Tag: Conventional

China Facts Technologies Enhancement Constrained (CITD) and Xtreme Enterprise Enterprises (XBE) Drive Innovation with World’s Initially DOT Conventional 3+2 STO and NSTO

Amel
China Facts Technologies Enhancement Constrained (CITD) and Xtreme Enterprise Enterprises (XBE) Drive Innovation with World’s Initially DOT Conventional 3+2 STO and NSTO

HONG KONG, July 18, 2023 /PRNewswire/ — China Data Engineering Improvement Minimal (CITD) (HKEX: 8178), a top technological innovation firm specializing in AI and cloud technologies, together with Xtreme Company Enterprises (XBE), a pioneer in the industry of Internet 3 and blockchain assets, are proud to announce the summary of the prosperous start of the world’s 1st Electronic Ownership Token (DOT) Standard 3+2 Stability Token Providing (STO) and Non-Security Token Offering (NSTO). This ground-breaking collaboration signifies a major milestone in the development of Internet 5 and the evolution of blockchain assets.

Aligned with China’s 14th 5-Yr Prepare and Hong Kong’s eyesight of getting an international innovation and technological innovation hub, the federal government has introduced actions to foster the advancement of World-wide-web 3, blockchain belongings, and sensible town initiatives. The rising need for digital possession verification has paved the way for revolutionary remedies in the industry.

XBE, a leader in the industry, is happy to have introduced the DOT Regular 3+2 STO and NSTO, both of those leveraging on XBE’s proprietary DOT technology. This giving sets the stage for the potential enhancement of World-wide-web 5 and blockchain property, driving effectiveness and unlocking new economic choices in both the electronic and the physical worlds.

As opposed to typical electronic tokens, XBE’s innovative DOT employs blockchain know-how exclusively designed to authenticate legal files and smart contracts, offering legally enforceable ownership of tangible and intangible property through tokenization. The versatility of DOTs allows their application across several sectors, including intellectual house, real estate, memberships and substantially additional.

DOT Regular 3+2 STO supplies better certainty, efficiency and security

DOT Regular 3+2 STO uses the DOT common to history bond paperwork and corresponding sensible contracts into the Bond Security Token. As this sort of, the token by itself will become the stability – making it possible for token holders to instantly keep and handle their have assets, when improving the certainty, safety, effectiveness and transparency of protection tokens. DOT also eradicates the need to have for a third-bash custodian and intricate trust buildings to maintain on to the fundamental asset, mitigating challenges normally located in the traditional securities market.

XBE leverages DOT conventional STO to supply a much more innovative, economical, safe and price tag-successful alternative to bond offerings. In addition to using the DOT regular, 3+2 STO also consists of three specialist critiques (i.e. Protection Token, Authorized and Regulatory Critiques) and two viewpoints (i.e. Lawful and Regulatory Viewpoints) to offer bigger certainty and safety. DOT Common 3+2 STO thoroughly implements and adopts blockchain and good agreement systems. The obvious file of bond possession effectively protects the pursuits of traders, supplying a more secure, productive, transparent and ground breaking bond providing tactic for the money markets.

Dr. Herbert Lee, Founder and Chairman of Xtreme Small business Enterprises Confined (XBE), commented, “XBE is devoted to driving the advancement of Net 2 + Internet 3, blockchain property, and sensible town initiatives, synchronizing the long term development of Mainland China and Hong Kong

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Oklahoma Oil Expansion: Utilizing Unconventional Technology to Develop Conventional Targets

Amel
Oklahoma Oil Expansion: Utilizing Unconventional Technology to Develop Conventional Targets

Oklahoma’s Anadarko Basin, one of the world’s super basins, is currently known for horizontal drilling in the Woodford Shale, the principal source rock in the basin. However, above the Woodford, many attractive oil and gas reservoirs have been pursued with vertical technology over the past 100 years. As one of the deepest basins in the United States, with horizontal Woodford wells routinely drilled between 14,000 to 17,000 FT TVD, there is a lot of rock above the source in which hydrocarbons have accumulated.

Lynx Oklahoma Operating is focused on developing targets for horizontal drilling within and adjacent to existing legacy fields in the Anadarko Basin, specifically Caddo County, Oklahoma. After analyzing multiple targets in Caddo County, including the deep Woodford, Meramec, Springer, Red Fork and multiple Hoxbar reservoirs, Lynx decided to initiate its horizontal program targeting crude oil in the Hoxbar Marchand. The Hoxbar Marchand is a sandstone oil reservoir with a typical gravity of 42 to 48 degrees API at 9,500 FT to 10,500 FT TVD, historically developed utilizing conventional vertical technology since the mid-1960s.

Post frac cleanout and frac plug milling with 285K stand-alone snubbing unit on Lynx Sergeant Major 18-19-30-9-10 #1HXL.
Post frac cleanout and frac plug milling with 285K stand-alone snubbing unit on Lynx Sergeant Major 18-19-30-9-10 #1HXL.

Legacy vertical Hoxbar Marchand wells vary in performance. Many are marginal vertical producers and vertical wells drilled but never completed for various reasons, including reservoir properties deemed commercially unproductive, commodity prices and operator challenges. Lynx’s Chief Executive Officer Nelson Bolen states, “These variables provide an attractive dynamic when analyzing conventional reservoirs for modern horizontal unconventional development, as the vertical penetrations provide a detailed subsurface database, showcase producibility, but leave most of the oil behind.” Although vertical Hoxbar Marchand development was in thicker, clean sandstones and thinner, dirtier sandstones, prospects in the thinner, dirtier rock were often not developed beyond the first few wells. This provides an opportunity to add value utilizing modern unconventional technology on legacy conventional rock.

According to Al Warner, senior vice president of geology, “Lynx’s geological approach was to first construct a series of detailed cross sections wherein individual sandstone benches, generally 5’ to 25’ but, in some instances, up to 50’ were correlated. These individual benches were then mapped over their entire extent, providing targets that, in many cases, extend beyond the known limits of a given field or play. In a number of instances, this detailed ‘splitting’ of the sandstones included mapping and extending the shalier sandstones over broader areas which have proven commercially productive.”

Pumping long string cement job on Lynx Gunnery Sergeant 7-18-11-12 #1HXL.
Pumping long string cement job on Lynx Gunnery Sergeant 7-18-11-12 #1HXL.

When targeting sandstones, like the Hoxbar Marchand, the gamma ray log is not the gospel when identifying productive or nonproductive rock. Other factors must be considered during drilling to stay in the optimum interval. Hydrocarbon shows both gas and oil provide excellent evidence of potentially productive rock, but are not always easily identified, especially when drilling with weighted oil-based mud. Rate of penetration is another excellent leading indicator that is utilized during geosteering and for target changes.

Building a natural gas pipeline while milling frac plugs on Lynx Sergeant Major 18-19-30-9-10 #1HXL.
Building a natural gas pipeline while milling frac
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