Frac Water Treatment: Water Stocks to Watch: (OTCBB:ABHD), (OTCBB:ESPH), (GRH), (OTCBB:WSCE)
Water sector buzzing about opportunities in energy sector
Category: Investment, Water, Renewable Energy
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Point Roberts, WA - November 22, 2011 – Investorideas.com, a leader in sector research including water stocks and energy stocks issues a snapshot of four water stocks with technologies that are being used in the energy sector for remediation of produced and or frac water.
As new rules and regulations governing the oil and gas industry are introduced , the treatment of frac water and produced water create a problem for the energy industry but a booming business opportunity for the water companies with technologies that provide solutions .
As the Wall Street Journal recently stated, "The growing volume of dirty water produced in shale-gas drilling has triggered a gold rush among water-treatment companies."
AbTech Holdings, Inc.(OTCBB: ABHD) announced last week the successful completion of field testing of its Smart Sponge® Mixed Media Contactor ("Contactor") to treat produced water at a Wyoming natural gas exploration and production site. The AbTech Contactors were designed to remove the hydrocarbons present in the produced water in order to protect and thereby substantially increase the useful life of downstream treatment equipment and technologies including a reverse osmosis system. The Smart Sponge Mixed Media Contactors removed 99.99% of the free oil and dissolved phase hydrocarbons (BTEX). Field testing and data collection was done under rigorous conditions throughout the fall of 2011.
Ecosphere Technologies, Inc (OTCBB:ESPH) announced that its majority-owned subsidiary, Ecosphere Energy Services, LLC has treated approximately 1.095 billion gallons of frac water since 2008 for major energy exploration and production companies to eliminate chemicals and preserve vital water resources.
GreenHunter Water, LLC, a wholly owned subsidiary of GreenHunter Energy, Inc. (NYSE Amex: GRH), announced earlier this month that it has secured a significant new order to provide equipment rental and services which include thirty (30) new frac storage tanks to an independent oil and gas operator active in the Eagle Ford Shale drilling region of South Texas. Delivery of the new frac tanks was completed approximately one week ago. The initial one year contract includes rental and management of multiple sized fluid tanks, including 500 BBL water storage tanks, manifolds and other services. This new customer is also exploring other business opportunities offered by GreenHunter's Total Water Management Solutions™. These include water treatment and reuse of "clean brine", RAMCAT™ remote access monitoring equipment, water hauling and commercial salt water disposal, and advanced logistics optimization.
Wescorp Energy Inc. (OTCBB:WSCE) is focused on applications for environmental remediation, metering and measurement, oil and gas field intelligence solutions, and solutions for unconventional oil and gas. The company's technology has been field tested for produced water but has frac water applications as well . H2Omaxx utilizes proprietary next generation aeration technology to clean and separate oil and solids from water. It has been proven to be safe, effective, economical and an environmentally-friendly process. Independent test results have shown the H20maxx technology will reduce the oil content in oil well produced water to less than 10 parts per million without the use of chemicals, filters or heat.
*Wall Street Journal source: http://online.wsj.com/article_email/SB10001424053111903918104576502562678793674-lMyQjAxMTAxMDEwMjExNDIyWj.html?mod=wsj_share_email
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