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.
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.”
Not bad, an investment that repays itself in 18 months!
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
President & CEO
OriginOil, Inc. (OOIL)