ProWater Expands Into Bakken Shale, Drills State of the Art Saltwater Disposal Well
(firmenpresse) - DENVER, CO and CARTWRIGHT, ND -- (Marketwire) -- 05/30/12 -- Sustainable Environmental Technologies Corp.'s ("") (OTCQB: SETS) (PINKSHEETS: SETS) wholly owned subsidiary has begun drilling saltwater disposal well (SWD) CL 11-2 in the midst of one of the Bakken Shale's hotbeds for new shale oil wells. CL 11-2 is the first in a new class of state of the art, highly automated SWD facilities to be launched anywhere in the US.
Each shale oil well produces thousands of barrels of wastewater that is laden with organics, large amount of salt, minerals and substances that require the services of saltwater disposal wells for proper disposal.
"Our CL 11-2 well is ideally located within 1000 feet of a soon-to-be-drilled oil well and multiple oil wells within a 10-mile radius," pronounced Keith Morlock, President of ProWater and V.P. of SET Corp. "We'll be providing critical services to nearby wells, relieving them of the expense of trucking produced water to far off SWD wells, while preserving the environment by reducing road wear, tear and emissions. Additionally, our ProWater facilities can recover oil particles and other components from the water, enabling us to provide the treated recycled water for other oil field water needs while greatly reducing their demand for fresh water from other sources."
ProWater's first SWD well in the Bakken formation, is located near a major highway, in Cartwright, N.D., McKenzie County. Once drilling is finished, ProWater will complete installation of the Centerline SWD system and begin testing the system with small volumes of produced water, then gradually ramp up production. The company anticipates that by yearend, well CL 11-2 will be processing more then half of its capacity of 8,000 to 10,000 barrels per day of produced water.
ProWater's Centerline SWD™ system is a fully modular, movable system that can be built year round in climate-controlled facilities and quickly erected when and where needed. This is a key factor in locales such as the Bakken Shale formation where winter temperatures can reach -40°F (-40°C).
Sustainable Environmental Technologies Corp. (SET Corp), through subsidiaries such as ProWater, LLC, acquires, develops and markets strategic technologies that responsibly and economically solve environmental issues to bridge the gap between today's energy inefficient facilities and the sustainable development and design needs of tomorrow. SET Corp.'s technologies deliver essential resources for business operations while reducing its customers' environmental impact and conserving essential and diminishing resources. SET Corp.'s offering includes treatment, recovery, reclamation and re-injection services for produced water from oil and gas production and ultra-efficient tri-gen systems that offer combined cooling, heating, and power generation with the added capability of water production from a single energy source. or
This press release contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 regarding the Company's results of operation, financial position and long-term strategies. These forward-looking statements involve risks and uncertainties that include, among others, risks related to competition, management of growth, new products, services and technologies, potential fluctuations in operating results, international expansion, commercial agreements, acquisitions and strategic transactions, and fraud. More information about factors that potentially could affect SET Corp's financial results are included in SET Corp's filings with the Securities and Exchange Commission, including its most recent Annual Report on Form 10-Q or 10-K and subsequent filings.
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For SET Corp or ProWater information:
Investors:
SET Corp
+1 801 810 9888
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ProWater
+1 303 937 6556
Media:
Julie Shepherd
Accentuate PR
+1 801 810 9888 X701
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Datum: 30.05.2012 - 06:27 Uhr
Sprache: Deutsch
News-ID 1119084
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