Imperial Resources to Develop Salt Water Facility in Texas

Imperial Resources subsidiary Imperial Oil & Gas has signed a non-binding letter of intent to fund a salt water disposal facility located in Barnett Shale in Texas, US.

The company is expected to receive $1.2m to develop the facility which will begin commercial disposal operations later this year.

Comprising of a surface plant and an existing shallow well bore, the facility can dispose up to 15,000 barrels of salt water a day into the Ellenberger formation.

The loan will also be applied to deepening the existing well bore to the Ellenberger Formation, servicing the existing amortization payments due on the facility.