This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
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

ThermoEnergy Corporation Signs Deal To Deploy Mobile Frack Water Production System

WORCESTER, Mass., July 19, 2012 /PRNewswire/ --  ThermoEnergy Corp. (OTCBB: TMEN), a diversified technologies company engaged in the development and sales of wastewater recovery and power generation technologies, has announced the signing of a contract to deliver ThermoEnergy's first commercial frack water production system to an oil and gas services company.  

(Logo: http://photos.prnewswire.com/prnh/20100816/CL50460LOGO )

In early 2012, the company made a strategic decision to focus on providing water generation and treatment services associated with hydraulic fracturing (frack-water) used in recovering oil and gas from shale formations. The estimated market for recycling and the treatment of this water was $18 billion in 2011 and rapidly growing in 2012.

"ThermoEnergy's frack-water units are completely self-contained and can be deployed to multiple locations compared to many of our competitors who only sell stationary units," said ThermoEnergy Chairman and Chief Executive Officer, Cary Bullock.   "We expect to not only sell multiple frack-water units but also to provide recurring revenue services to our clients for a number of hydrofracking applications in oil and gas production."

The contract was awarded to ThermoEnergy following two highly successful pilot tests performed using ThermoEnergy mobile demonstration units.   The first demonstrated technology capable of upgrading local waters for use in fracking operations on a highly economical basis.   The second demonstrated technology for providing an improved and more cost effect approach for treating produced waters associated with oil and gas extraction.  

"ThermoEnergy's proprietary wastewater recovery technologies are particularly well suited for the recovery of frack-grade water from local aquifers as well as for the recovery and recycling of usable water from produced and flowback water created by the hydrofracking process," said Bullock. "These systems will provide major improvements in hydrofracking sustainability and cost efficiencies."

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr 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

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

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!
SYM TRADE IT LAST %CHG

Markets

DOW 17,712.66 +34.43 0.19%
S&P 500 2,061.02 +4.87 0.24%
NASDAQ 4,891.2190 +27.8570 0.57%

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