ThermoEnergy secures frack water system contract

ThermoEnergy has secured a contract to deliver its first commercial frack water production system to an un-named oil and gas services company.

The company estimates that the frack water recycling and treatment industry is worth upwards of $18bn, which led the company to focus on providing these services at the beginning of 2012.

ThermoEnergy chairman and chief executive officer Cary Bullock said that its frack-water units are completely self-contained and can be deployed to multiple locations as opposed to being stationary.

"We expect to not only sell multiple frack-water units but also to provide recurring revenue services to our clients for a number of hydrofracking applications in oil and gas production," added Bullock.

The company secured the contract following two successful pilots performed using mobile demonstration units.

The first of the pilots highlighted the technology’s capability to economically upgrade regular water for use in fracking operations, while the second pilot demonstrated that the technology provides an improved and economical approach to treat water produced in oil and gas extraction.

"ThermoEnergy’s proprietary wastewater recovery technologies are particularly well suited for the recovery of frack-grade water from local aquifers, as well as for the recovery and recycling of usable water from produced and flowback water created by the hydrofracking process.These systems will provide major improvements in hydrofracking sustainability and cost efficiencies," said Bullock.