This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

STW Resources Successfully Completes Produced Water Reclamation Pilot For Oil And Gas Producers In Texas' Permian Basin

Stocks in this article: STWS

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

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Jim Cramer and Stephanie Link reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

Jim Cramer's protégé, David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
Try it NOW
Try it NOW
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

Jim Cramer's protégé, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 17,164.95 -251.90 -1.45%
S&P 500 1,994.99 -26.26 -1.30%
NASDAQ 4,635.24 -48.1670 -1.03%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs