Matt Nerbonne of Tycoon Energy, Inc. confirms discovery of crude oil using 3-D Hydrocarbon Imaging

1
Matt Nerbonne of Tycoon Energy, Inc. confirms
discovery of crude oil using 3-D Hydrocarbon
Imaging
(1888PressRelease) The President and CEO of
Tycoon Energy, Inc., Matt Nerbonne, confirms the
discovery of crude oil after drilling second well
over a mile into the earth near the town of
Plains, Texas, USA. Dallas, TX - Tycoon Energy,
Inc. (TYCOON) an independent producer of crude
oil and natural gas drilled a second well well in
Yoakum County, Texas. The logs revealed high
concentrations of crude oil with presence of
natural gas. The company is planning on
increasing the number of wells in the area with
added new vertical and horizontal drills to
expand and develop its current leaseholds.
Production rates are being held by the company as
it looks to acquire additional acreage to further
its development in the area. Use of 3-D
Hydrocarbon Imaging brought georadiometric
technology into the cutting edge of identifying
and quantifying oil reservoirs and reserves with
sophisticated field equipment and software
integration abilities that aided the company to
locate its oil and gas leasehold reserves.
Hydrocarbon Imaging rivals conventional seismic
and downhole logging via a surface survey of the
"radiation footprint" of a given area of
geography. This technology goes beyond
conventional techniques in both arenas of cost
and reserve identification and has been leveraged
to meet the needs of the industry. TYCOON is now
making use of 3-D Hydrocarbon Imaging to other
industry operators to help identifying and
quantifying oil reservoirs. Typically at one
tenth the cost of other conventional
technologies. http//www.tycoonenergy.com Source
http//www.1888pressrelease.com/matt-nerbonne/ty
coon-energy/matt-nerbonne-of-tycoon-energy-inc-con
firms-discovery-of-c-pr-387638.html