Ameriwest Energy Corp. is a growing, revenue-positive energy company producing underdeveloped oil resources in the prolific Rocky Mountain region of the United States. The company is striking a strategic balance between low-risk tertiary recovery projects and extensively mapped exploration plays with significant upside potential. All projects incorporate considerable historical data and are in close proximity to excellent support infrastructure. Ameriwest Energy has become the operator of record for two of its properties and secured its first oil sale purchase agreement, achieving the status of revenue-generating oil producer.
Ameriwest’s tertiary recovery program includes lease options at South Glenrock “C” with its potentially recoverable 4.9 million barrels of oil (MMBO), the Burke Ranch field with a recovery potential of 2.4 MMBO, and Cole Creek field with a recovery potential of 4.3 million gross standard barrels of oil (MMSTB) from the Shannon Formation and 14.4 MMSTB from the Second Frontier, Dakota, and Lakota Formations.
The Company’s exploration program centers on the property at Skull Valley which has been reported by Exploration Technologies Inc. (ETI) to have geological and geochemical features similar to, and with possibly greater potential than, the nearby Grant Canyon field which has produced up to 30 million barrels of oil. Ameriwest is also pursuing primary production at the well-documented Geary Prospect in the Powder River Basin. Initial estimates indicate possible reserves of up to 3.15 MMBO at an averaged 175,000 gross barrels per well.
The Ameriwest Advantage
- Strategic combination of low-risk producing properties and high potential exploration plays
- Strong local partners including a team of expert landmen & field engineers
- Leveraging the expertise of the industry's best reservoir engineering firms: Ryder Scott LP and NITEC LLC
- Extensive EOR expertise
- Targeting an area with many overlooked opportunities
- The Rocky Mountain region is less competitive and less developed than Texas and Alberta
- Experienced, successful management
High oil prices, rising energy demand, tight supply, growing geopolitical tension, increased reliance on foreign oil and proven innovation in enhanced oil recovery technology have converged, making it profitable to develop the rich Rocky Mountain region’s estimated 34 billion barrels of original oil in place; 67% of which will remain stranded after primary and secondary oil recovery. Ameriwest Energy leverages extensive geologic acumen and deep expertise in tertiary oil recovery techniques to reinvigorate production in mature reservoirs, utilizing carbon dioxide flooding and 3-D seismic data to profitably develop oil stranded by primary and secondary extraction or overlooked by past exploration.
Ameriwest Energy is taking lessons learned from successful EOR projects in Texas, New Mexico and Alberta and applying them in new areas with similar geology and significant resource potential.
