After a well drilled its natural pressure...

NEW YORK (CNNMoney) - In times of rising oil prices and concerns about shrinking supplies, it makes sense to get as much crude may for any good. After a well drilled its natural pressure gradually decreases, eventually making it too expensive to pump out remaining oil. Although it may seem dry, with two thirds of oil remains underground. Enter Glory Energy and bacteria. Using technology originally developed in India in Houston Glory uses a new system to stimulate the growth of bacteria in oil wells. As bacteria grow in oil drops, it becomes a cloak and allowing it to flow more easily. Our strategy is to move from brute force in biology, said executive director Glory Stewart page. Revival of old wells: Glory technology aimed at older wells where the natural pressure is decreased until the oil no longer flows to the surface itself. From 5000000 or so barrels >> << everyday, about half come from these wells, said Page. Glory is only one operating in this space, there are a number of companies and technologies that support production is only natural pressure decreases. Injecting water, carbon dioxide and natural gas all common ways to maintain pressure in the borehole. Glory Technology is working with wells that use water to maintain pressure and force oil to the surface. The company will take a sample in particular bacteria present in the well and then develop their own nutrients in his cheap strattera laboratory, he believes, will encourage the bacteria to grow in water. Then he introduces these nutrients into the well, in addition to measures for water development and circulation, which allows bacteria to grow. Paige said, the impact on water quality in the hole - not drinking water - is minimal. In fact, he said that water often comes back clean, then, before the process was started. In addition to rising oil drops on yourself and making them more viscous, Page said, the bacteria also change the size of drops and bring more oil to the surface. Page estimated technology can make old oil wells for 30% more productive. There billions of barrels of oil available without drilling a hole, he said. From the four corners of the world: the company is really a product of globalization era, firms with marriage four continents. The technology was developed by the Indian National Oil Company since the early 1990's. In 2005, New York private investment firm founded Glory. They quickly advanced technology at the expense of buying clothes Argentine biotech and oil field experience in partnership with Norwegian Statoil. The company attracted the attention of influential people in the industry. Earlier this year, Glory was one of the few companies selected to present the panel of innovators at the annual energy conference IHS Cambridge Energy Research Associates "in Houston, the largest oil conference in the United States. ,

), Utility NRG (,

) and ConocoPhillips (,

). However, the problem for upstart firms operating in the giant lot. Chief among them is getting oil companies to invest more money in projects that have cost them millions if not billions of dollars. Because of the high costs associated with the development of oil wells, major oil companies are not known to be fast engines when it comes to adopting new technologies, said Neal Dingmann, managing director of market analysis shares SunTrust Robinson Humphrey in Houston. In addition, many major oil companies and large firms oilfield companies Halliburton (,

), are developing similar technologies in the home. You take on the big boys right said Dingmann. To succeed, he said that a company like Glory takes to get an eminent oil company take the technology, others will see that it really works. Page said the company is still privately owned, working on doing just that. He said he told Glory talks with a half dozen oil companies, at present, and plans to announce its first commercial partnership next week with a smaller U.S. oil companies. But he said an agreement with major oil company may be on the horizon. .