax system or a sharing in the increased production revenue. Tests supervised by the Department of Energy show that the Earthsonics process can stimulate production by up to 25% per well.
Timothy Koziol, CEO of GEM, said: “This agreement represents a significant stride forward in the company’s effort to bring new technology to the energy market. Furthermore, it extends our service to the oil and gas industry to encompass the whole production process from well site to waste disposal.”
Doug Edwards, chief strategy officer of GEM, said: “Sonic stimulation is a process that takes low frequency sound energy and combines it with our PetroMax solution to increase the flow rate from existing production wells.”
Earlier this year, GEM acquired marketing rights to PetroMax, a patented series of water-based chemicals and various application processes that are combined to shear hydrocarbons from surfaces to which they are tightly attached. PetroMax is now used for oil tank clean outs through GEM’s Santa Paula facility, Southern California Waste Water.