Brian Bentley

Sandy, UT (USA)
Role(s):
Other

Stranded Oil Asset Recovery, LLC

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Location: Stambaugh
Industry: Energy
Year Founded: 2013
Number Employees: 1-10 people
Business Stage: Creation/Idea
Entity Type: Limited Liability Company
Description: Stranded Oil Asset Recovery, LLC (SOAR) is commercializing a novel method of Enhanced Oil Recovery that revitalizes production of depleted oil fields, doubling recoverable crude oil reserves. 75% of the world’s proven oil reserves are stranded underground after conventional extraction is complete.  Currently, the best method for increasing crude oil production after conventional methods is to flood the reservoir with CO2 gas.  The problem is that sources of CO2 are very limited, and the pipeline infrastructure needed to transport CO2 gas makes the method viable only for very large oil reservoirs.  The SOAR process utilizes a mobile gas producing unit, producing exhaust gas directly at the wellhead for Enhanced Oil Recovery. This method makes gas flooding economically viable for thousands of oil fields, effectively capturing hundreds of millions of barrels of stranded crude oil.