ENHANCED OIL RECOVERY (EOR)
New Tertiary Recovery Technology in U.S. Shale Oil
Polar Energy Partners provides cutting-edge enhanced oil recovery (EOR) technology and services to the upstream oil and gas market.
Enhanced Oil Recovery (EOR) for U.S. Shale Plays
Polar Energy Partners is commercializing a new Enhanced Oil Recovery (EOR) technology system, based on established oilfield principles, to deliver the first efficient and actionable shale tertiary recovery mechanism to realize tens of billions of dollars in abandoned oil.
U.S. shale production accounts for around 9 MMBO/d. Primary and secondary production, combined, produces 6-10% recovery of original oil in place (OOIP). Polar’s technology suite will expand recovery to 20-25%, more than doubling each well’s total production.
Polar’s team has earned a proven track record of delivering expected material returns for investors.
Polar has assembled a battle tested executive management team, that includes globally recognized, leaders in oil & gas evaluation and extraction. Polar’s EOR technology system requires a turnkey deployment approach for performance and IP control, so thought leadership in the creation and deployment of advanced deep tech, AI, ML and IoT systems is provided by Polar founders. This rounds out the go-to-market plan on a highly scalable foundation. All founders have extensive experience as entrepreneurial senior executives with proven performance records.
Allen Howard
Executive Chairman
Allen is a known thought leader in shale EOR, magnetic resonance(MRI) and a serial success as an entrepreneur.
- Over 40 years of energy experience including senior positions with Schlumberger and Numar
- Acknowledged by Oil & Gas Financial Journal as “one of the world’s foremost authorities on oil & gas reservoirs”
- CEO and founder of NuTech Energy – a recognized industry leader in unconventional reservoir intelligence
- CEO and founder of Throne Petroleum
BS – Texas Tech University
Jack Riedel
Co-CEO
Jack is a serial entrepreneur in enterprise level software ventures with successful returns for investors.
- Founding CEO of Client Dynamics (Clienttelligence), a software company sold to Dow Jones which was the genesis of the Dow Jones wealth manager.
- Founder, Chairman & CEO of Tall Umbrella, Inc which provided turnkey mobility Wi-Fi systems to healthcare firms
- In total, four of the seven firms Jack helped start achieved profitable returns for their investor constituents, some reaching nine figure valuations.
BS – Michigan State University
To Be Announced
Co-CEO
A serial entrepreneur in enterprise level software ventures with successful returns for investors and shareholders.
- Over 35 years of leading technology platforms and industry solutions from incubation to commercialization and an exit
- Sr. Director of a Global Technology Leader, R&D Division
- CXO (Viom Networks) $2B acquisition by American Tower Company
- MD & CEO of one of the largest Media companies, led major digital transformation (physical to digital media) with 50x increase in global revenue
- MD Microsoft, Inc.
- SVP Vicinity Corp. Acquired by Microsoft
BS/MBA – Delhi University
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