Select Energy Services and Fountain Quail Water Management Execute Joint Venture
Partnership Activated Following Highly Successful Commercial Treatment Project
HOUSTON, Sept. 3, 2013 /PRNewswire/ -- Select Energy Services, LLC (Select), today announced a joint venture with Fountain Quail Water Management (Fountain Quail), wholly-owned subsidiary of Aqua-Pure Ventures, Inc., a premier recycler of oilfield and shale gas wastewater. The companies recently completed a recycling project in the Permian region for a large, public, independent E&P company, which has successfully treated and recycled nearly 300,000 barrels of water on site.
Under the agreement, Fountain Quail will contribute technical expertise and equipment to Select's water management solutions, while Select will provide capital necessary to expand Fountain Quail's capabilities. Both companies will leverage current energy producer partnerships to expand business opportunities.
"We strive to find efficient ways to treat and re-use produced water in every basin. The Fountain Quail technology complements our existing portfolio of water solutions and we expect this venture to be mutually beneficial," said John Schmitz, CEO of Select Energy Services.
The agreement has solidified Fountain Quail's ROVER mobile water treatment package, which addresses one of the most pressing challenges for operators in unconventional oil and gas plays. The ROVER is a cost-effective, in-field technology that can treat up to 10,000 barrels of flowback and produced water per day, outputting clean brine that can be re-used in a broad range of drilling operations.
"We have vetted and piloted numerous technologies for clarification of salt water, and ROVER proved the most effective and consistent under all variations of conditions," said Mike Howdeshell, vice president of Select Energy Services' engineered water solutions group, Fluidity. "Fountain Quail technologies are the perfect fit for our Fluidity portfolio of solutions."
"The seamless combination of Select's project coordination and management, containment, trucking and transfer services, along with the ROVER treatment process was evident," said Richard Broderick, Fountain Quail /Aqua-Pure EVP business development and chairman of the FQS board. "The validation achieved from our latest commercial project has solidified our joint venture with Select and provided a convincing reference for future opportunities."
About Select Energy Services
Houston-headquartered Select Energy Services, LLC, (Select) is an industry leader in delivering innovative and efficient end-to-end water solutions and well-site services to energy producers through its two business segments WaterOne™ and WellOne™ and its multi-service integrated water solutions package, Fluidity™. With more than 5,000 employees and $1 billion in annualized revenues, Select effectively and safely sources, transports, tests, treats and disposes of water and fluids from well sites within every major North American shale play in an environmentally conscientious manner. For more information, visit www.selectenergyservices.com
About Aqua-Pure Ventures, Inc.
Aqua-Pure (www.aqua-pure.com) is the premier recycler of industrial wastewater in North America. The Calgary-based oilfield engineering and services firm has developed and commercialized cutting-edge technology that transforms wastewater from a liability to an asset. Aqua-Pure's municipal and oil and gas wastewater services and technology solutions ensure environmental sustainability through the utilization of patented and proprietary technologies. The Corporation's common shares are listed on the TSX Venture Exchange under the trading symbol "AQE."
SOURCE Select Energy Services, LLC
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