STUART, Fla., Oct. 31, 2013 (GLOBE NEWSWIRE) -- Ecosphere Technologies, Inc. (OTCBB:ESPH), a water engineering, technology licensing and innovative U.S. manufacturing company, today announced that Fidelity National Environmental Solutions ("FNES"), formerly Ecosphere Energy Services, has been named Water Management Company of the Year in the Midcontinent Oil & Gas Awards.
The Midcontinent Oil and Gas Awards is a platform for the oil and gas industry to demonstrate and celebrate the advances made in the key areas of environmental stewardship, efficiency, innovation, corporate social responsibility and health & safety. The awards were announced on Tuesday, October 29, at a gala dinner at the National Cowboy & Western Heritage Museum in Oklahoma City.
William P. Foley, II, Chairman of FNES, stated, "Being awarded Water Management Company of the Year is a significant honor and is indicative of our leadership in providing environmental solutions to the oil and natural gas industry. We expect to see increasing demand for Ecosphere's patented Ozonix® water treatment technology in the coming years as operators look to replace conventional liquid chemicals and treat, recycle and re-use 100% of flowback and produced waters during hydraulic fracturing operations. Ozonix® allows operators to save millions of gallons of water at each well site, which reduces operating costs and eliminates the need for deep well injection disposal of this valuable resource.""We are honored to be awarded Water Management Company of the Year in the Midcontinent Oil and Gas Awards," said Robbie Cathey, Chief Executive Officer of FNES. "Since 2008, FNES has been treating and recycling billions of gallons of flowback and produced waters in the Woodford and Fayetteville shale plays for major companies in the midcontinent region. This region is critical to our nation's energy supply and we are proud to contribute to its development by enabling our customers to cost-effectively manage water resources without the use of harmful chemicals."