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March 4, 2013 /PRNewswire/ -- STW Resources Holding Corp. ("STW") (STWS.PK), an oilfield services and water reclamation company, today announced that along with Black Wolf Enterprises it has expanded its oilfield infrastructure services business with three new contracts. STW oversees business development, integration and marketing for Black Wolf, of which STW owns ten percent.
The contracts with three producers in
West Texas are to provide construction and maintenance of lease roads, pit closures, construction of drill site locations, reserve pits and frac water ponds using heavy earth moving equipment. Black Wolf's expansion includes two additional "spreads", each a five to six man crew and equipment including bulldozers, maintainers, compaction rollers and water trucks. STW Chief Operating Officer
Lee Maddox, said, "Our work with Black Wolf Enterprises also provides us the opportunity to execute our marketing and sales strategy by providing supplementary services to these customers." These services include construction of production facilities, environmental and remediation services, conservation efforts such as evaporation covers for frac ponds, and the recycling of produced and flowback waters.
Maddox added: "Black Wolf's Master Service Agreements with oil and gas operators in the Permian Basin are great platforms for STW's growth by facilitating our marketing strategy of crossover sales." He explained that the company's immediate growth plans include the continued deployment of additional spreads to keep up with demand from new contracts.
STW Resources Holding Corp. STW Resources Holdings Corp. provides customized water analysis, reclamation and remediation services to a variety of complex industrial and municipal applications throughout several geographic locations. As an independent solutions provider, STW utilizes proven technologies from various well-known manufacturers. These technologies are available as fixed or mobile units with varying capabilities. STW's process ensures that the most effective and efficient technologies are implemented. Current potential project locations include the Eagle Ford Shale (TX), and the West Texas Delaware and Permian Basins (TX).
About Black Wolf, LLC: Black Wolf Enterprises is a joint venture with Lone Wolf Resources, LLC (LWR), an environmental superfund remediation company that is providing the heavy equipment and operations management and Black Pearl Energy, LLC (BPE), a provider of multi-layer liner systems and evaporation covers. Black Wolf builds and provides services and maintenance for drill sites, reserve pits, frac ponds, roads, pit closings, liners, leak detection systems, and evaporation covers. The company also offers turnkey services for permitted ponds; including surveys, engineering and design, as well as permitting for storage of produced and brine waters.
Forward-Looking Statements This news release contains forward-looking statements about our business, or financial condition and prospects that reflect our assumptions and beliefs based on information currently available. We can give no assurance that the expectations indicated by such forward-looking statements will be realized. There may be other risks and circumstances that we are unable to predict. When used in this news release, words such as "believes," "expects," "intends," "plans," "anticipates," "estimates" and similar expressions are intended to identify forward-looking statements, although there may be certain forward-looking statements not accompanied by such expressions. Investors should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The company's actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including risks discussed in the company's periodic reports that are filed with the Securities and Exchange Commission and available on its website (
www.sec.gov ). All forward-looking statements attributable to the Company or to persons acting on its behalf are expressly qualified in their entirety by these factors other than as required under the securities laws. The Company does not assume a duty to update these forward-looking statements.
SOURCE STW Resources Holding Corp.