Contact Information: For Additional Information: Investorideas.com Dawn Van Zant 800-665-0411 Contact Wescorp directly for investor relations questions. 1.877.247.1975
Investorideas.com New Showcase Water Stock, Wescorp Energy Inc. (OTC BB: WSCE) Provides Solutions for 'Produced Water' in Oil and Gas Industry
| Source: Wescorp Energy Inc; Investorideas.com
POINT ROBERTS, WA and DELTA, BC--(Marketwire - March 23, 2009) - www.InvestorIdeas.com, a
leading global investor and industry research portal covering water,
environment and oil and gas sectors, announces a new featured showcase
company, Wescorp Energy Inc. (OTCBB : WSCE ), a company providing technology
based solutions for the treatment of contaminated 'produced water' for the
oil and gas industry.
Oil and gas production worldwide generates a tremendous amount unwanted
waste water -- water that has been contaminated with hydrocarbons, sand,
drill cuttings, organic and inorganic salts. The produced water is
contaminated naturally from the formation and artificially through oil and
gas processing. The handling, treatment and disposal of the produced
water are some of the most controversial and environmentally challenging
issues oil and gas producers face today. Produced water from hydrocarbon
operations creates massive volumes of waste that requires remediation.
Headlines in a March 2009 article in Oilweek.com, "Water -- its use, reuse
and conservation -- has become almost as important to Alberta's economic
future as oil," forecast the importance of finding solutions within the
industry.
http://www.oilweek.com/articles.asp?ID=638
Wescorp Energy Inc. is an oil and gas solutions provider that specializes
in water remediation and environmental technologies for the global oil and
gas industry. One of the company's primary technologies, H2Omaxx, is a
commercially scalable water remediation unit that uses patented aeration
technology to consistently provide safe, effective and economical
separation of oil from produced water. Final independent verification
testing was completed in November 2008. Analytical results proved the
H20maxx unit increased the recovery of oil and reduced the amount of
hydrocarbons in the treated produced water to less than 0.001% or 10 parts
per million.
According to the company, "Virtually anywhere in the world that oil is
produced, contaminated produced water becomes an unwanted byproduct.
Water becomes contaminated naturally through associated formation water in
conventional oil and gas production. Unconventional oil production
including Oil Sands development in Alberta, Canada contaminates huge
amounts of fresh potable water during the production and processing of the
oil."
According to Industry Canada, "Strict Canadian environmental regulations
have demanded that Canadian engineers and scientists develop innovative
remedial technologies to clean-up a broad spectrum of contaminants, such as
petroleum hydrocarbons."
http://www.ic.gc.ca/eic/site/ogt-ipg.nsf/eng/dk00095.html
Wescorp's H20maxx technology is not going unnoticed. In December 2008,
Wescorp announced that Weatherford International Ltd., executed a letter of
intent for the testing of Wescorp's wholly-owned water remediation
technology, H2Omaxx, in two projects in South America. Wescorp and
Weatherford are currently in negotiations for a possible exclusive
long-term global cooperative agreement. H2Omaxx units provide oil and gas
operators an opportunity to increase their profits, and reduce their
operational costs by reducing, reusing, and recycling water without the use
of flocculants.
Weatherford is one of the largest global providers of innovative mechanical
solutions, technology and services for the drilling and production sectors
of the oil and gas industry.
Wescorp Energy Inc Showcase Profile Page:
http://www.water-stocks.com/CO/WSCE/Default.asp
Wescorp Energy Inc Company Website: http://www.wescorpenergy.com/
Wescorp Energy Inc Featured Portals: www.water-stocks.com,
www.environmentstocks.com, www.oilandgasstocknews.com
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umbrella, offers investors research tools, news, Blogs, online conferences,
Podcasts, interviews and a directory of public companies within the water
sector.
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http://www.investorideas.com/Water-Stocks/Stock_List.asp
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