Southern Petroleum Laboratories, Inc. Awarded Patents on New Allocation Methods

    HOUSTON, TX, March 11, 2011 /24-7PressRelease/ -- Southern Petroleum Laboratories, Inc. ("SPL") has received three new patents on its newly developed allocation method.

SPL has long been a leader in offering technical services to the oil and gas industry, focusing primarily on petroleum analytical and field services. But the invention of new allocation methods and software has turned the tables to spotlight the allocation and oil & gas accounting services that are offered by SPL.

By utilizing an executive dashboard, clients can continually monitor the streams and data tracked on energy transfer as molecules experience phase changes. Identifying and accounting for all components in a production or natural gas stream ensures that the value of the injection stream is precise and accurate.

The new methods not only serve as an accurate allocation tool, but enable the user to determine which streams were enriched and which streams were diluted due to the commingling effects. Using this new tool will allow for the quantification of these effects to a dollar amount.

The methods are quickly being utilized for both production allocations and are being written into Production Handling Agreements as a way to determine commercial fees for host facilities. "The new methods are the most accurate way to ascertain the effects of commingling hydrocarbon streams available to industry today," said Mark Brown, President of SPL's Allocation and Oil & Gas Accounting division.

The newly released patents coincide with the current efforts being undertaken by API to document the best practices in production allocation methodologies. The new methods will also be utilized in the allocation of Green House Gasses (GHGs).

About Southern Petroleum Laboratories, Inc.:

Established in 1944, SPL was one of the first major suppliers to service the exploration & production, petrochemical, refining, pipeline and retail markets with petroleum and environmental testing services. Today, SPL is recognized globally as an industry leader in oil and gas measurement, allocations, auditing, and laboratory services. The company has performed work throughout the United States as well as international markets that include the China Sea, Kuwait, Libya, Mexico, Peru, Saudi Arabia, and Yemen.

As a top supplier in the market sector, SPL's hydrocarbon services include testing of gas and liquid samples, refinery gases, green house gases, sulfur compounds, petroleum fingerprinting, and forensic analysis. SPL field services include liquid and gas measurement accounting, allocations, and consulting services. With over 60 years of accurate analysis and exceptional customer service, SPL has proven that it is a sustained leader in the industry.

For more information about SPL, please visit their website at www.spl-inc.com.

Contact:

Debbi Romero
Director of Marketing
Southern Petroleum Laboratories, Inc.
Phone: 337-288-8894
Website: www.spl-inc.com

# # #