This goes back to the spring...but timing feels right...
Dear Subscriber,
The following article was featured this morning on Bloomberg's home page. While it doesn't mention Ecosphere Technologies (OTCBB:ESPH) specifically, the comments under the "Ultrasonic Fluid" section by Steve Mueller describe Ecosphere's technology very accurately.
March 29 (Bloomberg) --
"Ultrasonic Fluid
Schlumberger spokeswoman Mary Jo Caliandro, who confirmed the company is testing new technology, declined to comment on any advance before it's "commercial."
Houston-based Southwestern has tested an ultrasonic technique that moves water faster than the speed of sound through a cone-shaped vortex to kill bacteria before the fluid is sent down the well, Mueller said".
Gas producers are realizing they have to find ways to clean and recycle the water used in hydraulic fracturing, said George P. Mitchell, the Houston billionaire who pioneered development of shale gas in the Barnett formation of North Texas.
"I think a lot of action is going on to get that done," Mitchell said in a telephone interview. "It's not an insurmountable task."
Environmental issues generally begin to be addressed after companies realize there will be a financial cost if they don't act, said Geoff Kieburtz, an analyst at Weeden & Co. in Greenwich, Connecticut. "The oil industry is as good as any at recognizing those things change over time," he said.
To contact the reporter on this story: David Wethe in Houston at dwethe@bloomberg.net.
Last Updated: March 29, 2010 00:00 EDT
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