SUGAR LAND, Texas, April 29, 2013 /PRNewswire/ -- Skye Petroleum,
Inc. (Pink Sheets: SKPO), ("Skye" or the "company") is pleased to
announce that Hoover Oil Field Supply in Clarendon, PA is offering the company's
primary chemical technology, Skye Chem Wax Dispersant-Ready to Use
(WD-RTU), to its customers in the northwest and central
Pennsylvania region. Hoover
is a well-known supplier in the region and has been pleased with
the responses they are receiving from customers who purchased
Skye's technology.
The Skye Chem WD-RTU technology is able to function in multiple
ways in the fight against constant paraffin problems. Skye
believes its proprietary technology will make life easier for
operators who continue to struggle with paraffin in the well bore,
perforations, tubing, pumps, rods, flow line and tank
bottoms. Charles Grisham of
the Thompson Pump Shop in Vivian,
Louisiana reports, "In my 34 years of oilfield experience, I
have never seen an oilfield chemical that works as well as Skye's
WD-RTU. It not only penetrates the paraffin, it keeps it in
solution from down hole all the way to the refinery. It
cleans the rods and tubing and will control tank bottoms, if
regularly used in the system. This will allow the producers
to avoid stripping and steaming jobs, saving time and money, and
possibly avoid any EPA situation."
Also, Skye continues to test oil wells in new areas of the
United States. In Illinois, Bob
Johnson, an operator in Crawford
County, stimulated two (2) different wells in December 2012 with 10 gallons of WD-RTU, followed
by 10 barrels of stock crude oil. After allowing the wells to
stand for 8 days, he began pumping again. In the first well,
daily production increased from 1 barrel a day to 3 barrels per
day, while the second well had a greater result, increasing from ¾
barrel per day to 4 barrels per day. He was exceedingly
pleased with the resulting financial gain and has recommended it to
other operators in the area. New supplies of WD-RTU were
shipped to Illinois last week.
Skye has seen the strongest increase in interest in its
technology on a wider scale than at any time in its history.
Due to the increase in demand for its chemical technology and
further study of its oil and gas leases in northwest Pennsylvania, Skye has determined that
drilling oil wells in this region would not offer the best overall
return by continuing to operate its oil wells or drill new
wells. Skye has sold three (3) of its leases for cash, plus a
1% overriding royalty interest. Skye is currently negotiating
to sell the balance of its leases in order to focus its entire
effort on sales and distribution of its chemical technologies.
Please visit the company web site, www.skyepetroleum.com or
contact Buck Eaton, COO, at
Office@skyepetroleum.com or 281-265-1199. Skye Petroleum,
Inc. is a publicly traded corporation, listed on the "OTC Pink
Current Information" tier on the OTC Markets Group, Inc. electronic
quotation venue, under the trading symbol SKPO.
SOURCE Skye Petroleum, Inc.