Glori Energy Inc. (GLRI)

Overview

Glori Energy Inc. is an innovative energy technology and oil production company that provides a range of services to third-party exploration and production (E&P) companies predominantly in North America and Brazil. Established in 2005 and with its headquarters located in Houston, Texas, Glori Energy Inc. has carved a niche for itself in the energy sector by leveraging advanced biotechnologies to enhance oil recovery. The company operates through two primary segments: Oil & Gas, focusing on the production and development of oil and natural gas interests, and AERO Services, which is dedicated to offering enhanced oil recovery solutions through its proprietary biotechnology processes.

Products and Services

• Oil and Gas

This segment of Glori Energy Inc. is involved in the production and development of oil and natural gas interests. It represents the company's core operations in the traditional energy sector, focusing on extracting value from hydrocarbon resources through conventional and innovative methods. By managing and developing these interests, Glori Energy aims to optimize production efficiency and increase the lifespan of oil and natural gas fields.

• AERO Services

This proprietary biotechnology solution for enhanced oil recovery (EOR) is what sets Glori Energy apart. The AERO (Activated Environment for the Recovery of Oil) Services segment involves a two-step process aimed at increasing the extraction rates of oil reservoirs that are nearing the end of their productive life. Initially, a comprehensive analysis phase includes a reservoir screening process that collects field samples to evaluate the potential application of the AERO system. Following this, the field deployment phase involves deploying skid-mounted injection equipment designed to introduce and sustain microbial activity within the oil reservoir. This activity leads to improved oil recovery by modifying the reservoir's conditions in a way that facilitates the mobilization and extraction of trapped oil.