STW Resources To Deploy Fleet Of Aquatech Mobile Evaporator (MoVapâ¿¢) Units For Reclamation Of Water
MIDLAND, Texas, Dec. 8, 2010 /PRNewswire/ -- STW Resources Holding Corp. ("STW Resources") (OTC Bulletin Board: STWS), a water reclamation services company, has signed an agreement with Aquatech International of Canonsburg, PA, a global leader in water purification technology. Under terms of the agreement, STW will purchase and/or lease a fleet of mobile units for the treatment and reclamation of hydraulic fracture flow-back and produced waters from oil and gas production.
Stanley Weiner, CEO of STW Resources commented, "Our agreement with Aquatech is part of STW's roadmap to provide water reclamation to producers in the Marcellus Shale region. Working closely with manufacturers enhances our customer's experience and closes contracts more quickly. Mobile water reclamation units utilizing a proven water evaporation technology can potentially save oil and gas production companies up to 50% of the cost of handling contaminated water and returning processed water to the oil & gas operator for reuse, while also providing environmental benefits."
Aquatech's mobile technology line includes products such as MoTreat™, a suspended solids separation, filtration, and disinfection unit, and MoVap™, an evaporator / distiller. These products address challenges that oil and gas companies face regarding the handling of waste water by processing the water on-site, thus eliminating the need to truck the waste water to disposal sites. The mobile units can be rapidly moved from site to site to meet changes in demand. On-site processing is environmentally friendly and reduces expenses associated with the transportation and remote processing or disposal.
STW Resources is committed to deploying state-of-the-art technology for its oil and gas customers, as evidenced by this agreement with Aquatech for the first-ever mobile unit for cleaning and reclaiming oil & gas waste waters.Under the terms of the agreement, STW has identified the economics and has the right to purchase or lease the Aquatech mobile water treatment and evaporation units. STW will begin deploying these units in the Marcellus Shale gas region of Pennsylvania. Devesh Mittal, VP of Industrial Solutions at Aquatech commented, "The combined oil and gas industry experience of STW and Aquatech will provide customers with cost effective and reliable solutions at drilling sites. Aquatech mobile units are complemented by our modular units including crystallization at central treatment facilities to achieve zero liquid discharge, thus offering a complete solution to the oil and gas customer that is environmentally friendly and economically viable" About Aquatech Headquartered in Canonsburg, PA, Aquatech ( www.aquatech.com) is a global leader in water purification technology for the industrial and infrastructure markets with a focus on desalination, water reuse, crystallization and zero liquid discharge. As a leader in produced water treatment, Aquatech has over 1,000,000 barrels per day existing produced water treatment capacity with EPC, O&M, and onsite services capabilities to suit logistics of project sites throughout the world. About STW Resources STW Resources, Inc., Midland, Texas, provides customized water reclamation services. STW's core expertise is an understanding of water chemistry and its application to the analysis and remediation of complex water reclamation projects. STW provides a complete solution throughout all phases of a water reclamation project, including analysis, design, evaluation, implementation and operations. For more information, go to: www.stwresources.com . SOURCE STW Resources Holding Corp.
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV