Wavefront Technology Solutions: Difference between revisions

Revision as of 13:28, 19 April 2011

Revision as of 18:59, 11 August 2011

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[[Image:Powerwave Tool.jpg|right|thumb|300px|Powerwave tool today – only one meter high]]

In the ten plus years that the technology behind Powerwave has been developed by Wavefront Technologies and Environmental Services, it has evolved from a product that cost nearly $1 to make and had to be transported using two tractor trailers to one that can be shipped via [[courier]].<ref name=Shudder/> The Powerwave tool now is only one [[meter]] high and eight [[centimeters]] in diameter. Wavefront Technology Solutions Inc. leases the product to oil companies and charges around $3,000 a month for a minimum 12-month period.<ref name=Shudder/>

Powerwave’s ability to improve uniformity in oil wells has translated to higher production rates, extending the life of a field, and enhancing its value.<ref name=Revenue/> In Texas, one recent field trial raised production rates from eight wells by 26%. A similar project in Alberta, Canada initially raised output by 18%.<ref name=Revenue/>