“Money-saving techniques are going to be critical for people who want to take advantage of energy reserves on their properties, leases or land,” said Ervin Kraemer, co-founder of PetroLocate. “This product identifies whether or not it’s even reasonable to drill and does so at a fraction of the cost of traditional exploration methods.”
PetroLocate manufactures and distributes the PL14 Seismoelectric Exploration System. It works by imaging resistive liquid (oil, gas or water) through detection of disturbances in magnetic fields that displaced fluids create after receiving a seismic shot. Kraemer, who designed the newest version of the system invented by Dr. Clarke and Millar of the UL, says that typically the application of the technology is more important to land and lease owners than the science behind it.
“It’s used on just about any size of land and leaves a very light footprint. The landowner says, ‘You can do the testing, but don’t do any damage to my property.’ With the PL14, we can do that. It doesn’t need large tracts of cleared land to image deep oil and natural gas plays,” Kramer says.
Even though most upstream activity is on hiatus until the price of oil increases, the cost-saving nature of the PL14 has Kraemer seeing an uptick in demand.
“We’re actually getting more interest in our technology now that prices are down because it’s one of the only truly affordable exploration techniques that’s viable; it’s the only one that makes sense.”
The PL14 will be on display in Booth #900 at the 2015 Ark-La-Tex Oilfield Expo, April 1-2, 2015 at the Shreveport Convention Center in Shreveport, LA. Oil and gas professionals can pre-register to attend for free by going to Attend.ArkLaTexOilfieldExpo.com
Show hours are 9 am to 6 pm, Wednesday, April 1st and 9 am to 1 pm, Thursday, April 2nd.