Friday, June 24, 2011
Aqua-Pure Ventures Inc.
Fountain Quail, a wholly owned subsidiary of Aqua-Pure Ventures, announced it will expand operations into the Eagle Ford Shale in South Texas through a subcontracting agreement with NAC Services, LLC, an affiliate of Noise Attenuation Construction Services. Terms of the agreement were not released.
Fountain Quail will initially send two Nomad units to NAC's water purification treatment center in Kenedy, Texas, to recycle wastewater generated during the process of extracting oil and natural gas from the Eagle Ford Shale. The Company expects to employ approximately 15 workers at the new facility, which will have the capacity to recycle roughly 5,000 barrels of flowback and produced water per day. The agreement calls for an initial term of five years, with the option to renew for another five-year term.
"We have been eyeing the Eagle Ford for some time, looking for the right opportunity to expand into this emerging shale play," said Jake Halldorson, chief executive officer of Calgary-based Aqua-Pure Ventures, the premier recycler of industrial wastewater in North America. "We're pleased to have negotiated a mutually beneficial relationship with NAC, and we look forward to bringing our industry-leading recycling technologies to a region where preserving fresh water resources is paramount."
Fountain Quail has developed and refined its patented, industry-leading technology for recycling flowback and produced water over the past seven years in North Texas' Barnett Shale. During that time, the Company has recycled more than 14 million barrels of shale gas wastewater that would otherwise have been injected into disposal wells and permanently removed from the hydrological cycle. The company's technology is also currently being utilized in the Marcellus Shale.
"We contracted with Fountain Quail because they provide the most advanced, cost-effective recycling technology in the industry," said Mando Gutierrez of Noise Attenuation Construction (NAC), LLC of Weatherford, TX. "The need for their services in the Eagle Ford is already great, and expected to grow exponentially over the months ahead."
In addition to recycling wastewater into distilled or treated water for re-use in hydraulic fracturing operations, Fountain Quail and NAC will sell the concentrated brine and other byproducts of the recycling process.
Aqua-Pure is currently evaluating opportunities to expand into additional shale plays across North America later this year.
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