David JacksonHOPKINS COUNTY, KY (1/26/12) – Madisonville Mayor, David Jackson, hosted a gathering Thursday morning to spotlight a growing Madisonville company, Navitas Land and Mineral. The company is an oil drilling company with office on Lantaff Blvd. in Madisonville.
 
The company will be doubling its payroll to $8 million this year up from $2.5 million in 2011. This growth is due in part to investments by two Chinese families. The families are in town, so Jackson took the opportunity to welcome the new investors and highlight the growing business.
 
“We welcome the direct and indirect employment they provide as well as their other investment and acquisition in excess of $9 million dollars into the Western Kentucky Community.” Jackson said.
 
Navitas was formed in 2009 and has acquired 3 significant leases and has optioned additional leases all in the Illinois Basin. The company will be developing the Oakley Field in Hopkins County Kentucky. Jackson said that Navitas is using Enhanced Oil Recovery methods and is one of the most advanced systems in the state of Kentucky.
 
Company owner, Dan Williams, said that the company injects liquid carbon dioxide (CO2) into wells. When the CO2 warms deep underground, it evaporates into gas and creates a high pressure state in the rock holding oil. The oil is displaced and collected. Some CO2 is collected with the oil and that gas is cooled and reused. Williams said that the process is used at depths in excess of 2,900 feet below the ground. Most of the CO2 remains underground. The CO2 is produced and collected at an ethanol plant in Hopkinsville and would otherwise be released into the atmosphere.
 
Williams said that the process is not regulated by the State of Kentucky but feels that the process is totally safe. He points out that CO2 is not flammable, explosive or toxic. He refers to the process as “Huff and Puff”. The company drilled 29 wells in 2011 using 2 drill rigs. For 2012, Williams estimates that the company will drill 50 wells using 4 rigs.
 
Attending the reception was Xiaohua Mao, investor and Government Liaison between China and the U.S. along with her son James F. Zhang; Long Zhang, investor and husband of Xiaohua; Rui Yang; Navitas Consultants – Brian Brick and Mark Michaud. Members of the Madisonville City Council as well as Hopkins County Judge Executive, Donnie Carroll were in attendance.
 

chinese mayor

Ron Sanders
SurfKY News

LIKE SurfKY on Facebook - Click here to LIKE us now.

© Copyright 2015 SurfKY News Group, Inc. All rights reserved. This material may not be published, broadcast, or rewritten without permission. SurfKY News encourages you to share this story on social media.

3/13 - 16

In Other News...

Basketball Goals in the Street Place Children at Risk

HOPKINSVILLE, Ky. (3/31/15) — The Hopkinsville Police Department has begun receiving calls regarding children playing… Read More

Webster County Traffic Advisory

WEBSTER COUNTY, Ky. (3/30/15) — A contractor for the Kentucky Transportation Cabinet plans to restrict traffic to one… Read More
3/13 - 16

Most Read This Week

March 27, 2015 6084

Three Arrested during Execution of Search…

by Madisonville Police Department/Hopkins County Detention Center
March 25, 2015 5548

Fazoli's, Roses Coming to Madisonville

by Amber Averitt, SurfKY News
March 24, 2015 5252

One Dies, Another Injured in Mortons Gap Traffic…

by Deputy Heath Owens
March 25, 2015 5200

Grand Jury Finds No Criminal Wrongdoing in Bean…

by Doreen Dennis, SurfKY News
March 30, 2015 4873

Man Charged with Child Abuse After Allegedly…

by Madisonville Police Department
March 24, 2015 4340

UPDATE: One Injured in Hopkinsville Road Accident

by Doreen Dennis, SurfKY News

Most Read This Month

March 09, 2015 14213

Multi-Agency Drug Bust Results in $1 Million Meth…

by KSP DESI
March 02, 2015 11701

Madisonville Teen Faces Numerous Drug Charges

by Madisonville Police Department/Hopkins County Detention Center

Stories Trending Today

March 30, 2015 4873

Man Charged with Child Abuse After Allegedly…

by Madisonville Police Department
March 30, 2015 2760

Man Charged for Selling Drugs from Red Cardinal…

by Madisonville Police Department
March 30, 2015 2728

Juvenile Arrested for Cruelty to Animals

by Hopkins County Sheriff's Office
March 30, 2015 2714

Two Charged in Bremen Meth Bust

by Sheriff Curtis McGehee
March 30, 2015 2426

Report of Suspicious Man Ends with PI, Meth…

by Madisonville Police Department
March 31, 2015 1938

Man Charged for Driving While under Influence of…

by Madisonville Police Department
March 30, 2015 1555

Madisonville Police Arrest Reports - March 30,…

by Madisonville Police Department
March 29, 2015 1554

Huge Turnout Joins to Support Shanice Bean Family

by Tammy Holloway, SurfKY News
March 31, 2015 1273

Happenings and Meetings - Hopkins County

by Amber Averitt, SurfKY News
March 30, 2015 1226

Hopkins County Sheriff's Arrest Reports

by Hopkins County Sheriff's Office