5,000 BPD Oil and Gas Expansion in Odessa Texas
CALGARY, AB and SCOTTSDALE, AZ, May 23, 2013 /CNW/ - 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
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
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
SOURCE: Ridgeline Energy Services Inc.
For further information:
Tyler Heathcote at Ridgeline Energy Services Inc.
Director - Oil and Gas
(403) 806-2380 ext. 227 (Calgary)
- Or -
David Waldman at Crescendo Communications
(212) 671-1021 (New York)