Ecosphere Technologies, Inc. (ESPH.OB) Treatment System Approved for Water Recycling Plant
Source: http://Blog.QualityStocks.net/?p=16396Posted on Monday, July 20th, 2009 | In Market Commentary, Small & Micro Cap
Ecosphere Technologies, Inc., a diversified water engineering and services company primarily focused on the natural gas industry, announced that the Corporation Commission of Oklahoma approved a permit application by Newfield Exploration Mid-Continent, Inc. to build and operate a water recycling plant utilizing the Ecosphere Ozonix Water Treatment System for two years. Newfield is now able to process frac flowback water into freshwater and brine utilizing Ecosphere’s Ozonix System.
Ecosphere Energy Services, LLC, President, Dennis McGuire stated, “We appreciate the Commission’s granting of the permit to utilize our Ozonix technology in Oklahoma. Their representatives visited our site twice during the pilot program to witness the Ozonix System working and took samples for independent testing. It was a lengthy and deliberate procedure to gain Commission approval and their efforts will help to preserve Oklahoma’s precious water resources.”
He continued, “The Ecosphere Ozonix System will also result in fewer trucks on the road hauling water which will reduce both carbon emissions and a waste stream from drilling operations. The frac flowback waste stream will be recycled for fracturing new wells or returned to the environment through land application. We also want to thank Newfield for having the vision to work with Ecosphere’s cutting edge technology to develop cost effective ways to recycle water for fracturing natural gas wells.”
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