A letter of intent signed by Ecosphere Technologies (OTCBB: ESPH) with Okla.-based Williams calls for the former to provide mobile water recycling services at select well sites. The two companies will work closely together to submit all application and paperwork to the Texas Railroad Commission for final approval of the wells.
“We are very honored that Williams has chosen to work with Ecosphere to help preserve, protect and enhance vital water resources and the quality of the environment in the Barnett Shale,” stated Ecosphere President Dennis McGuire.
Ecosphere is a water engineering and services company. The Barnett Shale and greater Fort Worth Basin has shown potential for natural gas production. Recycling flowback water at the well site with Ecosphere’s Ozonix technology can reduce well completion costs by preserving water resources, as well as decrease traffic and associated CO2 emissions from trucks hauling water to and from the drilling location.
Williams’ Bob Gibson stated, “As a company, we believe in responsible development and doing things the right way. We are committed to working with our neighbors and landowners in a manner that respects their local interests. We look forward to starting this effort, pending final approval from the Texas Railroad Commission.”
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