|
PC Pump(TM) Increases Oil-Per-Day Volume
on Allenergy's Smith Lease Property in Kansas
COFFEYVILLE, Kan., Dec 08, 2006 /PRNewswire-FirstCall
via COMTEX/ -- Allenergy, Inc. (OTC: ALRY), with a
17-year history in the oil and gas industry and current
involvement in the multi-billion dollar natural gas
fields in Kansas and Oklahoma, announced today the
installation of the PC Pump(TM) that is designed to
displace approximately 700 barrels of fluid per day at
the Company's Smith Well.
"This system has replaced the conventional lifting
process that was initially installed and moved about 50
barrels of fluid per day," said Company President Larry
Sanford. "The Smith Well was drilled and completed in
the Arbuckle Formation that is typically known to
encounter a high saltwater-to-oil ratio," he added.
"The PC Pump(TM) will move a greater amount of fluid to
increase the oil-per-day volume," Sanford stated. "Since
this new lifting method has been installed the oil
production has increased by 60 percent in the early
stages of this process. The Company feels this
percentage should continue to increase with the rapid
depletion of water production."
As previously announced by Allenergy, the Smith Well
forms part of the Company's Smith Lease property,
containing 480 acres along with the Ferguson Properties.
The PC Pump(TM) technology continues to strengthen
Allenergy's existing properties and holdings in
Montgomery County, Southeastern Kansas.
For more information about the Company, please visit
http://www.allenergyinc.com
Allenergy, Inc.: 877-277-8171
SOURCE Allenergy, Inc.
CONTACT: Allenergy, Inc., +1-877-277-8171; Paul Knopick of E&E Communications,
+1-949-707-5365,
pknopick@eandecommunications.com, for Allenergy, Inc.
URL: http://www.allenergyinc.com
http://www.prnewswire.com
www.prnewswire.com
Copyright (C) 2006 PR Newswire. All rights reserved |