Ecosphere Technologies, Inc. (ESPH.OB) Signs Long-Term Agreement with Affiliates of Southwestern Energy Company to Deliver 24 EcosFrac Tanks
QualityStocks (July 10th, 2009) Writes:
Ecosphere Technologies, Inc., a diversified water engineering and services company primarily focused on the natural gas industry, recently announced that the company’s oil and gas environmental services subsidiary, Ecosphere Energy Services, Inc. has signed a long-term agreement with two wholly owned subsidiaries of SEECO, Inc. to deliver 24 of its EcosFrac EF-600 units within the next 150 days.
Ecosphere’s EcosFrac technology kills bacteria in water used during hydraulic fracturing without the use of toxic chemicals. This master service agreement calls for Ecosphere Energy Services to provide its environmental services to SEECO’s subsidiaries for a minimum of two years with a maximum of five years.
Dennis McGuire, Ecosphere Energy Services president, stated, “During our recent pilot program in the Fayetteville Shale, we demonstrated that our EcosFrac technology is effective killing bacteria at the volumes and rates required during hydraulic fracturing without the use of chemical biocides.” He concluded, “We are pleased to
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