HomeMagazine2011January 2011 Vol. 238 No. 1JV To Provide Oilfield Water Reclamation Services

January 2011 Vol. 238 No. 1

Business Meetings & Events

JV To Provide Oilfield Water Reclamation Services

STW Resources Holding Corp., a water reclamation services company, has formed a joint venture, Water Reclamation Partners, LLC (WRP), with privately held Aqua Verde LLC, to provide water solutions for oil and gas producers, municipalities, and environmental remediation projects. WRP is 51% owned by STW Resources. Under the terms of the JV, Aqua Verde will assign its existing Master Services Contract with a major oil and gas producer located in the Denver-Julesburg (DJ) basin, to WRP. To service the Master Services Contract, WRP is planning to deploy technology to reclaim a minimum of 4,000 bpd of produced water, increasing to 30,000 bpd, at a rate of $2.25 to $5.75 per barrel

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