Royalty Report: Energy & Environment, Energy Resources & Svcs, Oil & Gas Extraction – Collection: 34720

$100.00

Curated Royalty Rate Report
Category: Technology Licenses, Created On: 2022-04-28, Record Count: 3

Description

This collection of transactions and supporting information was developed using our AI algorithm to curate similar royalty reports into a cohesive collection to support your licensing, transfer pricing or other transaction scenarios where documented royalty rates and/or deal terms are important.
Category: Technology Licenses
Created On: 2022-04-28
Record Count: 3

Primary Industries

  • Energy & Environment
  • Energy Resources & Svcs
  • Oil & Gas Extraction
  • Drilling
  • Machinery
  • Environmental Control
  • Petroleum Refining
  • Test/Monitoring

IPSCIO Report Record List

Below you will find the records curated into this collection.  This summary includes the complete licensed property description so that you can review and determine if this collection covers the topics, technology or transaction type that is relevant for your needs.  The full report will include all relevant deal data such as the royalty base, agreement date, term description, royalty rates and other deal terms.  For reference, here is a sample of a full IPSCIO curated royalty rate report: Sample Report

IPSCIO Record ID: 34720

License Grant
In this agreement, Licensee hereby grants to Affiliated Sublicensee an exclusive royalty-bearing sublicense to use the Technology and provide the Licensed Services within the Licensed Territory.  The Parties agree that Sublicensee is granted only the rights expressly defined in this Sublicense Agreement, and unless explicitly otherwise mutually agreed to by the Parties, Sublicensee is not granted any additional rights by Licensor or Licensee. Without limiting the foregoing, Licensee will retain the right to use the Technology for treatment of its own assets (including assets of its Affiliates) now owned or hereafter acquired within the Licensed Territory.
License Property
Technology refers to an invention involving a process and apparatus utilized in the production enhancement of hydrocarbon deposits using metallic plasma-generated, directed, nonlinear, wide-band, and elastic oscillations at resonance frequencies (the “Technology”) with a patent application for the protection of such Technology having been filed with the United States Patent and Trademark Office, which patent application is pending and attached as Schedule A, which i as follows

Patent assignment # US 502004448 “Ideal non-linear wide-band well source of periodic directed elastic fluctuations, equipped with a metallic plasma creation device to stimulate hydrocarbon productive deposit at resonance frequencies”.

Field of Use
Agreement pertains to the energy industry.

IPSCIO Record ID: 880

License Grant
The Licensor of British Virgin Islands hereby grants to Licensee, upon the terms and conditions herein specified, an exclusive, perpetual, royalty-bearing License, with right to sublicense in the Licensed territory, under the Patent Rights and the Technology to practice the Licensed Process to provide services to third parties; for itself; and for sub-licensing, all in the Licensed territory.

“Plasma-Pulse Technology” is used to enhance the recovery of oil.

License Property
Licensor owns by assignment the right, title and interest in and to an invention for a process and apparatus for the production enhancement of hydrocarbon deposits using metallic plasma-generated, directed, nonlinear, wide-band and elastic oscillations at resonance frequencies and a patent application for the protection of the Technology has been filed with the United States Patent and Trademark Office.
Field of Use
The process utilizes a downhole tool that is lowered into vertical wellbores to the perforated oil producing zone. When initiated, the tool delivers metallic plasma-generated, directed, non-linear, wide-band elastic oscillations at resonance frequencies to enhance oil production using the tool developed by the Licensor and enhanced by Licensee. The technology is suitable for oil wells as deep as 12,000 feet. By optimizing production efficiency combined with the resulting increased oil production we expect to extend the economic life of mature oil fields and to recover previously unrecoverable oil efficiently. Our current technology and tools only work in vertical wells with a minimum of 5 ½-inch casings and not in horizontal wells. We are currently in the process of developing a tool to treat 4 ½-inch cased wells and also horizontal wells. We anticipate the smaller diameter tool to be available in the 3rd quarter of 2013 and anticipate testing the new horizontal tool in the 4th quarter of 2013.

IPSCIO Record ID: 29354

License Grant
The Licensor granted the Licensee, a majority owned subsidiary, a non-assignable, non-transferable exclusive right to use the Patents for any legal purpose, including, but not limited to, research using the Patents in order to develop Technologies and Products, the manufacture and sale of Products, the sublicense to third parties of such Technologies, and the sublicense to third parties of the rights to manufacture and sell such Products.
License Property
International Patent Application 2004/024309A2, filed September 12, 2003, titled 'System and Method for the Mitigation of Paraffin Wax Deposition From Crude Oil by Using Ultrasonic Waves'

Nationalized PCT United States, Serial number 10/527,614, publication number US-2005-0269097-A1, filed 3/11/2005, 'System and Method for the Mitigation of Paraffin Wax Deposition from Crude Oil by Using Ultrasonic Waves'

Nationalized PCT Canada, Application No. 2,498,742 filed 3/11/2005, 'System and Method for the Mitigation of Paraffin Wax Deposition from Crude Oil by Using Ultrasonic Waves,' Inventor Brian Francis Towler, PhD

United States, Application No. 11/237054 filed 9/27/05, 'Well Casing Based-Geophysical Sensor Apparatus, System and Method,' Inventor William Daily.

United States, Patent No. 5,416,724 filed 10/9/92, granted 5/16/95, 'Detection of Leaks in Pipelines,' Inventor Michael Savic.

The technologies licensed involve innovative energy production enhancements. These include the recently patented technology developments to mitigate paraffin wax deposits in well bores and oil production tubing using ultrasonic waves. Also licensed is a system to detect hazardous gas leaks in natural gas pipelines which provides reliable, cost-effective monitoring of pipeline.

Disclaimer: The information gathered from RoyaltySource® database was sourced from the U.S. Securities and Exchange Commission EDGAR Filings and other public records. While we believe the sources to be reliable, this does not guarantee the accuracy or completeness of the information provided. Further, the information is supplied as general guidance and is not intended to represent or be a substitute for a detailed analysis or professional judgment. This information is for private use only and may not be resold or reproduced without permission.