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wavefront technology solutio (WEE) Snapshot

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wavefront technology solutio (WEE) Details

Wavefront Technology Solutions Inc. designs, develops, and licenses technologies for oil well stimulation, secondary oil recovery, and environmental groundwater remediation applications in the United States and Canada. The company offers Powerwave process, an injection technology that improves the flow of fluids in geological materials, including sedimentary soils and fractured rock; and Primawave process, a method for aiding in-ground environmental groundwater remediation clean-up in contaminated sites. It also develops oil and gas properties, as well as rents tubing pumps and bailers for oil field applications. The company was formerly known as Wavefront Energy and Environmental Services Inc. and changed its name to Wavefront Technology Solutions Inc. in March 2009. Wavefront Technology Solutions is headquartered in Edmonton, Canada.

Founded in 1980

wavefront technology solutio (WEE) Top Compensated Officers

Chief Executive Officer, President, Director ...
Total Annual Compensation: C$275.0K
Chief Financial Officer, Treasurer, Secretary...
Total Annual Compensation: C$200.0K
Compensation as of Fiscal Year 2013.

wavefront technology solutio (WEE) Key Developments

Wavefront Technology Solutions Inc. Commences Approximate $1.25 Million Petrobras Contract in Brazil

Wavefront Technology Solutions Inc. announced the commencement of the approximate $1.25 million Petrobras contract in Brazil.

Wavefront Technology Solutions Inc. Wins Subcontract to Provide Powerwave Well Stimulation Technology in the United Arab Emirates

Wavefront Technology Solutions Inc. announced that it has entered into an agreement to provide Wavefront's Powerwave technology to a top-tier service supplier for its operations in the United Arab Emirates (UAE). Under the terms of the agreement Wavefront will provide tools and training at a fixed monthly rate and will be paid 50% of the total monthly revenue related to Powerwave well stimulations generated by the service supplier. Wavefront and the service supplier are in the planning stages of an initial 3 stimulations slated for near-term completion.

Wavefront Introduces New WaveAxe(TM) Stimulation Approach for Steam Assisted Gravity Drainage Well Pairs

Wavefront Technology Solutions Inc. announced it has entered into a technology co-ownership agreement with a Canadian integrated energy company to adapt existing Powerwave technology for SAGD operations. Wavefront and the Canadian integrated energy company have filed two patent applications related to the new stimulation approach, which accelerates communication between a SAGD well pair to reduce the time between well drilling/completion and well production. Under the terms of the agreement, Wavefront and its partnering companies will be the sole providers of the technology to SAGD operators in the Western Canadian Sedimentary Basin. Pilot testing of the SAGD well pair stimulation approach will commence once all engineering facets of the technique have been completed, the appropriate well candidates identified by the operators, and a rigorous monitoring program defined to assess efficiency and future works.


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