(24) MATURE ASSETS IN THE PERMIAN BASIN SHOW SIGNIFICANT PRODUCTION INCREASES WITH PLUNGER LIFT

There are thousands of marginal wells in the Permian Basin with potential to produce significantly more oil and gas with the assistance of plunger lift.  Working with multiple operators in the Permian Basin, PLSI has installed plunger lift systems in these type wells and realized significant increases in oil and gas production.  The common characteristic is fluid downhole which never makes it to the surface production facilities.  This fluid loads up the wellbore downhole which increases hydrostatic back pressure on the formation that holds back production.  By installing a plunger lift system, we have seen wells that were producing a few barrels of fluid per day double oil or gas production. This paper will present production data from operators showing increases in production and revenue with minimum expense that resulted in significant increases in net operating income.