Skye Petroleum, Inc. report that the first chemical sales revenue for its paraffin inhibitor technology was realized in the fourth quarter in the states of Texas and Pennsylvania. The company developed a sales team in the third quarter of 2011 in order to expand and increase its revenue potential. Skye has produced revenue from its own oil leases as well as from its production sharing contract in northwest Pennsylvania. The company anticipates further growth in sales in 2012.

Skye continues to experience ongoing positive test results of its proprietary chemical technology in both Texas and Pennsylvania. Rick Tallini of Otto Torpedo Company in Pleasantville, PA recently reported the following after using Skye's pretreatment chemical process on a well in northwest PA.

Tags: Inc., Skye Petroleum