2008-07-17 07:00:00
TREVOSE, Pa. & MIDLAND, Texas–(EMWNews)–GE Water & Process
Technologies and STW
Resources, Inc. (STW) announced today they formed a collaborative
that will drastically reduce the amount of freshwater lost to the
environment due to hydraulic fracturing, a commonly used oil and gas
process.
Each year, hydraulic fracturing produces billions of gallons of
wastewater while increasing the production rate of oil and gas wells.
Texas alone—the largest oil and gas producing
state in the United States—discards over six
billion barrels annually of oilfield wastewater into the state’s
50,000 permitted disposal wells. The wastewater disposed of in the wells
is forever lost, placing even more stress on this water scarce region.
Using an innovative, cost-effective process and patented GE
Thermal Evaporation technologies the collaborative will help oil and
gas customers recover up to 70% of their hydraulic fracturing wastewater.
“This effort will leverage STW’s
vast knowledge and contacts in the oil
and gas industry and our broad
portfolio of innovative solutions to deliver economic and
environmental benefits,” said Jeff Garwood,
president and CEO, GE Water & Process Technologies. “This
is yet another example of how we strategically work with industry
leaders to drive growth and bring solutions to our customers around the
world. We are pleased to have teamed with STW and we look forward to
bringing together the collective strength of GE and STW as we explore
solutions that address these water challenges.”
The GE-STW collaborative will initially address the wastewater
challenges of Barnett, Fayetteville and Appalachian Shale natural gas
drilling plays – locations known for
tough-to-treat wastewater. Utilizing GE patented Evaporator and Brine
Concentrator technologies, the effort will help the regions reclaim
approximately 70% of their hydraulic fracturing wastewater. The
reclaimed water can be reused in the next well or safely returned back
to the environment. GE and STW will form project-specific companies,
under the banner of “Water Reclamation
Partners,” and will offer multi-year
cost-per-barrel based service agreements. Water Reclamation Partners
will build, own, and operate the equipment and processes required to
treat the wastewater and recover reusable water.
“Our vision is to create solutions that
address some of the oil and gas sector’s
toughest wastewater and recycling challenges,”
said Stanley Weiner, CEO, STW Resources. “This
effort will enable growth while decreasing the amount of water taken out
of the natural environment.”
Utilizing GE’s Brine Concentrator and
Evaporator technologies, the collaborative will also help oil and gas
producers further shrink their environmental footprints by decreasing
the amount of equipment and water hauling trucks needed on site.
For more information please visit www.ge.com/water
About GE Water & Process Technologies
A world leader in water and wastewater treatment and process systems, GE
Water & Process Technologies, a unit of General Electric Company
(NYSE:GE), offers the broadest portfolio of global expertise and local
capabilities. We invest in forward looking water and process
technologies, leveraging the best practices of GE’s
ecomagination, to help customers balance environmental and economic
goals. Our innovative team develops unique partnerships and delivers
reliable, long-term solutions for communities, governments and
industries that maximize water and energy resources. www.ge.com/water.
About STW Resources
STW Resources, Inc. (“STW”)
is a newly formed corporation located in Midland, Texas with an
operations office in Houston, Texas. STW was created to utilize
cost-effective patented technology developed by GE Water Process and
Technologies (“GE”)
to reclaim approximately 70% of the fresh water from highly contaminated
oil and natural gas hydraulic fracture flow-back water and salt water
that is produced in conjunction with the production of oil and natural
gas. STW will also use its business model of designing, building, owning
and operating municipal water systems and brackish and seawater
processing for agriculture and human use. For more information go to: www.stwresources.com.
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GE Water & Process Technologies 942-3307 |
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