Ridgeline Announces New Texas Facility Installation
5,000 BPD Oil and Gas Expansion in Odessa Texas
CALGARY, AB and SCOTTSDALE, AZ, May 23, 2013 /PRNewswire/ - Ridgeline Energy Services Inc. ("Ridgeline" or the "Company") (TSXV: RLE, OTCQX: RGDEF, FSE: RL7) a technology driven company operating in the waste water industry announces new facility in Texas. New facility sees addition of second major oil and gas customer.
Ridgeline is pleased to announce the installation of a waste water treatment facility that will be installed south of Odessa, Texas. The facility will have an initial capacity of 5,000 barrels per day. This will mark Ridgeline's second major oil and gas customer in the Permian Basin. As with other Ridgeline oil and gas service facilities, the installation will be located at a permanent tank battery with substantial storage to allow for the reuse of the treated water. Installation of the new facility will be started immediately and completed in July of this year.
The effort on the new facility was headed by Tyler Heathcote, Ridgeline's Director of Oil and Gas Development and Midland General Manager, Ian Kerr.
Dennis M. Danzik CEO stated "Again our oil and gas presence continues to escalate as a new anchor customer offers Ridgeline another opportunity to lead in the ever growing water treatment market within the oil and gas industry. This year we see our capacity grow again, and with a new customer in the oil industry that is concerned about water usage and the ever growing environmental impact, and how to lessen the impact on both".
Tyler Heathcote, Director of Oil and Gas for Ridgeline stated, "I have to recognize the immediate benefit of Ian Kerr joining our team in Midland. As well, we see the entire market for water treatment in oil and gas demand increasing. As with our other facilities, this installation will handle produced water, directly from the oilfield tank battery".
Ridgeline will continue concentration of its oil and gas expertise in waste water treatment and management in the Midland market. The Company sees continued growth opportunities through 2013 with increased production activities in the Permian Basin.
About Ridgeline Energy Services Inc.
Ridgeline Energy Services Inc. is a technology driven water treatment company. The Company trades on the TSX Venture Exchange under the symbol "RLE" the OTCQX as "RGDEF" and on the FSE as RL7. Additional information is available on the Company's website at: www.ridgelinecanada.com.
ON BEHALF OF THE BOARD OF DIRECTORS
Dennis M Danzik
Dennis M Danzik
Director and Chief Executive Officer
"Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release. This news release may contain forward-looking statements. Forward-looking statements address future events and conditions and therefore, involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements. Such information is subject to known and unknown risks, uncertainties and other factors that could influence actual results or events and cause actual results or events to differ materially from those stated, anticipated or implied in the forward-looking information. Readers are cautioned not to place undue reliance on forward-looking information, as no assurances can be given as to future results, levels of activity or achievements."
SOURCE Ridgeline Energy Services Inc.
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