Point of View - Cano targets EOR potential in US mature fields

03/28/2005
Mature fields in Texas and Oklahoma still contain significant production potential, according to Jeff Johnson, chairman and chief executive officer of Cano Petroleum Inc., a Fort Worth independent producer that became a public company in June 2004.To exploit this potential, Cano has acquired three properties in Oklahoma and recently signed a letter of intent to acquire 11,000 acres of mature oil fields in central Texas. Johnson said two of the fields in Oklahoma, as well as the one in Texas, are prime candidates for enhanced oil recovery (EOR) through alkaline-surfactant-polymer (ASP) flooding.Johnson added that Cano's "focus on mature fields with proven reserves significantly reduces...
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