Aquatech acquires Fluid Recovery Services in Marcellus and Utica shale regions
CANONSBURG,-- Aquatech, has announced the acquisition of Fluid Recovery Services. Based in Creekside, PA, FRS operates a network of central, satellite and mobile facilities which deliver water management services. In addition to treatment, FRS offers numerous water management service options such as storage, transport services (rail and truck), and disposal (non-return) across the state.
The Aquatech acquisition will immediately expand the network from three to five central water management facilities located in Franklin, Josephine, Creekside, Rouseville and Tioga, establishing a network for producers in the Marcellus and Utica Shale region. Aquatech' s strategy includes investments of capital, technology, expertise and experience.
Venkee Sharma, President and CEO of Aquatech, said, "Aquatech' s goal is to be the leader in oil & gas water management. The acquisition of FRS represents significant progress towards achieving our vision. We will continue to aggressively develop facilities with innovative technology and service solutions to meet the growing needs of our customers."
FRS' water treatment solutions include Aquatech' s MoSuite, a combination of MoTreat, MoVap and crystallization technologies. MoSuite will treat drill fluids, hydraulic fracturing flowback and a wide range of oil & gas wastewaters including safe disposal of high total dissolved solids (TDS) production brine. Aquatech' s approach alleviates the burden on local water resources from shale gas exploration by treating water for beneficial reuse, reducing total dissolved salts, and creating reusable "dewasted" purified distillate, or clean distillate suitable for discharge per established National Pollutant Discharge Elimination System (NPDES) standards.