We would like to highlight Ecosphere Technologies Inc. (OTCBB: ESPH). The company is a diversified water engineering and services company primarily focused on the natural gas industry. The company provides water recycling services at the well site to provide clean water for energy companies to extract natural gas from unconventional shale plays.
In the company’s recent news,
Ecosphere Technologies announced an agreement for the company’s 2nd water recycling program. The company announced it has signed a letter of intent to enter into an Eco-Alliance water recycling pilot program with Tulsa, Oklahoma-based Williams Companies.
The letter of intent calls for Ecosphere Technologies to provide its mobile water recycling services to Williams at select well sites in the Barnett Shale. Ecosphere and Williams will work closely to submit all forms and applications to the Texas Railroad Commission for final approval. Ecosphere has already had a similar pilot program approved by the Commission for Devon Energy sites in the Barnett Shale.
With the growth potential of natural gas production in the Barnett Shale, many energy are taking proactive steps to protect the environment. Recycling flowback water with Ecosphere’s Ozonix technology can reduce well completion costs by preserving precious water resources and associated CO2 emissions from trucks hauling water to and from the drilling site.
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