MIDLAND, Texas, March 28, 2012 /PRNewswire/ -- STW Resources Holding Corp. (OTC QB: STWS), a water reclamation services company, which has been operating a water processing pilot program in the Permian Basin for several producers, today announced that certified lab testing results from independent Xenco Laboratories show that its reclaimed oilfield-produced water meets industry standards for reuse in oil and gas drilling operations.
STW Resources deployed a proprietary mobile water processing system in partnership with Bob J. Johnson & Associates, Houston Texas, its engineering and design firm. The Company is conducting demonstrations for several major oil and gas producers in the Permian Basin.
The company said that over the next thirty days, STW and Bob Johnson's team will be operating the system to demonstrate its efficacy and efficiency, in order to help facilitate water processing contracts with several of the oil and gas producers.STW said it is already in various stages of contract discussions to deploy fixed and/or mobile systems to process and reclaim produced, brackish, and/or frac water with producers in the Permian Basin. The company said that the volumes range from 5,000 to 60,000 barrels per day for each producer. "Now that our process for cleaning oilfield and brackish water has been certified to meet industry specifications, STW expects to gain contracts from the oil and gas companies to process produced and/or brackish water for reuse in their drilling and fracking operations," said Stanley Weiner, CEO of STW Resources. Weiner said that revenues from these projects are based on a per barrel processing fee that can be competitive or significantly less than an operator's total cost of water, including raw water costs, disposal fees, and water transfer and/or transportation costs. The STW water processing systems will be located where drilling operations are taking place, thus reducing the water transfer and disposal costs
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 Plus 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