User:Lettertotheeditor/Wavefront Technologies and Environmental Services

Wavefront Technologies and Environmental Services Inc.
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Company type	Public (TSX-V: WEE)
Industry	Petroleum industry
Founded	1997 by Brett Davidson
Headquarters	Edmonton, Alberta, CANADA
Area served	Worldwide
Products	Powerwave ; Primawave
Revenue	USD 1.53 Million (2007) [1]
Operating income	USD 7.252 Million (2007) [2]
Net income	USD 4.34 Million (2007) [3]
Number of employees	100 (2008)
Website	www.onthewavefront.com

Wavefront Technologies and Environmental Services (TSX-V: WEE) is one of the North America's largest providers of secondary oil recovery and environmental technologies. The company was founded in 1997 as PE-TECH by CEO Brett Davidson and University of Alberta professor Kim Stanos. ^[1] The company was later changed to Wavefront Technologies and Environmental Services and is best known for its patented technology that sends pulses through the ground to simulate the effects of the aftershock of an earthquake to aid in the recovery of stranded oil. These technologies simulate the beating of a heart - when a heart pumps, it sends pulses through the bodies blood vessels, causing the network of capillaries to expand and contract. When a pulse is applied to the ground, it expands and contracts the porous rock, essentially freeing the trapped oil. ^[2] This technology is used for fluid flow optimization having applications in both the environmental and energy sectors. In the environmental sector the process is marketed as Primawave, while in the energy sector it is marketed as Powerwave. ^[1]

Powerwave technology has been put to use in more than 175 well applications throughout North America, including applications in California, Oklahoma and Alberta.^[3] Powerwave has already been used in the field by EnCana, Penn West Energy Trust, Pengrowth Energy Trust, BP, Chevron and Apache Corporation, among others. It's also being marketed in the U.S. by Halliburton, the energy services giant. ^[4]

Wavefront Technologies and Environmental Services is headquartered in Edmonton, Alberta Canada and has offices in Calgary, Alberta and Cambridge, Ontario. The company also has an office in Cypress, Texas near Houston.

Technologies

Both the Powerwave and the Primawave share the same scientific principles. This technologies, originally penned as "Power Pulse Technology", uses pulses to improve liquid flow in the ground for improved oil recovery (IOR) and environmental groundwater remediation. This phenomena is necessary because of varying permeability in the soil and wellbore. These identical processes generate a fluid pulse that momentarily expands the pore structure of rock and soil. Liquid is then able to flow freely and more uniformly.

Old German Coca-Cola bottle opener

Powerwave

Primawave

History of the company

Overview of Wavefront Technologies and Environmental Services

Wavefront Energy and Environmental Services Inc., was founded in 1997 under the name PE-TECH Inc. (Pulse Enhancement Technology Inc.).^[1] PE-TECH, a privately held company holding intellectual property operated three subsidiaries; Prism Production Technologies Inc., Wavefront Environmental Technologies Inc., and E2 Solutions Inc. (US subsidiary standing for "Energy and Environmental")^[1]. In 2000 the shareholders of the privately held PE-TECH Inc., entered into an agreement with a publicly listed company (or in this case a shell of a company) on the TSX Venture Exchange. A reverse takeover of that entity transformed PE-TECH Inc., from a privately held company to a publicly traded company under the name Wavefront Energy and Environmental Services Inc. For consistency in name branding Prism Production Technologies was renamed Wavefront Reservoir Technologies Inc., Wavefront Environmental Technologies was rolled into Wavefront Reservoir Technologies Inc. and E2 Solutions Inc. was renamed Wavefront Energy and Environmental Services USA Inc.^[1]

Foundation of the Company

1997-1998 - PE-TECH Inc.

The basis for forming PE-TECH Inc. (Wavefront) in 1997 was to bring to market a game changing technology for the energy and environmental sectors. It was formed by technologist Brett Davidson and University of Alberta professor Kim Stanos. Professor Stanos had been working on the Pressure Pulse Technology in the lab for 16 years before teaming up with Davidson. They founded the company in 1997 and convinced oil producers to let them test in the field. PE-TECH Inc. secured a $416,000 grant and contributed an equal amount of their own money. The field test of the Pressure Pulse Technology increased the daily output of a declining reservoir from 120 to 220 barrels per day. ^[2]

Old German Coca-Cola bottle opener

The technology was originally penned “Pressure Pulse Technology”. The original intent of the developers of the technology was to license it to service companies such as Schlumberger Limited and Halliburton. That goal proved difficult in the early days of the Wavefront given there was limited field data and only an abundance of laboratory data coupled to a rigorous theory.

Pressure Pulse Technology

Pressure Pulse Technology is used both in the Powerwave and Primawave products. The Premier Pulse Tool (PPT) was developed by Davidson and Tim Spanos in 1997. Davidson was working on a fracture stimulation near Lloydminster in Alberta when he heard about the need for fast, effective, and most importantly, inexpensive stimulation treatment.