Good morning!
"JL" Kindler, President of OriginClear Technologies, is in Houston this week to speak at one of the oil industry's key events of the year, Cambridge Research Associates Week (CERAWeek).
We're really excited that the event organizers have named us an Energy Innovation Pioneer!
That is a very small club. This year, it's just ten companies.
Isn't the oil industry in trouble?
Heck, yeah! Whole countries are in crisis over the low cost of oil, and that's not changing soon.
But WATER is a growing business, even in the oil industry.
The main reason is regulation. Increasingly, operators have to comply with demands to treat their water and not just dump it.
Also, water is becoming more expensive, and so it makes sense to re-use what you have.
We made a cool animated video on this, which you can watch here.
Action in Bakersfield
California is a leader in requiring water treatment and reducing the use of disposal wells.
So we're very busy in Bakersfield, the center of California's oil & gas industry.
We're working with major players, and a prominent university, on getting our technology into use in the field.
We are well along here. Expect more news on this exciting development!
Have a great week.
Riggs and Team
Riggs Eckelberry
President & CEO
OriginClear, Inc. (OOIL)