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Published Sep 3, 2008
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Ecosphere Technologies Inc., Stuart, Fla., (OTCBB: ESPH) has signed a letter of intent to enter into an Eco-Alliance Water Recycling Pilot Program with Tulsa, Okla.-based Williams to support operations in the Barnett shale.
Ecosphere president Dennis McGuire says that the letter of intent calls for the company 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.
“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,” McGuire says.
Williams' Bob Gibson says, “As a company, we believe in responsible development and doing things the right way. We're 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.”
McGuire says that with the potential for gas production growing in the Barnett shale and the greater Fort Worth Basin, proactive steps are being taken by energy companies to protect the environment. Recycling flowback water at the well site with Ecosphere technology has the potential to reduce well completion costs by preserving water resources as well as decrease traffic and associated carbon dioxide emissions from trucks hauling water to and from the drilling location. JAS
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