STW Resources Appoints Initial Group of Influential Outside Directors to Advise on Oil and Gas Water Recycling Operationsadmin
STW Resources, Inc. (“STW”) announced that it has brought on the following influential outside directors to advise it on its oil and gas water recycling operations. “These directors are key legislative and industry advisors who bring unique contributions to STW’s future success,” said Stanley T. Weiner, STW’s Chairman and Chief Executive Officer.
The Honorable Bill Carter is a former long-term Member of the Texas House of Representatives (1984-2003) and is Chairman of the Texas Public Safety Committee. In addition to receiving the 1997 American Legislative Exchange Council “Legislator of the Year Award,” Rep. Carter has received numerous state and national awards, including “Outstanding Legislator Award” from the Texas Chiropractic Association, the “Legislative Excellence Award” from the Texas Head Injury Association, the Greater Dallas Crime Commission “Crime Fighter of the Year,” the “Outstanding Legislator in Texas” from the Texas Association of Regional Councils, and the “Presidential Achievement Award” from President Ronald Regan.
Robert L. Cerf has been a Petroleum Landman since 1975. Mr. Cerf has extensive experience in all areas of oil & gas land work. His experience includes title research, oil and gas lease acquisitions, farm-in and farm-out agreements, operating agreements, division orders, title curative, acquisition due diligence, purchase and sale of mineral and royalty interests, right of ways, drill site locations, negotiation of surface damages, marketing and evaluating prospects.
Joseph I. O’Neill III has almost 40 years of experience in the oil and gas industry. He currently serves as Managing Partner of O’Neill Properties, a highly regarded Midland, Texas oil and gas producer. Mr. O’Neill is the Chairman of the Board of Texas Oil & Gas Association and is a Director of the Petroleum Club of Midland. He has served on the boards of numerous industry, civic, academic, political and charitable institutions. He is a graduate of Notre Dame University and formerly on the Board of Directors and a past President of the Notre Dame Alumni Association.
“These gentlemen are a key part of our expanding executive team put together to execute upon the Company’s collaboration with GE Water & Process Technologies.” said Mr. Wiener. Through this collaboration with GE, the Company will initially address the wastewater challenges of Barnett, Fayetteville and Appalachian Shale natural gas drilling plays – locations known for tough-to-treat wastewater. Utilizing GE patented water reclamation technologies, the effort will help the regions reclaim approximately 70% of their hydraulic fracturing wastewater. The reclaimed water can be reused in the next well or safely returned back to the environment. GE and STW will form project-specific companies, under the banner of “Water Reclamation Partners,” and will offer multi-year cost-per-barrel based service agreements. Water Reclamation Partners will build, own, and operate the equipment and processes required to treat the wastewater and recover reusable water.
About STW Resources Inc.
STW Resources, Inc. (“STW”), located in Midland, Texas with an operations office in Houston, Texas, was created to utilize cost-effective patented technologies to reclaim fresh water from the many contaminated types of waters in our world today. The first project will utilize technology developed by GE Water & Process Technologies to reclaim approximately 70% of the fresh water from highly contaminated oil and natural gas hydraulic fracture flow-back water and salt water that is produced in conjunction with the production of oil and natural gas. There are several billion gallons of oilfield wastewater being disposed of permanently each year that STW has the capability to recover for reuse. STW will also use its business model of designing, building, owning and operating municipal water systems and brackish and seawater processing for agriculture and human use. For more information, go to: www.stwresources.com.
Viewpoint Securities, LLC
Viewpoint Securities, LLC is the financial advisor for STW Resources Inc. Viewpoint provides investment banking and merchant banking services to emerging companies within the oil and gas, mining and other natural resources sectors. The company’s investment banking specialists are focused on delivering creative corporate finance solutions to fit the specialized needs of our clients. The group is headquartered in La Jolla, California. For more information you can contact the company at (858) 480-2800 or by email at firstname.lastname@example.org. For more information go to: www.vpsecurities.com.
STW Resources, Inc. Stanley T. Weiner, 432-686-7777
Source: STW Resources, Inc.