OriginOil Accelerates Commercialization of CLEAN-FRAC System with First Commercial Unit Planned for 3 rd Quarter
As OriginOil completes successful demonstration tour at Eagle Ford Formation in Texas, licensee plans to deliver first commercial unit by Q3 2013
LOS ANGELES--(BUSINESS WIRE)-- OriginOil, Inc. (OTCBB: OOIL), the developer of a breakthrough energy production process for the oil and algae industries, recently introduced its CLEAN-FRAC™ system to the Texas oil and gas industry and its publications, while its first licensee plans to deliver a first commercial unit in the 3rd Quarter of this year.
Following the completion of field trials in the Lost Hills oil production area of Bakersfield, California, OriginOil launched two weeks of demonstrations for operators and service companies in the Eagle Ford shale region near San Antonio, and for industry analysts and reporters in Houston, Texas.
Guest operators and service companies remarked on the clarity of the effluent water and the amount of "sludge" separated from the water. Highlights are available in this video: https://vimeo.com/63063082.
The company is now helping its first OEM licensing partner, PACE subsidiary PearlH20, deploy a one barrel per minute integrated frack water cleanup system that uses its CLEAN-FRAC process as the first stage. The deployment of the mobile container-based system is initially slated for the 3rd Quarter in the Bakersfield area.
Dr. Gerald Bailey, former President of Exxon for the Arabian Gulf and OriginOil's Oil and Gas Industry Advisor, was present for the technology demonstrations and commented, "The response by the operators was overwhelmingly positive. The discussion was all about how CLEAN-FRAC enables the recycling of frac flowback or produced water, resulting in significant cost savings and environmental benefits. With OriginOil's technology, operators will be able to significantly reduce the amount of fresh water purchased for the fracing process."
Basing its San Antonio area presentations in nearby Pleasanton, OriginOil used frac flowback water with a high amount of solids kept in solution by anti-coagulants, and a small trace of oil. CLEAN-FRAC coagulated the solids despite the presence of the anticoagulants, reducing organics by as much as 99 percent and suspended solids as much as 98 percent, as measured in the on-site mobile lab.
"CLEAN-FRAC represents a new generation of water treatment that is chemical-free, low energy and beneficial to the environment," said Riggs Eckelberry, OriginOil CEO. "It not only generates significant cost savings through less trucking and water purchases, but could help recapture significantly more oil products, while helping to preserve our scarce water resources."
Bill Charneski, General Manager of OriginOil's Oil and Gas Division, stated, "Electrocoagulation is believed to be the best technology for the first stage of frac flowback and produced water treatment. OriginOil's CLEAN-FRAC process not only removes the organics and suspended solids, but also can eliminate bacterial contamination, at a lower cost than competitors."
In March, OriginOil estimated that the planned offering from PearlH2O that integrates CLEAN-FRAC could cost substantially less than industry giant Halliburton's published costs for cleaning flowback water for reuse in wells.
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About OriginOil, Inc.
OriginOil has developed an energy production process for harvesting algae and cleaning up oil & gas water. Operating at the first stage of extraction, this high-speed and chemical-free process can be embedded in other systems to improve performance. Originally invented to solve the biggest problem in algae production, it is now finding demand in oil and gas fracking and production water cleanup, an immediate and fast-growing market that desperately needs clean technology solutions. To learn more about OriginOil®, please visit our website at www.originoil.com.
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Matters discussed in this update contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. When used in this update, the words "anticipate," "believe," "estimate," "may," "intend," "expect" and similar expressions identify such forward-looking statements. Actual results, performance or achievements could differ materially from those contemplated, expressed or implied by the forward-looking statements contained herein. These forward-looking statements are based largely on the expectations of the Company and are subject to a number of risks and uncertainties. These include, but are not limited to, risks and uncertainties associated with our history of losses and our need to raise additional financing, the acceptance of our products and technology in the marketplace, our ability to demonstrate the commercial viability of our products and technology and our need to increase the size of our organization. Further information on the Company's risk factors is contained in the Company's quarterly and annual reports as filed with the Securities and Exchange Commission. The Company undertakes no obligation to revise or update publicly any forward-looking statements for any reason.
OriginOil accelerates commercialization of CLEAN-FRAC system with first commercial unit planned for 3rd quarter; as OriginOil completes successful demonstration tour at Eagle Ford Formation in Texas, licensee plans to deliver first commercial unit by Q3 2013
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