Larry Shultz

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Welcome to Larry Shultz's Profile: Enhanced Oil Recovery (CO2 EOR, Waterflood, Frac, Artificial Lift), Airbag & Stan Lee Movie TV

Larry Shultz's Bio:

Larry Shultz's Experience:

• Co-Founder and Co-Manager at Entrained Flow Services LLC

  February 2016 - Present | Beverly Hills, CA and Long Beach, MS

  While I originally developed various chemical solvents to more cleanly separate crude oil and bitumen from reservoir pore-space – and then worked to commercialize a much-needed portable CO2 exhaust gas compression/injection EOR system for oil fields (unserved by CO2 pipelines) and Micro-Clustered Water and CO2 Foams for EOR – I ultimately discovered, recently licensed and am now commercializing some of the most-needed technologies by the oil & gas industry today: (1) a more reliable, lower-cost, high-pressure, higher-flow Artificial Lift de-watering system that can pump produced-water at ultra-high suction rates from the deepest heel to the farthest toe of any horizontal well, and (2) a high-pressure Frac Proppant Injection system that can bypass surface pressure pumps to significantly reduce pump load, eliminate proppant abrasion damage and equipment redundancy. Entrained Flow Services is territorially sub-licensing to international oil service companies manufacturing and distribution rights to its new product-line of Reservoir Robots: high-pressure, high-flow EOR and frack fluids injection, wellbore cleanout and de-watering technologies which can significantly lower the cost of hydraulic fracking, secondary water-flooding, tertiary chemical and gas injection EOR sufficiently enough to earn real profits even in today's low-priced oil market. EFS technologies exploit a proprietary scientific understanding and breakthrough in the field of Boundary Layer Fluid Mechanics – creating an entirely unique and more fuel-efficient way to re-pressurize and de-water aging reservoirs to produce more oil & gas than competing technologies. And EFS PressureBots can do it more reliably than current type Beam Pumps, electromagnetic LEAP pumps, Jet Pumps and centrifugal Electric Submersible Pumps (ESPs) which Entrained Flow Reservoir Robots may potentially obsolete by offering superior performance and cost advantages that such older technology pumps cannot profitably achieve.

• Founder and Managing Member at TexasEOR Associates

  November 2015 - Present | Beverly Hills, CA

  Texas EOR Associates (www.TexasEOR.com) has licensed U.S. rights to a new product-line of E4EOR chemical EOR solvents, StickyCO2 Foam and Micro-Clustered Water Treatment technologies (that can better penetrate and permeate reservoir pore-space to deliver both liquid and gas injected EOR chemicals) as well as non-exclusive rights to use other advanced horizontal drilling and EOR-tracking technologies that may benefit the Company's Solvent-Assisted Waterflooding and Gas Injection EOR projects. TexasEOR's Solvent and Micro-Clustered Water processes may also be used in and benefit Solvent-Assisted Gas-Fracking, Hydraulic-Fracking and Gas-Injection N2+CO2 EOR projects by reducing stranded oil viscosity (to better mobilize it) while inhibiting the precipitation of asphaltenes, scale and paraffin waxes that may otherwise clog reservoir pore-space, restrict solvent dispersion and reduce oil flow to the production well. The ability to foam the E4EOR solvent (to make "StickyCO2") may further increase CO2 EOR recovery rates by reducing CO2-channeling (that by-passes otherwise recoverable oil deposits) and by delivering a multidose of viscosity-reducing and pore-cleaning chemicals all in E4EOR Foam and in the CO2 contained in the foam. With its suite of advanced, next-generation EOR technologies, Texas EOR Associates intends to target the many 1000s of pressure-depleted, closed and non-producing oil fields in America (that still contain millions of barrels of "stranded" and "residual" oil) for EOR revitalization and re-pressurization today in order to produce new oil from old oil wells at an all-in cost of less than $20 per barrel of recovered oil (a low enough cost to generate meaningful profits even in today's low oil price market).

• Founder & Chief Creative Officer at ClickVote.com

  2013 - Present

  Because many Americans are uninformed, misinformed or ill-informed about election issues and the very Candidates for whom they are being asked to cast their vote -- Larry Shultz and his sons created www.ClickVote.com as a one-stop online and mobile destination to make it easy for Voters to learn about and compare the Candidates running for office (and make an informed voting decision as to which Candidates are worthy of their vote, who shares their values, their principles and stance on issues they care about). www.ClickVote.com successfully launched for the 2014 Mid Term Election Season.

• Member and Chief CO2 EOR Evangelist at Fossil Bay Energy LLC / CO2 EOR

  2015 - January 2016

  Why spend $60 to produce a barrel of shale/tight oil, when Fossil Bay's portable CO2 EOR equipment can produce oil for less than $15-$25 ? Fossil Bay is an emerging leader in enhanced oil recovery (EOR) technologies and services, fielding the oil industry's next-generation fleet of fully-automated, portable exhaust gas injection CO2-EOR skids to bring low-cost, variable-pressure CO2-EOR capabilities on-site to EOR-worthy mature and legacy oil fields not served by CO2 pipelines. Co-Founded by Larry Shultz, Dan Kulka and Mike McGhan (who previously co-founded and separately built Hanover Compressor and then Valerus Compression into billion-dollar gas compression service companies) and granted the exclusive U.S. rights to three key Weatherford International gas injection patents - Fossil Bay builds and deploys portable CO2 exhaust gas injection equipment to re-enter, re-pressurize and revitalize the tens of thousands of pressure-depleted, marginally-producing stripper wells and abandoned oil fields in America that still contain billions of barrels of stranded oil, but that don't have local access to a CO2 pipeline. Comparatively, the Company's new suite of patented thermal, chemical and portable CO2 EOR technologies and services can produce new supplies of crude oil from old pressure-depleted conventional oil fields at an all-in cost of less than $15-$25 per barrel -- one-third the cost, with one-tenth the annual decline rate, and more than six times the ultimate recovery rate of unconventional shale oil resources. Fossil Bay partners Kulka, Shultz & McGhan are seeking to form joint ventures with third-party mineral rights owners, operators and oil companies which own EOR-worthy mature and legacy oil leases that previously produced millions of barrels of oil from primary recovery -- whose currently pressure-depleted reservoir and geological characteristics can benefit from use of portable Exhaust Gas CO2-EOR re-pressurization to revive and revitalize oil production in dormant wells.

• Technology Co-Developer at SRS International and Sable Energy

  2011 - 2014

  Co-developed the enabling technology (with SRS' George Hawranik and veteran oil refinery manager Glenn McGinnis) that resulted in 2013 demonstration of one of the world's first full-scale, multi-ton, continuous-flow extraction of bitumen from various African, Utah and Canadian tar sands and oil sands ores using a unique water-free solvent-based process that separates bitumen/oil and other hydrocarbons from sand, dirt and other substances with high efficiency and without creating tailing ponds and other environmental hazards. Because it uses no water (unlike other technologies that compete against agricultural and municipal interests for water that there's not enough of, while producing toxic tailings ponds) our water-less bitumen extraction technology can unlock the value of America's vast tar sands and oil sands resources without suffering the water-intensive environmental devastation seen in Canada.

• Managing Partner at Lee-Shultz Productions

  1996 - 2000

  Formed creative partnership with Marvel Comics Icon, Stan Lee (creator of Spider-Man, Iron Man, X-Men, Avengers, the Incredible Hulk, Fantastic Four, et al) to co-create and co-write over thirty (30) motion picture, TV and book projects, currently in various stages of development, for such major studios and production companies as Warner Bros., Fox, Paramount, NBC, CBS and Imagine Entertainment that have enduring legacy copyright value. http://larryshultz.com/index.php/stan-lee-partnership/

• Chairman and CEO at Airbelt Systems LLC

  1994 - 1998

  Led successful development of Intelliflow Airbag throttling valve that was only device tested by NHTSA to simultaneously protect child in infant car seat and heavy male passenger; licensed to TRW Occupant Safety division in 1997. http://larryshultz.com/index.php/intelliflow-airbag/

• Member of the Board and VP, Audio and Video Technologies at Aura Systems, Inc

  1990 - 1994

  Originally financed revolutionary NeoRadial Speaker technology that spawned the AuraSound speaker division I led, which developed the world's most powerful 18-inch sub-woofers (touring the world with some of the music industry's top music acts) and most powerful 3-inch TV-speakers at the time. http://larryshultz.com/index.php/aurasound-speakers/ Conceived and co-developed the first commercial Virtual Reality Gamewear product: the INTERACTOR -- world's first Video Game Peripheral that enabled video game players to "feel" video game kicks, punches, explosions and special effects that have become standards today; personally lobbied Acclaim Entertainment to add Interactor codes to best-selling "Mortal Kombat" video game for 1994 Christmas Season launch of Interactor with TV ad-campaign and co-op ad sales in Toys'r'us and other national and local retail stores. http://larryshultz.com/index.php/aura-interactor/

• President and COO at International Telesystems

  1986 - 1990

  Developed TickeTV pay-per-view encryption technology for non-addressable Cable TV systems and over-the-air broadcast TV stations; successfully demonstrated the first subscription TV system in New Zealand in partnership with the public NZTV national broadcasting company and a few key partners and boardmembers at ITSI who, literally, and forever, changed the world a decade later. See: http://larryshultz.com/index.php/ticket-tv/

• Co-Founder at Saturated Gas, Inc.

  July 2013

  Saturated Gas is developing next-generation EOR projects and technologies, including an evolutionary new Vacuum Valve Pump that can uniquely pump produced-water and oil at low cost out of the farthest leg of a horizontal oil well (at high volume and velocity) using the geothermal heat contained in most oil wells to power the pump (instead of using expensive electricity) -- and at the same time, repressurize the played-out reservoir with the expanding gas that powers the pump. Tens of thousands of high water-cut, marginally-producing stripper-wells and shut-in, abandoned oil fields (that were closed because the cost to pump out the produced-water costs more than the value of the recovered oil) -- but which still contain millions of barrels of "stranded" residual OOIP -- can thus be re-entered and equipped with this low-cost geothermal-powered submersible pump to literally repressure the reservoir to increase oil recovery and produce new Tertiary EOR revenues by converting old plugged oil well liabilities into new assets of EOR profits and proved producing reserves.

Larry Shultz's Education:

• Columbia University in the City of New York

  2011 – 2015
  Proud Dad of Senior

• Yale University

  2008 – 2012
  Proud Dad of Graduate