Proving it in the Monterey Formation
Here's our VP of Engineering Lee Portillo at a site that is processing frack water from California's Monterey Formation.
You're looking at the famous OriginOil Single Step Extraction™ reactor tubes.
This demo system is designed to process up to 1500 barrels per day to demonstrate our capabilities!
Initial results from this site are very encouraging and we expect to tell you more about it very soon...
Targeting Fortune 50 Companies
Last week, Memphis, Tennessee based E3 Services and Solutions joined our growing group of licensees.
This is a great, dynamic company with relationships that stretch into "Fortune 50" oil industry companies.
Obviously, this is a great opportunity to showcase our technology in the "Big Time"...
Fracking outside the USA
The boom in hydraulic fracturing ("fracking") is an American one.
Other countries are trying, too.
- Japan launched its first commercial production of shale oil in April.
- Germany is preparing regulations to begin fracking.
- England has proposed making it easier to drill under private lands without permission.
- China’s fracking revolution could reduce its gas imports by up to 40 percent by 2020.
Sure enough, last week we shipped a small test unit to a multinational company with fracking operations in China.
Here's our own Jim Galicia putting the unit through its paces to make sure it works perfectly on arrival...
More news on the way — have a great week!
Riggs and Team
President & CEO
OriginOil, Inc. (OOIL)