Test results show that the Airlift Pumping System increases uptime and reduces costs for marginal and intermediate well owners.
March 16, 2004 (Press Release) --
ANDERSON, INDIANA, March 11, 2004-AIRLIFT Services International (ASI), makers of the patented Airlift Pumping Systems that pump oil using compressed air, released the results of an initial study today. According to President Dr. John Marvel, "The results have shown what I knew all along, which is that the Airlift Pump increases uptime and reduces costs for owners of marginal and intermediate wells."
The data of the initial study, compiled by an independent consultant, shows that the Airlift system performed as follows:
Percent of downtime: 1.7%
Average number of days between failures: 146
Average number of days down per failure: 2.5
The tests were conducted on four wells with an average 800 ft. depth, located in the "Trenton" formation in Northern Indiana. The Airlift Systems used in the test were generation 3.1 models and have a cumulative testing time of over 583 days. Previous models of the Airlift Pumping System have been in use in wells in Indiana since 1999.
According to Dr. Marvel, "I am very pleased with these results. On my own field, I have had a well with about 15% downtime when producing with the pump jack. The increased uptime I realize with the Airlift pumping the product really adds to my bottom line!"
In addition to the traditional pump jack's significant amount of downtime, it also has higher maintenance costs in parts and labor than the Airlift system. "The Airlift has almost no moving parts. It has no cups, rods, or bearings - so there is a lot less to replace and this shows up in the very low average number of days down," said Dr. Marvel.
ASI (www.airliftservices.com) now has testing sites in Indiana and Illinois with more planned for the future. According to Dr. Marvel, "We are going to continue to test in different environments and depths as we develop a pump that can work in deeper wells." The next testing phase will be conducted at the 3,000 ft. depth.
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Airlift Services International, Inc. (ASI), an Indiana-based oil service company, has developed a pumping system that pumps oil using compressed air. The Airlift Pumping System will increase profits for owners of marginal and intermediate wells by reducing maintenance costs and increasing efficiency. For more information about the Airlift Pumping System, you can visit the corporate web site at http://www.airliftservices.com.
The data of the initial study, compiled by an independent consultant, shows that the Airlift system performed as follows:
Percent of downtime: 1.7%
Average number of days between failures: 146
Average number of days down per failure: 2.5
The tests were conducted on four wells with an average 800 ft. depth, located in the "Trenton" formation in Northern Indiana. The Airlift Systems used in the test were generation 3.1 models and have a cumulative testing time of over 583 days. Previous models of the Airlift Pumping System have been in use in wells in Indiana since 1999.
According to Dr. Marvel, "I am very pleased with these results. On my own field, I have had a well with about 15% downtime when producing with the pump jack. The increased uptime I realize with the Airlift pumping the product really adds to my bottom line!"
In addition to the traditional pump jack's significant amount of downtime, it also has higher maintenance costs in parts and labor than the Airlift system. "The Airlift has almost no moving parts. It has no cups, rods, or bearings - so there is a lot less to replace and this shows up in the very low average number of days down," said Dr. Marvel.
ASI (www.airliftservices.com) now has testing sites in Indiana and Illinois with more planned for the future. According to Dr. Marvel, "We are going to continue to test in different environments and depths as we develop a pump that can work in deeper wells." The next testing phase will be conducted at the 3,000 ft. depth.
-30-
Airlift Services International, Inc. (ASI), an Indiana-based oil service company, has developed a pumping system that pumps oil using compressed air. The Airlift Pumping System will increase profits for owners of marginal and intermediate wells by reducing maintenance costs and increasing efficiency. For more information about the Airlift Pumping System, you can visit the corporate web site at http://www.airliftservices.com.
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