- Fracking accounts for half of oil and two-thirds of natural gas production in the U.S.
- Water is limited yet vital to fracking process
- American Energy Partners and its subsidiaries provide solutions
Hydraulic fracturing, or fracking, is an important drilling method used to extract oil or natural gas from deep shale formations in the Earth. This sophisticated drilling technology has exponentially expanded petroleum and natural gas production in the United States. In fact, fracking accounts for over half of U.S. oil production and two-thirds of natural gas production in the country and makes the U.S. the largest natural gas producer in the world. It is also instrumental in being more energy independent and holding down the cost of these valuable commodities.
The process involves the large use of water, where cracks in and below the Earth’s surface are opened and widened by injecting water, chemicals, and sand at high pressure to release gas and oil. Water is vital to the hydraulic fracking process, and competition for water is fierce. Beyond the public water supply, water is consumed for irrigation, livestock, golf courses and countless other uses.
Converde Energy USA, Inc. (OTC: XFUL), d/b/a American Energy Partners, Inc., and its subsidiaries provide solutions where energy production and water meet technology. The company’s subsidiaries design, build, and operate regional water treatment facilities that serve the industrial and energy sectors. Together, American Energy Partners and its subsidiaries comprise an integrated vertical that sources, scrubs, and supplies water to mining, oil and gas, power and other industrial concerns.
American Energy’s subsidiary, Hydration Corporation of PA (HCPA), engages in water exploration, water augmentation, and the treatment of impacted waters. HCPA’s patent pending process delivers among the highest energy yields possible from a wide range of water-bearing assets and does so with one of the lowest capital expenditures of any known water process. The American Energy Solutions subsidiary provides off-the-shelf and custom-designed treatment technologies across its customer base and augments HCPA’s low-cost treatment and distribution solutions. The Gilbert Oil & Gas Company subsidiary is the oil and gas business arm and leverages relationships and experience to source drilling, operating, and partnership opportunities in the oil and gas space. Gilbert Oil & Gas is positioned to not only become a strong customer of the other subsidiaries but also to attract other customers and open new markets.
In an industry that relies on water, American Energy Partners and its subsidiaries are positioned to profit from not only the oil and gas arena but from multiple other industrial opportunities as well. As demand for fuel continues to expand, the need for water increases, and American Energy Partners can benefit.
For more information, visit the company’s website at www.AmericanEnergy-Inc.com
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