This Day On The Street
Continue to site
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

OriginOil’s CLEAN-FRAC™ Water Treatment System Yields Successful First Field Results

OriginOil, Inc. (OTCBB: OOIL), the developer of a breakthrough energy production process for the oil and algae industries, today announced its CLEAN-FRAC™ water treatment system for the oil and gas industry successfully completed its first field testing on produced water at an oil well in Lost Hills near Bakersfield, California.

The field trials demonstrated that the process removes almost all organics, suspended solids and bacteria from produced water, demonstrating the potential impact of OriginOil’s technology in enabling oil operators to extract more petroleum from process water and reduce fresh water use. A video documenting the success of OriginOil’s Mobile Lab is available at www.vimeo.com/60586952.

Les Cufaude and Dale Hankins of Pacific Coast Exploration hosted the testing and were surprised that the system was able to recover as much oil from the water as it did. Until now, they had believed that their produced water was almost entirely oil free. Cufaude remarked on how much more oil the company could recover and sell. Hankins, a 40-year industry veteran, stated, “I see many applications for your technology in the oil patch. OriginOil has a winner here.”

“These first field trials confirmed what we’ve seen in the lab— up to a 99% reduction of organics in a matter of minutes,” said Riggs Eckelberry, OriginOil’s Chief Executive Officer. “This marks a major milestone as we refine and scale our technology for commercial deployment in the oil and gas industry. By increasing the amount of recoverable oil for producers, we have the potential for a compelling economic benefit. We now plan to take this equipment to Texas for similar demonstrations in San Antonio and Houston in late March.”

The CLEAN-FRAC system is a chemical free, continuous process that employs low-energy technologies to decontaminate produced or ‘frac flowback’ water. It is the first stage of any multi-stage water treatment system designed for recycling or purifying to drinking water.

1 of 3

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
Only $9.95
14-Days Free
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 18,024.06 +183.54 1.03%
S&P 500 2,108.29 +22.78 1.09%
NASDAQ 5,005.3910 +63.9670 1.29%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs