Here's NEWS!! This just might be the silver lining Treaty shareholders have been waiting for. Cheers! Cheers!
Treaty Shareholders will be getting a "Stock Dividend" in the new shares of PRIVCO, as per Treaty's News Release of Aug 29th.
Click on this Link for the story about the Wastewater Cleaning System that will be offered by PRIVCO.... the Oilfield Services company that is to be affiliated with TREATY Energy Corporation..... This will give you a better understanding of what is in the Shareholder Update distributed by TREATY yesterday.
LINK: http://marcellus.com/news/id/2246/abilene-com...ng-system/
Abilene company develops oilfield wastewater cleaning system
Most everyone in the oil and gas world of West Texas knows that water is a prime commodity when it comes to operating a hydraulic fracturing, commonly known as fracking, operation.
And water is scarce in a drought-stricken region.
Inside a container trailer converted into a makeshift laboratory at Lauren Engineering’s fabrication yard, Abilene-based Sandbox Resource Solutions on Thursday launched its Resource Management System, a scientific marvel that turns oil field wastewater into fresh water, company officials say.
“From an oil and gas perspective, we can use that (water) for clean injection fluid as opposed to historically injecting back the wastewater downhole which can clog up the pipe, clog up the well bore and clog up your tanks,” said Sandbox president and chief executive officer Chris Tesarski. ”
Tesarski said the system also will lower the cost for producers who now have to haul massive amounts of fresh water to the drill site and haul wastewater to a dumpsite.
Disposal is expensive — so much so that thousands of wells are inoperative as a result of the cost of hauling off wastewater. Re-injecting the dirty water comes at a price, too — in wear and tear on pumps and hoses caused by the buildup of waste particles over time.
To the nonscientific eye, the system looks like a simple interconnection of pipes and tanks, but for Sandbox, it is the answer to the water woes facing the oil and gas industry, especially in the shale areas.
“The oil field for several years has tried to figure out how to deal with the oil and solids problem,” said J.C. Ireland of Erin Consultants, a Sandbox partner. “There are other systems that try to work on it but are not as effective and cost more.”
Tesarski said shooting clean water downhole reduces the potential for environmental problems, spills “and everything else that happens when your line gets clogged.”
“What was being dumped in a hole has no residual value, but now the fresh water resource we’re creating in what was considered to be garbage waste product is quite substantial,” Tesarski said. “We’re not here to claim that we’re making drinking water.”
The system, Tesarski said, can process 875 gallons of wastewater an hour, about 500 barrels of water a day. The company is now in the works of designing another system to also make use of the waste collected from the processed water.
“We can recapture the oil from (the water) that would have been waste, leaving you with a biomass,” he said. “That biomass, we can’t call that a fertilizer, but you can literally spray that over a crop, so technically, nothing goes to waste.”
Treaty Shareholders will be getting a "Stock Dividend" in the new shares of PRIVCO, as per Treaty's News Release of Aug 29th.
Click on this Link for the story about the Wastewater Cleaning System that will be offered by PRIVCO.... the Oilfield Services company that is to be affiliated with TREATY Energy Corporation..... This will give you a better understanding of what is in the Shareholder Update distributed by TREATY yesterday.
LINK: http://marcellus.com/news/id/2246/abilene-com...ng-system/
Abilene company develops oilfield wastewater cleaning system
Most everyone in the oil and gas world of West Texas knows that water is a prime commodity when it comes to operating a hydraulic fracturing, commonly known as fracking, operation.
And water is scarce in a drought-stricken region.
Inside a container trailer converted into a makeshift laboratory at Lauren Engineering’s fabrication yard, Abilene-based Sandbox Resource Solutions on Thursday launched its Resource Management System, a scientific marvel that turns oil field wastewater into fresh water, company officials say.
“From an oil and gas perspective, we can use that (water) for clean injection fluid as opposed to historically injecting back the wastewater downhole which can clog up the pipe, clog up the well bore and clog up your tanks,” said Sandbox president and chief executive officer Chris Tesarski. ”
Tesarski said the system also will lower the cost for producers who now have to haul massive amounts of fresh water to the drill site and haul wastewater to a dumpsite.
Disposal is expensive — so much so that thousands of wells are inoperative as a result of the cost of hauling off wastewater. Re-injecting the dirty water comes at a price, too — in wear and tear on pumps and hoses caused by the buildup of waste particles over time.
To the nonscientific eye, the system looks like a simple interconnection of pipes and tanks, but for Sandbox, it is the answer to the water woes facing the oil and gas industry, especially in the shale areas.
“The oil field for several years has tried to figure out how to deal with the oil and solids problem,” said J.C. Ireland of Erin Consultants, a Sandbox partner. “There are other systems that try to work on it but are not as effective and cost more.”
Tesarski said shooting clean water downhole reduces the potential for environmental problems, spills “and everything else that happens when your line gets clogged.”
“What was being dumped in a hole has no residual value, but now the fresh water resource we’re creating in what was considered to be garbage waste product is quite substantial,” Tesarski said. “We’re not here to claim that we’re making drinking water.”
The system, Tesarski said, can process 875 gallons of wastewater an hour, about 500 barrels of water a day. The company is now in the works of designing another system to also make use of the waste collected from the processed water.
“We can recapture the oil from (the water) that would have been waste, leaving you with a biomass,” he said. “That biomass, we can’t call that a fertilizer, but you can literally spray that over a crop, so technically, nothing goes to waste.”
