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STW Resources Holding Corp. (fka STWSQ) RSS Feed

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 STW Resources Holdings, Inc.
(OTCQB:STWS)
 

 

LATEST NEWS


 

STW Resources Holding Corp Releases Third Quarterly Report for 2015, Posts $8.7 Million in Nine Month Revenues

Water Remediation Company Reports Third Quarter Revenues of $3.9 Million; Water Revenues Increase 795% Quarter to Quarter

MIDLAND, TX--(Marketwired - Nov 30, 2015) - STW Resources Holding Corp. (OTCQB: STWS), a provider of high-quality pipeline, water reclamation and processing management services including water desalination, announced today that its financial results for the nine months ended September 30, 2015 have been filed on its Form 10-Q Quarterly Report with the Securities and Exchange Commission (SEC). A detailed Form 10-Q is available on the company web site.

STW Resources reported revenues from continuing operations for the nine months ended September 30, 2015, of $8,693,437. Although this represents a 2% increase in revenues from the nine months ended September 30, 2014, gross profit during the nine months ended September 30, 2015, increased by $2,264,176, or 349% over the nine months ended September 30, 2014. The Company's gross profit margin during the nine months ended September 30, 2015, increased to 34% as compared to 8% during the nine months ending September 30, 2014. The significant improvement in gross profit margin demonstrates the success of corporate initiatives set forth by Company management to increase profitability by reducing cost of revenues, improving operating efficiencies, and shedding less profitable business units.

During the three months ended September 30, 2015, revenues from water reclamation and desalination services increased to $1,063,219 from $118,859 during the three months ended June 30, 2015, an increase of 795% over the prior quarterly period. Total revenues for the three months ended September 30, 2015 increased to $3,907,570 from $2,587,460, an increase of $1,320,110, or 51% over the prior quarterly period.

During the nine months ended September 30, 2015, the Company discontinued its operations of STW Energy LLC and STW Oilfield Construction LLC, realizing losses from discontinued operations of $743,913 and $1,505,616, for the nine months ended September 30, 2015 and 2014, respectively. The discontinuance of these operations enabled the Company to focus its resources on its more profitable STW Pipeline and STW Water Resources business segments, which the Company believes offers the highest growth and profit potential.

The Company's net loss for the nine months ended September 30, 2015 was $6,637,675 as compared to a net loss of $11,641,886 during the nine months ended September 30, 2014, a reduction in net loss of $6,004,211, or 43%.

The Company's non-GAAP net loss, which is net loss adjusted for non-cash expenses including stock-based compensation, amortization of debt discount, financing costs, and change in derivative liability was $4,319,719 for the nine months ended September 30, 2015, compared to $6,787,018 for the nine months ended June 30, 2014, an improvement of $2,467,299, or 36%.

During the three months ended September 30, 2015, the Company reported revenues of $3,907,570, which represents an increase of $588,287, or 18% growth, over revenues during the three months ended September 30, 2014. Gross profit during the three months ended September 30, 2015, increased by $578,117, or 104% over the three months ended September 30, 2014. The net loss for the three months ended September 30, 2015 was $2,240,933 compared to a net loss of $5,174,294 during the three months ended September 30, 2014, a reduction in net loss of $2,933,301 or 58%.

Investor Database for Future Press Releases and Industry Updates

Interested investors and shareholders are invited to be added to the corporate e-mail database for corporate press releases and periodic industry updates by sending an email to cleanwater@stwresources.com

About STW Resources Holding Corp.

STW Resources Holdings Corp. (OTCQB: STWS) is a quality provider of oilfield services, water reclamation and processing management services, and rig cleaning services through its three subsidiaries. STW Water is a Total Water Solutions Provider Company and provides turnkey design build solutions and provides its Customers with "out-of-the-box" design solutions to meet customers' water needs. STW Water has capabilities to provide complete oversight of various water and wastewater projects with primary focus on engineering, regulatory permitting including Public Water Systems (PWS), Discharge permits, Pilot exception and Pilot Study, equipment design & treatment process design, manufacturing & installation and full scale Commissioning and training for all types of oil & gas, industrial and municipal water and wastewater markets throughout the State of Texas. STW's model of water ownership has had recent successes and broken ground on both Upton County and Ft. Stockton, Texas projects.

The Company consults and provides customized water analysis, reclamation and remediation services to a variety of complex oil and gas produced and flowback water, brackish water, ocean water desalination, industrial, and municipal applications throughout several geographic locations to fill a tremendous need for fresh water in the areas they service. As an independent solutions provider, STW utilizes proven technologies, from various well-known manufacturers. These technologies are available as fixed or mobile units with varying capabilities. STW's process ensures that the most effective and efficient technologies are implemented. Current potential project locations include the Eagle Ford Shale (TX), the west Texas Delaware and Permian Basins (TX), eastern New Mexico, and ocean desalination projects on the Gulf Coast of Texas, California, and Hawaii.

ENVIRONMENTAL IMPACT: If STW's Proprietary Technology is placed in-line with a Seawater Reverse Osmosis System or used with a geothermal operation, there will be no potentially environmentally sensitive brine concentrate discharged into the local waterways since the system is Zero Liquid Discharge and 95-97%+ of the fresh water is recovered in the process. The waste stream is salt crystals and minerals. This is a completely Blue/Green operation that provides a sustainable supply of power and water for municipal and industrial use.

 

STW Resources Holding Corp Receives Approval for Water Permits in West Texas

Pecos Middle Water District Unanimously Approves a Drilling Production and Transportation Permits

 

MIDLAND, TX--(Marketwired - Dec 16, 2015) -  STW Resources Holding Corp. (OTCQB: STWS), a provider of high-quality pipeline services, water reclamation and processing management services including water desalination, announced today that it has received approval from the Middle Pecos Water District for drilling, production and transportation of the water on STW Water's MRK lease in Pecos County.

Previously, STW Water applied for a consolidated drilling and production permit from the San Andrés formation to be utilized within the county and to be exported out of Pecos County to surrounding areas in need of water. The water district approved the permit in a unanimous decision, with STW meeting the following conditions:

5000 acre-feet or 4,464,000 gallons per day for industrial use (oil and gas) with the ability to export the water out of the county
The drilling of one monitor well on the Company's leased property
Approval for three new wells to be drilled and spread out on the two properties near Imperial, TX on land STW has under lease
The ability to rehab the existing two wells (MRK East & MRK West) if STW is unable to rehab the wells, whereupon the Company will plug the wells with the ability to request two replacement wells from the General Manager of the water district
The submission of a revised and updated Hydrogeological study to the water district from the information obtained by drilling and testing these wells

The company also has the ability to submit a request to the water district for a larger permit once it is determined by the hydrogeologist that the formation can withstand an increase in yield without any negative effects. Additionally, with several prospective buyers already in place, STW expects to begin water sales in the first quarter of 2016, selling water immediately at a profitable margin. The Company anticipates water sales in the first quarter of 2016, as it has already received a letter of intent from a local customer to purchase water.

"This is a milestone achievement for STW, one that we have been working towards for quite some time and are thrilled has come to fruition," said Alan Murphy, CEO of STW Resources Holding Corp. "We consider this to be a pivotal moment in establishing STW's West Texas Water Project as one that will provide processed and/or raw alternative water from multiple sources direct to the end-user. With the production and transportation permits approved, the Company can now market the water more effectively, and begin to execute sales agreements with local buyers."

Investor Database for Future Press Releases and Industry Updates

Interested investors and shareholders are invited to be added to the corporate e-mail database for corporate press releases and periodic industry updates by sending an email to cleanwater@stwresources.com

 

About STW Resources Holding Corp.

STW Resources Holdings Corp, (OTCQB: STWS) is a quality provider of water reclamation and processing management services. STW Water is a Total Water Solutions Provider Company and provides turnkey design build solutions and provides its Customers with "out-of-the-box" design solutions to meet customer's water needs. STW Water has capabilities to provide complete oversight of various water and wastewater projects with primary focus on engineering, regulatory permitting including Public Water Systems (PWS), Discharge permits, Pilot exception and Pilot Study, equipment design & treatment process design, manufacturing & installation and full scale Commissioning and training for all types of oil & gas, industrial and municipal water and wastewater markets throughout the State of Texas. STW's model of water ownership has had recent successes and broken ground on both Upton County and Ft. Stockton, Texas projects.

The Company consults and provides customized water analysis, reclamation and remediation services to a variety of complex oil and gas produced and flowback water, brackish water, ocean water desalination, industrial, and municipal applications throughout several geographic locations to fill a tremendous need for fresh water in the areas they service. As an independent solutions provider, STW utilizes proven technologies, from various well-known manufacturers. These technologies are available as fixed or mobile units with varying capabilities. STW's process ensures that the most effective and efficient technologies are implemented. Current potential project locations include the Eagle Ford Shale (TX), the west Texas Delaware and Permian Basins (TX), eastern New Mexico, and ocean desalination projects on the Gulf Coast of Texas, California, and Hawaii.

www.stwresources.com
@STWRESOURCES
https://www.facebook.com/STWRESOURCES

 

 



STW Resources in Water Tech Online


http://www.watertechonline.com/municipal-desalination-unit-offers-cost-effective-solution/




 


 

  
  





 

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