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Forbes Interviews OriginOil on Water Shortages

From: Riggs Eckelberry
Los Angeles, November 18, 2013

Good morning!

Water Shortages Could Dry Up Shale Gas Craze   

That was the headline in Forbes yesterday. Ken Silverstein, who writes on global energy, finds that water is becoming a central issue in the fracking industry.

Ken wrote:

Environmentalists won’t stop the shale gas craze. Neither will federal regulators. But a lack of water could possibly do so. And that is why drillers are looking for new ways to find water supplies — or fresh water supplies would be jeopardized as a result of fossil fuel development.

Fortunately, there is a solution: recycling.

Ken went on to quote us extensively. Here’s an excerpt:

“No question: Recycling is the way that the industry is moving,” says Bill Charneski, chief operating officer of OriginOil, in a telephone interview. “It makes economic and environmental sense to do so. “There’s not a technical hurdle and there’s not an economic hurdle. But there is an investment that is required in new equipment, which has a payback that would occur in less than two years.”

Bill-on-ForbesNot bad, an investment that repays itself in 18 months!

Check out the rest of the article here.

Solving the capital problem

But like everyone else, operators and service companies don’t come up with millions overnight.

That’s why our new “pay-by-the-barrel” program is so popular. Companies can just sign on the dotted line, and pay only for the water that is cleaned.

Already, we have a first site planned for the first quarter of 2014 in Delta, Colorado, under this new program.

Introducing Lee Portillo

To make this program work, we just added Lee Portillo to the team, as our new Product Manager for Oil and Gas.

Lee has the right skills for making sure we deliver on our promise, with over a decade in produced water treatment, seawater desalination, waste water reclamation, surface water treatment and ground water remediation.

Please welcome Lee!

He’s joined us at the right moment to help us make the Pay-Per-Barrel Program a huge success in 2014.

Have a great week!

Riggs and Bill and Team

Riggs Eckelberry
President & CEO
OriginOil, Inc. (OOIL)

Safe Harbor Statement:

Matters discussed in this update contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. When used in this update, the words "anticipate," "believe," "estimate," "may," "intend," "expect" and similar expressions identify such forward-looking statements. Actual results, performance or achievements could differ materially from those contemplated, expressed or implied by the forward-looking statements contained herein, and while expected, there is no guarantee that we will attain the aforementioned anticipated developmental milestones. These forward-looking statements are based largely on the expectations of the Company and are subject to a number of risks and uncertainties. These include, but are not limited to, risks and uncertainties associated with: the impact of economic, competitive and other factors affecting the Company and its operations, markets, product, and distributor performance, the impact on the national and local economies resulting from terrorist actions, and U.S. actions subsequently; and other factors detailed in reports filed by the Company.

 
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