SOURCE: USA Superior Energy Holdings
Bateman Oil Field Paraffin Control Tests Indicate Total Oil Production Could Increase Over 2000 Barrels per Month
HOUSTON, TX--(Marketwire - November 20, 2007) - USA Superior Energy Holdings, Inc. (
Paraffin is detrimental to oil production. Paraffin can clog up the oil
formation thereby reducing oil flow into the well bore and it clogs the
pumps in the well bore causing excessive expenses. Prior to USA Superior
Energy Holdings, Inc. acquiring the field, paraffin was not controlled and
was allowed to buildup in the formation across the field.
Seven wells were treated for paraffin with a proprietary mixture of a
solvent and paraffin mobilizer. Prior to the treatment, these wells had a 5
to 10 percent oil cut. Percentage of oil cut increased between 200 and 400
percent in the wells and there remained 200 percent more oil 4 weeks after
the treatment. Payout of the cost of treatment of a well is less than 2
weeks. Now that a program of paraffin treatment has been developed and
tested at the Bateman Field, treatment on the remaining 81 wells between
the Bateman and Dale McBride Field can begin. USA Superior's field manager
believes that field production can be over 2,000 barrels of oil per month
after all the wells have been treated for paraffin control.
Oil prices per barrel are at their near historic highs. With oil above $85
a barrel, margins have increased significantly for the oil recovery and oil
well enhancement business that USA Superior Energy Holdings, Inc.
specializes in.
The company plans to provide additional updates on the Bateman Field, the
Dale McBride field, the "Rust Lease" in Zavalla County, TX, the Shallow
Benton project, and any additional lease projects in the near term.
For more information please visit www.USA-Superior.com.
ABOUT USA SUPERIOR ENERGY HOLDINGS, INC.
USA Superior Energy Holdings, Inc. is a company with excellent potential
focusing on applying new technologies to oil and gas fields as well as
other industries. USA Superior is composed of a team of experts in their
field, highly qualified with over 200 man-years of oil and gas field
experience; from finding to drilling, well completion to operations and
production, to problem solving, seasoned with success. Environmentally
concerned and responsible, responsive to project needs and specializing in
special projects, USA Superior Energy's focus has been on developing and
utilizing complimentary technologies; Nitrogen (N2) and cased hole
horizontal drilling. USA Superior will seek to use these technologies
independently or in combination to exploit business opportunities.
Nitrogen (N2) is used to force oil out of reservoirs. It can be applied to
existing reservoirs and wellbores, thus minimizing the risk of finding oil
and gas. Cased Hole Horizontal Drilling (CHHD) is a new emerging
technology that can significantly increase the "communication" from the
wellbore to the fluids in the reservoir. With the current price
environment, many existing marginal wells can be rejuvenated into very
profitable wells.
This news release contains "forward-looking statements," as that term is
defined in Section 27A of the United States Securities Act of 1933 and
Section 21E of the Securities Exchange Act of 1934. Statements in this
press release which are not purely historical are forward-looking
statements and include any statements regarding beliefs, plans,
expectations or intentions regarding the future. Actual results could
differ from those projected in any forward-looking statements due to
numerous factors. These forward-looking statements are made as of the date
of this news release, and the company assumes no obligation to update the
forward-looking statements, or to update the reasons why actual results
could differ from those projected in the forward-looking statements.
Although we believe that the beliefs, plans, expectations and intentions
contained in this press release are reasonable, there can be no assurance
that such beliefs, plans, expectations or intentions will prove to be
accurate. Investors should consult all of the information set forth herein
and should also refer to the risk factors disclosure outlined in our recent
current reports on Form 8-K, our annual report on Form 10-KSB, our
quarterly reports on Form 10-QSB and other periodic and current reports
filed from time-to-time with the Securities and Exchange Commission.
