U.S. Crude International Inc. To Venture with West Virginia Oil Producer.Business Editors REDLANDS, Calif.--(BUSINESS WIRE)--Oct. 10, 2002 United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. Crude International Inc. (USCU USCU University of South Carolina Union (since 1965; Union, South Carolina) ) today announced that the company is entering into a venture with Allied Energy Corp., a West Virginia West Virginia, E central state of the United States. It is bordered by Pennsylvania and Maryland (N), Virginia (E and S), and Kentucky and, across the Ohio R., Ohio (W). Facts and Figures Area, 24,181 sq mi (62,629 sq km). Pop. oil and gas company, to produce oil from orphaned, low producing and stripper wells in the state. Allied Energy currently has 119 wells in the region and is a well-respected oil and gas producer with an excellent reputation with local and state officials. Allied CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. Jon M. Makeever's goal is to be selective and acquire many of the best available wells in the state to harvest significant oil remaining in formations even after prior production efforts. Makeever noted: "There is as much as 80% to 90% of the original oil and gas left in these formations by the previous owners. Many of the wells were abandoned when oil prices fell to historically low levels. At today's prices, these wells can be extremely profitable. "Adding steam and gas injection to the equation provides energy to the oil wells, bringing them back to life, which results in profitable oil production." USCU President, Anthony K. Miller, commented: "This is a tremendous opportunity for both companies. Our technology provides the means for Allied to produce their oil and also provides USCU with another market for its technology. USCU will also share in revenue produced by the joint recovery efforts. As greater milestones are met during this relationship, those details will be released." The Company United States Crude International is an oil technology and production company with more than hundreds of fully equipped oil and natural gas wells. In addition, USCR USCR United States Committee for Refugees will market patented and patent-pending technologies used to rekindle re·kin·dle tr.v. re·kin·dled, re·kin·dling, re·kin·dles 1. To relight (a fire). 2. To revive or renew: rekindled an old interest in the sciences. marginally producing wells to profitable levels. The company holds the license and the rights to market the TM-96 Series Portable Steam Generators, the TM-98 Portable Gas Repressurizing System and the TM-9 Deep Steam System. These units, used separately or in conjunction with each other, provide pressure needed to drive oil through a ground formation and improve the free flow of crude oil. Although major oil companies have used steam and gas technologies for years, the Years, The the seven decades of Eleanor Pargiter’s life. [Br. Lit.: Benét, 1109] See : Time TM series technologies provide a portability and low cost of operation not previously available. For more information visit the company's Web site at www.uscrude.com. |
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