Follow on Google News
News By Tag
News By Location
Follow on Google News
Ambient Water Comments on Impact of Falling Oil Prices Across Oil and Gas Industry
Drop in Prices Could Force Oil and Gas Companies to Look for Ways to Cut Expenses; Water Becoming an Expensive Resource, Particularly in Areas of Water Scarcity
By: Origin Oil
Oil prices fell below $50 a barrel last week, the latest milestone in a severe decline that has seen oil's price per barrel fall by 50 percent since June of 2014. Prices have not been this low since 2008-2009 and have led to many of America's largest drillers to announce layoffs and investment cuts as they look for ways to decrease operating costs. One such area that could be considered is that of trucking/piping in source water for fracking hydraulic wells.
"We haven't seen prices this low for a barrel of oil in quite some time so naturally as price goes down, drillers will need to find a way to decrease manufacturing costs in order to offset the revenue they are losing. It can be extremely costly to bring water to a hydraulic fracking site, but fortunately there are cost effective alternatives, like atmospheric water generation, that could serve the industry well," said Keith White, Founder and CEO of Ambient Water.
This is especially crucial for areas already battling water scarcity, like Texas, according to a recent study (http://www.caller.com/
"Water is an expensive resource for the oil and gas industry, especially when operating in areas like Texas where there is a premium because it is already so scarce. When you have to have it brought in to the site, you're adding trucks, storage, and labor, so costs can soar into the millions, only to be repeated for each well," continued White. "Ambient Water's atmospheric water generation technology provides oil and gas companies with a virtually endless source of water on site. This results in a dual benefit of decreased costs for oil companies, and reduces the strain on water supplies in the surrounding communities."
Make sure to follow our blog (../Applications/
InvestorNewsSource.com (http://www.investornewssource.com) is owned and Operated by Investor News Source Consulting, LLC, a full-service Financial Communications and Investor Relations Firm that specializes in maximizing investor awareness for publicly traded companies. Investor News Source monitors the markets for day trading and swing trading signals on NASDAQ, AMEX, NYSE, OTCBB, and Pink Sheet companies for its subscribers. InvestorNewsSource.com offers a free e-newsletter, which includes the added advantage of receiving detailed trading reports to each subscriber. Timing is everything when trading Penny Stocks. Subscribe to the www.InvestorNewsSource.com newsletter and start receiving daily alerts Subscribe Here: http://www.InvestorNewsSource.com/
Legal Disclaimer (http://www.investornewssource.com/#!
Except for the historical information presented herein, matters discussed in this article contain forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements. INS Consulting which owns www.InvestorNewsSource.com, is not registered with any financial or securities regulatory authority, and does not provide nor claims to provide investment advice or recommendations to readers of this release. AWGI- Investor News Source has been compensated $10,000 by the Company for coverage and market awareness on AWGI. INS Consulting which owns www.InvestorNewsSource.com, may from time to time have a position in the securities mentioned herein and may increase or decrease such positions without notice. For making specific investment decisions, readers should seek their own advice.INS Consulting which owns www.InvestorNewsSource.com, may be compensated for its services in the form of cash-based compensation or equity securities in the companies it writes about, or a combination of the two.
Company: INS Consulting
Contact Email: firstname.lastname@example.org