Archive for the ‘USA Superior Energy Inc. USSU’ Category

USA Superior Energy Holdings, Inc. (USSU.OB) Reports First Quarter Financial Numbers

Wednesday, June 4th, 2008

USA Superior Energy Holding, Inc. (OTCBB: USSU) announced their first quarter financial figures ended March 31, 2008. The company operates within the energy industry in the United States. Through their wholly owned subsidiary (USA Superior Energy, Inc.), the company engages in the development, ownership, and operation of energy prospects and projects – focusing on implementing nitrogen technology to recharge and produce oil and gas from partially depleted reservoirs – in East and Southeast Texas.

Revenues for the quarter ended March 31, 2008 totaled $115,563, an increase from last year’s first quarter’s total of $15,443. A year ago the company acquired the Bateman Project which gave them a full quarter of productivity and operations, and as a result there was a substantial increase in revenue. Sales volume was reported at a net of 1,322 barrels for the first quarter of 2008, a significant increase over last year’s third quarter’s volume of 727 barrels and fourth quarter’s volume of 139 barrels. The company’s successful work-over and treatment procedures can be attributed to the growth in sales volume. It is expected that sales volume will continue to rise during the second quarter of 2008, as they will near a total of 1,183 barrels during the month of May. The company reported an average price of $91.63 per barrel during the quarter ended March 31, 2008.

“For the remainder of 2008 we remain focused on the continuing work-over and acceleration of revenue from our Bateman Project and preparations for EOR operations to begin in the second half of 2008,” commented Mr. Rowland Carey, chairman and CEO of USA Superior Energy Holding, Inc. “We are also seeking to strengthen our management team, increase our capital base to fund our EOR operations and growth to continue our business strategy of acquiring and joint venturing shallow fields of oil and gas that have been idle or marginally producing.”

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USA Superior Energy Holdings, Inc. (USSU.OB) First Quarter Filings Near Completion

Friday, May 30th, 2008

USA Superior Energy Holdings, Inc. (OTCBB: USSUE) announced that certifications – and an independent, registered public accounting firm’s review of their consolidated financial statements (which included their quarterly reports on form 10-Q for the first three months ended March 31, 2008) – will be completed this week. The company also filed an amended quarterly report on form 10-Q for the first three months ended March 31, 2008, that will be reviewed and included other certifications, will be filed by May 30, 2008.

The company had previously filed their quarterly report on form 10-Q on May 20, 2008, but because of the short time period between filing of the company’s year-end annual report a few days earlier, neither USA Superior nor the public accounting firm had enough time to complete all the necessary work. As a result, the company’s stock symbol will retain the “E” designation until such time as the OTCBB can review the amended filing to conclude that the company filed with proper procedures.

USA Superior Energy Holdings, Inc. is a developmental stage company that operates within the energy industry in the United States. Operating through their wholly owned subsidiary, USA Superior Energy, Inc., the company engages in the development, ownership, and operation of prospects and energy projects in the eastern and southeastern regions of Texas. They focus on using nitrogen technology to recharge and produce oil and gas from under-pressured, partially depleted reservoirs.

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USA Superior Energy Holdings, Inc. (USSU.OB) Corporate Profile

Tuesday, May 20th, 2008

USA Superior Energy Holdings, Inc. (USSU.OB), a Houston based energy company, is focused on utilizing next-generation technology to enhance the oil and gas recovery (EOR) rates in shallow oil and gas fields. Rather than exploring for new sites, the company intends to concentrate on revitalizing production at existing well sites.

Cased Hole Horizontal Drilling (CHHD) is a technique that can increase the “communication” from the wellbore to the fluids contained in the reservoir by opening up new fractures. The technique can be utilized at both fractured and low permeability reservoirs. Small holes are made in a portion of the casing that passes through a production area creating a path for the oil to flow from the surrounding area into the production tubing.

The Nitrogen Stimulation technique (N2) is used in reservoirs to force oil out. The technique can be utilized to rejuvenate existing reservoirs and wellbores where traditional methods have previously been used, and can easily be adapted for use at large or small sites. Implementing the N2 technology at older well fields can be done at a lower cost than the expense associated with searching for new reservoirs.

The company’s proprietary process for generating nitrogen allows high-pressured nitrogen to be concentrated from the air at 92 to 98 percent purity. The use of nitrogen is both effective and environmentally friendly, as 78 percent of the air we breathe is made up of nitrogen. Additionally, nitrogen is inert in most mineral and rock environments. Typically, the initial natural pressure allows a 10 to 40 percent recovery. USA Superior plans to rejuvenate under-pressured and partially depleted reserves with the N2 technology to artificially pressurize the sites. The secondary production can yield an additional 40 to 50 percent of oil from a reservoir.

XIOM is another new process that USA Superior is utilizing at its sites to reduce costs. The company is applying XIOM product to shield pumps to protect against corrosive acids and to rods located in the drill holes from paraffin accumulation. The protective coatings reduce the wear on the equipment, thus reducing maintenance time and cost.

USA Superior’s focus on revitalizing existing well fields in Texas is exactly what we need in this period of ever-increasing fuel prices.

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Wall Street Grand Featured Company: USA Superior Energy Holdings, Inc. (USSU.OB) Announces a 200% Increase in Oil Production from Existing Oil Well

Friday, January 18th, 2008

USA Superior Energy Holdings, Inc. (OTCBB: USSU) (FRANKFURT: F2S) is proud to announce a report of finding a 200% increase in oil production from an existing oil well during recent testing. A test involving a successful cyclic nitrogen test of the Enhanced Oil Recovery (EOR) technology developed by USA Superior, resulted in the testing.

A cyclical nitrogen injection test is where nitrogen is injected into existing wells to re-pressurize the oil in formation, and within short period of time the pressure diffuses about the well bore. As a result, the oil retreats into the well bore and oil production and pressure decreases over time; another cycle is injected therefore re-pressurizing the remaining oil. The cycles are continued until no longer needed.

Before initial testing of the well, it was producing a small amount of fluids composing of 5% oil and 95% water. During the first three days of testing, the well pumped 100% oil before the nitrogen pressure drained, representing a significant increase in the oil capable of being produced from the same well.

“We feel these results show the potential that a cyclic nitrogen injection program implemented across a field can produce,” stated Randy Holifield, Field Supervisor of USA Superior Energy Holdings, Inc.

It is estimated by third party engineers that existing wells have only produced 5%-10% of the oil existing in the ground from primary production, leaving 90%-95% of remaining fluids to be produced through secondary and tertiary methods. With horizontal enhancements and a cyclic nitrogen injection program, USA Superior anticipates a production increase of 15%-30% of oil still left in the ground.

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Beacon Equity Research Featured Company: USA Superior Energy Holdings, Inc. (USSU.OB)

Thursday, January 17th, 2008

USA Superior Energy Holdings, Inc. (USSU.OB) is an energy company founded in 2005 that acquires, develops, and operates oil and gas prospects in East and Southeast Texas. The Company utilizes a risk reducing process that deploys nitrogen-based enhanced oil recovery technology to increase oil and gas production from under-pressured, partially depleted reservoirs. The process used by USA Superior reduces the risks involved in exploring for oil and gas as well as minimizes exploitation risks and expenses.

Still in the development stage, the Company has assembled a highly qualified team of oil field experts who collectively represent over 200 years of oil and gas field experience. USA Superior’s expert team is successful from drilling, well completion, operations and production to complex problem solving and enhanced recovery.

USA Superior Energy Holdings, Inc. operates two revenue-producing projects. The company also has projects planned for production including one where production is scheduled to commence sometime this year. The Company acquired the Bateman & Dale McBride prospect in Texas in 2007 and has partnered with the Generon Division of Innovative Gas Systems, Inc. The partnership with Generon will allow USSU to deploy its proprietary nitrogen technology using Generon’s equipment at no capital cost.

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USA Superior Energy Holdings, Inc. (USSU.OB) Plans Drilling Program for 333 Acre Lease in Zavalla County, Texas

Tuesday, January 15th, 2008

USA Superior Energy Holdings, Inc. (USSU) applies new technologies to oil and gas fields as well as other industries. USA Superior Energy’s focus has been on developing and utilizing complimentary technologies; Nitrogen (N2) and cased hole horizontal drilling, and seeks to use these technologies independently or in combination to exploit business opportunities.

USA Superior Energy has renegotiated the 333 acre “Rust Lease,” in Zavalla County, Texas and expects to begin drilling wells with 20 acre to 40 acre spacing this year. The depth of the drilling at the desired pay zone is 3,500 to 4,000 feet keeping in line with the company’s focus on shallow wells.

Much of the composition of the field at the Rust Lease is volcanic lava which is pushed up into the overlying beds as serpentine plugs. This causes structural traps for oil and gas in the sediment above. In analyzing the lease, gas samples are extracted from 30 inches underground in a grid pattern every 300 feet. The gas is analyzed using a gas chromatagraph capable of reading individual gas components. Each sample station’s value is mapped for each individual gas component to determine the area of leaking hydrocarbons. Positive results should show large values and a clustering of large values within a definable area.

John Sandy, the chief geologist of Geochemical Exploration Services Inc., said, “These are very strong values and some of the strongest seen in 100+ surveys we have done in the Zavalla County area over the past 15 years. The readings indicate a strong probability of gas and condensate.”

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Lebid.biz Featured Company: USA Superior Energy Holdings, Inc. (USSU.OB) – The Wells are Starting to Come In

Monday, January 14th, 2008

Once capped oil wells are now starting to see the light of day as technology works its magic. Once thought of as “empty”, closed oil fields are reopening and reaping the rewards of $100 per/barrel oil.

As oils prices continue to work on passing $100 per/barrel for good, USA Superior Energy Holdings, Inc. is working to take advantage. Nitrogen injection is their technology oriented method for recouping untapped oil reserves once thought unreachable with old technology. The new technology caps the “old” well and pressurizes it so that any oil remaining can be claimed.

Current operations at oil fields between Houston and San Antonio, Texas have begun to produce results, in line with company expectations. Although overall barrel output has not been high as of yet, initial findings are positive. Future production options, at similarly closed fields, are currently being assessed by independent engineering firms.

Production increases through infill drilling and nitrogen gas injection suggests that the “empty” fields could experience increases of 2 or 3 fold production over time. The company also indicates that it is not just relying upon its early nitrogen injection successes to power its future profit potential. Additional testing has found several other opportunities to increase production at once thought “empty” wells.

Paraffin reduction and elimination has shown significant potential at some test fields. Where paraffin can cause wells to become clogged, and thought of as unproductive, technology can “clean the well”, providing new sources of production in the “empty” well. New technology is opening opportunity in the oil production arena when prices are soaring.

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Small Cap Voice Featured Company: USA Superior Energy, Inc. (USSU.OB)

Thursday, December 13th, 2007

USA Superior Energy, Inc. (USSU.OB) is a developing company that is focused on the United States energy industry. The company is engaged in the development, ownership and operation of prospects and energy projects in Texas through its wholly owned subsidiary. It uses nitrogen technology to recharge and produce oil & gas from under-pressured, partially depleted reservoirs.

The management team that leads USA Superior has extensive knowledge of oil and gas exploration as well as in production industries. Together the team has approximately 200 years of experience with many members employed under other companies in the oil and gas industry before joining USA Superior.

The Company currently has distribution rights in three states of the U.S. and has plans to spin off its distribution business into a subsidiary to enable the division to work independently. The company is also in discussions with medical consultants and hospitals to create trade relationships.

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Shazam Stocks New Featured Client: USA Superior Energy, Inc. (USSU.OB)

Monday, November 19th, 2007

USA Superior Energy Holdings is a developing company that is focused on the United States energy industry. The company is engaged in the development, ownership and operation of prospects and energy projects in Texas through its wholly owned subsidiary. It uses nitrogen technology to recharge and produce oil & gas from under-pressured, partially depleted reservoirs.

The management team that leads USA Superior has extensive knowledge of oil and gas exploration as well as in production industries. Together the team has approximately 200 years of experience with many members employed under other companies in the oil and gas industry before joining USA Superior.

The Company currently has distribution rights in three states of the U.S. and has plans to spin off its distribution business into a subsidiary to enable the division to work independently. The company is also in discussions with medical consultants and hospitals to create trade relationships.

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