United Heritage Announces A-S-P Flood in Val Verde Basin
CLEBURNE, Tex., Aug. 12 /PRNewswire/ -- United Heritage Corporation (Nasdaq: UHCP) announced today that construction of the company's pilot plant has been completed and field engineers from Surtek, Inc. and Harbor Operating are continuing the Alkaline-Surfactant-Polymer (A-S-P) flood in the company's pilot wells in the Val Verde Basin of south Texas.
"We are very excited to have reached this important milestone of the pilot program," said Walter Mize, president and chief executive officer of United Heritage. "Our field engineers have been working very closely with Surtek to ensure that the A-S-P method of recovery is properly implemented. The water flood portion of the pilot was very satisfactory."
The pilot program, consisting of four injector and nine producing oil wells, will provide estimated full scale results of the A-S-P technique for this field. Surtek, Inc., of Golden, CO, has developed and tested a specific recovery plan in their laboratory using computer models and actual oil, water and core samples from the United Heritage field.
Surtek's experience in other fields, and the results of the laboratory testing from the United Heritage field, indicate that the A-S-P method has the potential to allow a higher percentage of recoverability than with other methods available. Surtek's A-S-P technology has been used successfully in many fields, including the West Kiehl Field and Cambridge Field in the Powder River Basin in Wyoming and in the Daqing Field of the People's Republic of China, which is one of the largest oil fields in the world.
Barring unforeseen circumstances, total yield from the pilot is projected to be 30,000 to 35,000 barrels of oil. The gross pilot area covers only 2.066 acres out of the estimated 9,600 productive acres. It is anticipated that the pilot program will progress to the point that the company's reserves will be classified as proven, undeveloped for financial disclosure purposes.
Based in Cleburne, Texas, United Heritage is an oil and gas exploration company with 10,500 leasehold acres in the Val Verde Basin of south Texas. The original oil-in-place in those leases was first estimated by J.R. Butler and Co., independent oil and gas consultants in Houston, Texas, to be 168 million barrels of crude oil in the upper zones alone, only 300 feet from the surface. Independent engineering studies by Surtek indicate that the A-S-P flood method of recovery can produce an estimated 60% of the oil-in-place, or more than 100 million barrels.
Note: News releases and other information about United Heritage can be accessed at unitedheritagecorp.com or through ctaonline.com on the Internet.
SOURCE United Heritage Corporation
CO: United Heritage Corporation; Surtek, Inc.
ST: Texas
IN: OIL
SU:
08/12/98 07:13 EDT prnewswire.com
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