Equisol Establishes New Division Focused on Marcellus Shale
Thursday March 10, 2011, 8:15 am EST
WEST CONSHOHOCKEN, PA--(Marketwire - 03/10/11) - Equisol, LLC, a wholly-owned subsidiary of Environmental Infrastructure Holdings, which is the parent company of various environmental manufacturing, engineering and services companies, announced the creation of Equisol Energy Services (EES) based in Conshohocken, PA.
EES specializes in water treatment services focused on the oil & gas industry. Locating the business in Pennsylvania allows EES to focus its currently used processes and talents on the significant opportunities in the emerging Marcellus Shale Natural Gas play. One of the major issues that EES can help solve is the significant challenge surrounding the water treatment and water re-use of the "frac water." "Frac Water" is the chemically treated water injected at high pressure into the wells to fracture rock that releases the natural gas. Each well requires water treatment of both the Frac Water as well as the waste-water from the wells as a result of the fracturing process. Currently there are 5000 permits and 2000+ operating wells with plans to expand to 10,000 wells by 2015. EES estimates the potential market for their services in the Marcellus Shale alone exceeds 250 million dollars.
Kurt Given, Equisol's CEO, states, "We are extremely excited about the opportunities that the oil and natural gas industry offers our company. Equisol has always applied its expertise and knowledge on projects and applications where there is an environmental return. Creating a division that focuses on the oil and gas industry, specifically natural gas production from shale, is a logical step for our company."
The Marcellus Shale Natural Gas deposit located throughout Pennsylvania and New York represents the largest onshore reserve of natural gas in the world and is estimated at 500 trillion cubic feet of natural gas.
About Environmental Infrastructure Holdings Corp.
Environmental Infrastructure Holdings (EIHC) is the parent company of diverse environmental manufacturing, engineering and services companies. Currently, EIHC has two subsidiaries, Equisol, LLC and Xiom Corp., as well as investments in various joint ventures and partnerships.
Recognized in 2008 by INC Magazine as the 7th fastest growing private environmental services company in America, Equisol, LLC is a unique equipment solutions provider specializing in the water and wastewater industry. Its team of top-rated engineers specializes in automation equipment and services across multiple industries where water use and automation are important.
Xiom Corp. is a technology company focused on the delivery of plastic powder coatings at on-site locations utilizing its proprietary XIOM 1000 System. The Company's unique coating process can be applied without use of an oven to cure the coating, and can be applied to most substrates in addition to the metal substrate to which powder coatings are traditionally applied in a factory.
Source: Environmental Infrastructure Holdings Corp.
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