Infinity Energy Resources, Inc. Enters Research Agreement with Tertiary Oil Recovery Program at the University of Kansas
May 12, 2021 at 08:00 am
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Infinity Energy Resources, Inc. has entered into an agreement with the Tertiary Oil Recovery Program at the University of Kansas to evaluate its prolific reserve potential relative to its recently acquired 11,000-acre oil & gas properties in the Otis/Albert Field located on the Kansas Central Uplift (the “Acquired Oil & Gas Properties”). The TORP Program at the University of Kansas, under the directorship of Reza Barati (Associate Professor of Petroleum Engineering), was established by Professor Don Greene and Paul Willhite in 1974 and designed to provide technical assistance to Kansas oil & gas producers in applying enhanced tertiary recovery methods for Kansas oil and gas fields. Under the Agreement, TORP will be evaluating the potential reserves and the use of enhanced recovery methods on the Reagan Sand Zone located on the Acquired Oil & Gas Properties in the Otis & Albert Field at an approximate depth of 3,600 feet including secondary zones, and other potential hydrocarbon deposits, from a report finalized by Schlumberger in 2018. TORP will evaluate both current and new engineering methods of Estimated Ultimate Recovery (“EUR “) through modeling and experimental processes, identified by the Schlumberger report and various publicly available databases. TORP is recognized internationally for their state-of-the-art equipment, lab facilities, field equipment, outreach/tech-transfer, and technical support. Infinity’s purchase of the Acquired Oil & Gas Properties included more than 10 square miles of 3D seismic, compiled with multiple logs, drilling data, and reports. The existing datasets will provide valuable information for completion of the TORP evaluation. According to data maintained by the Kansas Geological Survey (“KGS”), the Otis/Albert Field to-date has produced primarily the Reagan Sand Zone with the following reservoir characteristics: Cumulative oil production: 16 million barrels of oil, Cumulative natural gas production: 180 billion cubic feet, Average Reagan Sand Zone Depth: 3,600 feet, Average Reagan Sand Zone thickness: 0 to 90 feet.
American Noble Gas, Inc. is engaged in the business of exploring and developing areas that contain noble gas and rare earth mineral reserves, in addition to the exploration and development of traditional oil and gas. The Companyâs Central Kansas Uplift Properties include the production and mineral rights/leasehold for oil and gas properties, subject to overriding royalties to third parties, covering over 11,000 contiguous acres. Its properties include a horizontal producing well, horizontal saltwater injection well, conventional saltwater disposal well, and two conventional vertical producing wells, which produce oil from the Reagan Sand zone at an approximate depth of 3,600 feet. It also has an oil and gas interest in the Hugoton Gas Field, located in Haskell and Finney Counties, Kansas. It also assessed various opportunities and strategic alternatives involving the acquisition, exploration and development of oil and gas oil producing properties in the United States.