Joint venture to provide complete water, fluid management solutions in U.S. shale basins

Sponsored by

 


AUSTIN, TEXAS, May 14, 2014 -- On Monday, May 12, a joint venture was established between Pinnergy, Ltd. and Shalewater Solutions, LLC to provide complete, integrated water management solutions to support oil and gas operations throughout the U.S. shale basins.

The partnership will operate under the name PinnergyShalewater, LLC (the "Company") and will be based in Austin, Texas. The Company will capitalize on Pinnergy's provision of diversified oilfield services and Shalewater Solutions' specialty in water management, flowback and produced water recycling, and logistics technology.

Accordingly, the joint venture combines Pinnergy's large geographic footprint and asset base with the water management and reclamation expertise of Shalewater Solutions. The Company will combine over 1,000 employees between the two organizations.

PinnergyShalewater will be one of the largest providers of a complete water and fluid management solution under a single point of contact. Oil and gas producers will benefit from an increase in efficiencies and cost savings through the use of the total water management service offering.

See also:

"Oil and Gas: Dynamic Treatment Challenges Abound in Vast, Booming Industry"

"Water quality regs at U.S. shale oil, gas sites outlined at online database"


About Pinnergy


Headquartered in Austin, Texas, Pinnergy is a professionally managed oilfield service company, providing a suite of drilling, completion and production related services in several major U.S. onshore oil and gas producing regions. Pinnergy offers a wide array of fluid services, oil & gas waste disposal services, drilling services and rental services to the energy industry, including fluid hauling and vacuum trucks, frac tank rental, surface casing drilling, conductor drilling, cellar, rat & mouse hole drilling, water-well drilling and generator, water-line and pump rental. For more information, visit www.pinnergy.com.

About Shalewater Solutions

Shalewater Solutions provides solutions for the complex water issues faced by oil and natural gas producers in shale plays nationwide. Shalewater provides water management services including water recycling, water transfer and storage, and water logistics management. Shalewater's smart application of technology utilizes its Coagulization™ process and patent-pending equipment design to solve the most challenging water treatment problems. Shalewater marketed ShaleApps™, a water logistics software solution and mobile app that provides real-time water accounting and regulatory reports. For more information, visit www.shalewater.com.

###

Sponsored by

TODAY'S HEADLINES

Drought-stricken West exhausting underground water resources, research shows

According to a new study jointly conducted by University of California, Irvine and NASA scientists, more than 75 percent of the water loss in the drought-stricken Colorado River Basin since late 2004 has originated from underground resources.

Industrial development driving global water treatment equipment market, study finds

According to a new GIA report, the global market for water and wastewater treatment equipment is forecast to reach $53.4 billion by 2020, stemmed by increasing population, urbanization, improving manufacturing activity, and rising oil and gas production, among others.

EPA launches third-annual green infrastructure Campus RainWorks Challenge

EPA is launching its third-annual Campus RainWorks Challenge, a competition to engage college students in reinventing U.S. water infrastructure and developing innovative green infrastructure systems to reduce stormwater pollution and build resilience to climate change.

Rittal Corporation appoints new president for North American market

Rittal Corporation has named Gregg A. Holst as president, with responsibility for the entire North American market.

FOLLOW US ON SOCIAL MEDIA