OOIL ALMOST HALF COST OF HALLIBURTON// teamed up

OOIL > ALMOST HALF COST OF HALLIBURTON// teamed up with its first licensee, PACE spinoff PearlH2O, to challenge industry giant Halliburton’s published costs for cleaning flowback water for reuse in wells.

“Halliburton reported on its cost to operate their CleanWave system in the Haynesville shale in 2011, which comes to four cents per gallon of water treated,” said Riggs Eckelberry, OriginOil CEO. “But based on its experience in the Eagle Ford Formation in southeast Texas, PearlH2O estimates it can achieve operating costs as low as 2.5 cents per gallon by integrating our CLEAN-FRAC™ technology, with potentially much better results than CleanWave. We believe this is a revolution in the making for the oil industry and we look forward to scaling up with our partner, PearlH2O.”