Phase Change Resources is a newly formed upstream oil and gas company formed to rehabilitate mature oil fields through the application of Enhanced Oil Recovery (EOR) technology. By applying new subsurface technology to old oil fields, we will extract additional oil that was unrecoverable with previously applied technology. As such, Phase Change Resources will be developing projects that employ all manner of EOR technology, including thermal EOR, chemical EOR, and gas injection.
All of these EOR technologies involve chemical phase changes. For instance, thermal EOR involves the boiling of liquid water to produce steam, and that steam is then injected into the oil reservoir to decrease the viscosity of the oil. Alternatively, miscible gas injection involves injecting certain gases—such as CO2—into an oil reservoir where that CO2 mixes with the oil forming a single phase from two phases (i.e., a phase change).
So, at its most basic, our company’s name reflects the key chemical changes that our development techniques cause in the subsurface of mature oil fields.
Furthermore, Phase Change Resources is being built with a deep focus and dedication to scientific sophistication. Our team and practices will be built on the most careful and rigorous science and mathematics. Our founding team has 2 physics PhDs, 1 math PhD, and 2 geoscience PhDs. As the team grows, we will build on our founding team's scientific excellence to recruit the best technical minds from within and outside the oil industry. Our company’s logo should reflect that dedication to rigorous science.
Finally, our company’s name is a triple entendre. At it most basic, Phase Change refers the chemical changes that occur with the application of various EOR technologies in our projects. At one higher level of abstraction, Phase Change refers to how our work on mature fields will change the phase of the fields that we work on. And, finally, at the highest level of abstraction, Phase Change refers to how our differentiated approach will change the phase of the whole industry.
For visual inspiration, I recommend looking at images of 2 and 3 dimensional phase diagrams.