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ecorpStim expands range of waterless / chemical-free stimulation systems with latest innovation: “Light Alkanes Stimulation”

July 23, 2015 9:12 AM
Business Wire

HOUSTON–(BUSINESS WIRE)–eCORP Stimulation Technologies, LLC (“ecorpStim”), a subsidiary of eCORP International, LLC (“eCORP”), today announced plans to deliver a shale gas extraction technology which uses naturally occurring components in conventional and shale hydrocarbon production – a selection of low molecular weight alkanes or light alkanes1 – that are usually referred to as “baby oil” in common language.

These alkanes are non-flammable and completely safe: they are approved by the U.S. Food and Drug Administration for human ingestion and exposure. They also have no adverse impacts on the environment: they are non-ozone depleting and have zero global warming potential.

With Light Alkanes Stimulation (LAS), ecorpStim is going one step further in its constant search for health and environmental excellence in shale oil and gas extraction.

Patents are pending worldwide and ecorpStim is conducting further testing and experimentation of this technology in the United States in several basins this year

Just like propane in pure propane stimulation (PPS) developed by ecorpStim, light alkanes are a component of natural hydrocarbon production from shales and conventional reservoirs. Thus, as they are already present in the reservoir, using them as the stimulation fluid does not damage the reservoir rock, and therefore should allow increased production from the well compared with traditional hydraulic fracturing. Likewise, light alkanes can also be self-supplied from the reservoir being stimulated. Lastly, they can be recycled through the reservoir and recovered for further use, in the same way as for propane and heptafluoropropane (as in ecorpStim’s NFP stimulation).

Light Alkanes Stimulation (LAS) provides a greater flexibility (broad range of viscosity / density) which enables this new technology to be used in varied shale formations and operating conditions.

With Light Alkanes Stimulation (LAS), pure propane stimulation (PPS) and non-flammable propane stimulation (NFP), ecorpStim is now able to provide a full range of “green” stimulation systems using not a single drop of water and zero chemical additives, and which includes two non-flammable options.

Dr. John Thrash, eCORP’s CEO and Chairman, stated: “Light Alkanes Stimulation represents our greatest enhancement to non-aqueous alternatives to stimulating a shale reservoir. With this innovation, we are reaching the highest level of health and environmental safety. Light alkanes are used in personal care, pharma, bakery, food or agriculture. They also have no impact whatsoever on the ozone layer or on climate change and are completely biodegradable.

The option of Light Alkanes Stimulation marks a landmark development in the path for ‘ecological’ yet technically efficient and cost effective shale gas development. We intend to extend this design philosophy and demonstrate that we can achieve a dramatically reduced impact through the combination of our stimulation technologies with other innovations in drilling and exploration technologies that we are developing at eCORP.”

1 The term “low molecular weight alkanes” as used here refers to the subset of odorless colorless technical grade organic oils as described in the classifications and / or standards of U.S. Department of Agriculture, U.S. Occupational Safety and Health Administration, U.S. Food and Drug Administration, U.S. Pharmacopeial Convention, NF, BP, DAB, EuP, Japanese and other pharmacopoeias worldwide. Specifically excluded from this reference are other alkanes like natural gas, LPGs, and heavier alkanes which are often solids and possess different chemical characteristics.

About eCORP International, LLC – Founded in 1978, eCORP and its predecessor companies have extensive oil and gas experience including underground natural gas storage, natural gas transportation, enhanced oil recovery in conventional reservoirs using propane and butane, exploration for and production of conventional and unconventional (shale) reservoirs, electric power generation and marketing of electricity and gas. www.ecorpintl.com

About ecorpStim – ecorpStim (eCORP Stimulation Technologies, LLC) was created in 2012 to provide European countries as well as those with limited water resources, with alternatives to hydraulic fracturing, using not a single drop of water and no chemical additives. These technologies are based on pure home grade propane (in pure propane stimulation or PPS), on heptafluoropropane (in NFP stimulation) or on light alkanes (in LAS). In addition to being “green” technologies, ecorpStim stimulation systems are appealing to shale oil and gas operators who are looking to improve well production in a challenging economic environment. www.ecorpstim.com

This press release contains certain statements that constitute forward-looking statements under applicable securities legislation. All statements other than statements of historical fact are forward-looking statements. In some cases, forward-looking statements can be identified by terminology such as “may”, “will”, “should”, “expect”, “plan”, “anticipate”, “believe”, “estimate”, “predict”, “potential”, “continue”, or the negative of these terms or other comparable terminology. These statements are only as of the date of this document and we do not undertake to publicly update these forward looking statements except in accordance with applicable securities laws. Forward-looking statements are based on current expectations, estimates, projections and assumptions, which we believe are reasonable but which may prove to be incorrect and therefore such forward-looking statements should not be unduly relied upon. In addition to other factors and assumptions which may be identified in this document, assumptions have been made regarding, among other things: industry activity; the general stability of the economic and political environment; effect of market conditions on demand for the Company’s products and services; the ability to obtain qualified staff, equipment and services in a timely and cost efficient manner; the ability to operate its business in a safe, efficient and effective manner; the performance and characteristics of various business segments; the effect of current plans; the timing and costs of capital expenditures; future oil and natural gas prices; currency, exchange and interest rates; the regulatory framework regarding environmental matters in the jurisdictions in which the Company operates; and the ability of the Company to successfully market its products and services. Forward-looking statements are subject to a number of risks and uncertainties, which could cause actual results to differ materially from those anticipated. These risks and uncertainties include: fluctuating prices for crude oil and natural gas; changes in drilling activity; general global economic, political and business conditions; weather conditions; regulatory changes; the successful exploitation and integration of technology; customer acceptance of technology; success in obtaining issued patents; the potential development of competing technologies by market competitors; and availability of products, qualified personnel, manufacturing capacity and raw materials. In addition, actual results could differ materially from those anticipated in these forward-looking statements as a result of the risk factors set forth under the section entitled “Business Risks” in the Company’s MD&A.

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