Back to top

Analyst Blog

New Western Energy: New Western Energy forms advanced EOR subsidiary.


 ZacksTrade Now

New Western Energy: New Western Energy forms advanced EOR subsidiary.

By Ian Gilson, CFA

New Western Energy (OTC BB:(NWTR)) has announced the formation of NWE Technologies Inc., a wholly owned subsidiary that will be involved in next generation Enhanced Oil Recovery technology. New Western intends to use advanced EOR techniques in its Oklahoma and Texas properties.

It is impossible to extract all of the oil in a geological formation. Some oil may be too thick to flow to the well head, some may be trapped in small cavities. Oil pressure at the well may drop to a very low level and that oil field may not respond to external pressure water or carbon dioxide injection. New technologies such as fracking, jetting, fire flooding and polymer flooding can increase the recovery but there may still be over 30% of the reserves that cannot be recovered at a reasonable cost.

A stripper well is defined as a well that produces less than 10 barrels of oil per day, and the DoE estimates that there are 700,000 such wells in the United States. Industry sources estimate that there may be 50 billion barrels or more of oil that could be recovered using current enhanced technologies and next generation technologies could recover another 100 billion barrels.

To download a free copy of the full NWTR research report, click here: NWTR 2-6-13


For additional research on small-cap stocks, please visit

To become a subscriber to Zacks SCR and receive SCR blogs and research reports emailed directly to your inbox, please visit our Subscribe page.















Please login to or register to post a comment.

New to Zacks?

Start Here

Zacks Investment Research


Are you a new Zacks Member or a visitor to

Top Zacks Features

My Portfolio Tracker

Is it Time to Sell?

One of the most important steps you can take today is to set up your portfolio tracker on Once you do, you'll be notified of major events affecting your stocks and/or funds with daily email alerts.

More Zacks Resources

Zacks Rank Home - Evaluate your stocks and use the Zacks Rank to eliminate the losers and keep the winners.

Mutual Fund Rank Home - Evaluate your funds with the Mutual Fund Rank for both your personal and retirement funds.

Stock/Mutual Fund Screening - Find better stocks and mutual funds. The ones most likely to beat the market and provide a positive return.

My Portfolio - Track your Portfolio and find out where your stocks/mutual funds stack up with the Zacks Rank.

Zacks #1 Rank Top Movers for Zacks #1 Rank Top Movers

Company Symbol Price %Chg
SYNAPTICS I… SYNA 78.11 +8.14%
CENTURY ALU… CENX 19.88 +5.74%
GREEN PLAIN… GPRE 39.41 +5.12%
PILGRIM'S P… PPC 28.82 +3.08%
THE PANTRY… PTRY 18.41 +2.79%