A West Texas operator wanted to utilize microbes as a tertiary form of enhanced oil recovery. Meanwhile, the produced water was experiencing oil-coated iron sulfide and calcium carbonate scale precipitation; causing poor water quality and injectors to plug.
The MEOR Production Chart shows a significant production response. The MEOR tax credit more than covered the JGL Microbe Treatment cost. Plus, the additional revenue of over $3.4MM in oil recovered resulted in a very successful and profitable MEOR project.
+ $3.4MM = approximate value of additional oil production
+ $300K = approximate tax credit \
< $200K = JGL Solutions Microbe Treatment cost to date