Allow us to introduce you to our good friend Oil. Many of you are probably acquainted with oil, but we want to help you get to know each other a little better. Oil is a naturally occurring hydrocarbon that is formed under great heat and pressure buried under sedimentary rocks. The three main attributes of oil are:
Density: The ratio between mass and volume
Viscosity: Internal resistance to flow, or ‘thickness’
Solubility: The ability to dissolve in a solvent
“Crude oil is classified as light, medium or heavy, according to its measured API [American Petroleum Institute] gravity.
API Gravity is a measure of how heavy or how light a petroleum liquid is compared to water. If it’s API gravity is greater than 10, it is lighter and floats on water, if less that 10, it is heavier and sinks.”
Heavy oil, also referred to as Non-Conventional Oil, rises slowly and is highly-viscous, which makes it more expensive, more difficult and slower than light, or medium oil.
Quattro Exploration & Production currently produces 240 bbl of heavy oil and 305 bbl of light oil per day. To learn more about Quattro, Join their investor group on 8020 Connect and become informed.
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