NetworkNewsBreaks — Petroteq Energy Inc.’s (TS
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Oil and gas exploration company Petroteq Energy (TSX.V: PQE) (OTCQX: PQEFF) is focusing on environmentally safe oil extraction processes at its Texas mineral leases and a 3,000-acre oil-extraction facility in Utah’s resource-heavy country. An article discussing this reads: “Petroteq Energy’s patent-pending application is a closed-loop, solvent-based process, which results in significantly lower per barrel production costs than those incurred with traditional hot water-based oil sands extraction technologies. This green technology utilizes a small, modular footprint, produces no greenhouse gases, requires no high temperatures, leaves only clean dry sand, and could be deployed to unlock heavy oil deposits located around the world.”
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