Aquatech increases Pennsylvania oil & gas resources
Aquatech has increased its oil & gas water management services in the Marcellus and Utica Shale regions of Pennsylvania with the acquisition of Fluid Recovery Services (FRS), based in Creekside.FRS was formed through the merger of Pennsylvania Brine Treatment and Hart Resource Technologies, companies which had a 25+year history of providing water management services to the oil & gas industry in the state.
FRS operates a network of central, satellite and mobile facilities that deliver a menu of environmentally compliant and economically viable 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 an "end-to-end" 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."