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CALGARY, July 16 /CNW/ - Global Energy Services Ltd. ("the Company") (GLK
- TSX Venture), is pleased to announce the commencement of a pilot project
with a major Barnett Shale producer for the deployment of Global's patented
hydraulic submersible pump.
The pilot project is fully funded by the Barnett Shale producer, which
operates a substantial number of wells in the field. The pilot project will
utilize an enhanced version of Global's patented hydraulic submersible pump to
dewater the horizontal section of the gas wells. To date, the Barnett Shale
operator has not been able to identify a suitable technology to effectively
dewater the maturing low-pressure Barnett Shale wells. Finding an effective
solution is critical for Barnett Shale producers as this can increase daily
gas volumes and potentially add recoverable reserves.
Some experts have suggested the Barnett Shale may be the largest onshore
natural gas field in the United States. The field is proven to have
2.5 trillion cubic feet (59 km(3)) of natural gas, and is widely estimated to
contain as much as 30 trillion cubic feet (8.5x10(11) m(3)) of natural gas
resources. Over 5,500 wells are in operation and many more are being drilled.
"We are excited to work with our client on this Barnett Shale project as
it poses a significant opportunity for both Global Energy Services and our
client," said Farhan Farshori, Vice President, Corporate Development.
"Additionally, our patented hydraulic submersible pump is well suited for
other shale applications in the United States: New Albany Shale, Fayetteville
Shale, and Devonian-Ohio Shale."
About Global Energy Services Ltd.
Global Energy Services Ltd. is an innovative oilfield service company
that provides production services and communications solutions to the oil and
gas industry. The production services segment utilizes its patented Activator
hydraulic submersible pump to enhance gas production in conventional gas and
coalbed methane wells. Global's communications segment provides a complete
suite of integrated products and solutions specifically suited for the oil and
gas industry. Global was founded in 1994 and is listed on the TSX-V.
More information about Global Energy Services can be found at
The TSX Venture Exchange does not accept responsibility for the adequacy
or accuracy of this release.
For further information:
For further information: Contact Global Energy Services Ltd.: Derek
Begin, President and CEO, Global Energy Services Ltd., Tel: (403) 243-0820,
Email: email@example.com; Farhan Farshori, Vice President, Corporate
Development, Global Energy Services Ltd., Tel: (403) 243-0820, Email: