WILLIAMSPORT, Pa., Aug. 16, 2011 /PRNewswire/ -- Eureka Resources, LLC, said today that the Company is prepared to meet or exceed new standards proposed by the Pennsylvania Department of Environmental Protection (DEP) for treatment of oil and gas wastewater, including drilling and production fluids and tophole and flowback water.
According to Eureka President Dan Ertel, the Company has reviewed the DEP's proposed new regulations published August 6, 2011, in the Pennsylvania Bulletin. Mr. Ertel said the new regulations state that oil and gas wastewater that has been processed under the authority of this general permit is not considered a waste as defined in 25Pa. Code287.1 provided it meets the concentration limits as required in this general permit and is transported and stored under the control of a drilling company in an impoundment or similar structure designed to hold water prior to use for fracturing a gas or oil well. The department has also proposed revised testing, monitoring and handling standards which must be met by the treatment facilities and producers handling these types of wastewater.
"We are pleased that the DEP is taking a proactive role in monitoring and regulating activity in the Marcellus Shale Region and is encouraging the use of the best available technology for water treatment and recycling," Mr. Ertel said. "These changes will result in reductions to the environmental hazards associated with storage of large quantities of partially- treated wastewater stored throughout the state."
Eureka is playing an important role in addressing the needs of Marcellus Shale natural gas operators by providing an environmentally-sustainable method for handling flowback water from hydrofracturing and produced water from drilling operations.
About Eureka Resources, LLC
Headquartered in Williamsport, Pennsylvania, Eureka Resources, LLC, provides wastewater treatment solutions to the natural gas exploration and hydrofracturing industry. Visit our website at www.eureka-resources.com.
About Haddington Ventures, L.L.C.
Haddington Ventures, L.L.C., through its private equity funds, generally makes control-oriented investments in companies focused on gathering, separation, processing, treating, compression, storage, and transmission of energy. Haddington is unique in that it is the only midstream energy fund in which all principals have substantial direct operating company experience, both in energy-related acquisitions and in energy infrastructure development. For more information, visit www.hvllc.com.
This news release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include, without limitation, the Company's plans, objectives, goals, strategies, future events, future bookings, revenue, or performance, capital expenditures, financing needs, plans, or intentions relating to acquisitions, business trends, executive compensation, and other information that is not historical information. Actual results, performance, or achievements could differ materially from those expressed in, or implied by, the forward-looking statements. The Company undertakes no obligation to update or revise forward-looking statements, which may be made to reflect events or circumstances that arise after the date made or to reflect the occurrence of unanticipated events.
SOURCE Eureka Resources, LLC