Converde Energy USA, Inc. (OTC: XFUL), d/b/a American Energy Partners Inc., has diversified its energy services portfolio following a successful rebranding effort. The Allentown, Pennsylvania-based company operates through various subsidiaries that have their own energy operations. Hydration Company of Pennsylvania (HCPA) focuses on water exploration and treatment with applications in multiple industries; American Energy Solutions (AES) is an industrial waste stream treatment company; and Gilbert Oil & Gas Company focuses more on generating value in the upstream gas and oil space through operating, drilling, and partnership opportunities. Overall, American Energy Partners hopes to significantly expand operations through involvement in hydrological projects and sourcing water supplies.
The ability to attract capital, form strategic alliances, and achieve sustained growth is helping American Energy Partners serve a diverse customer base. These assets are also attracting investors. Recently, it entered an agreement with GPL Ventures LLC, which may purchase stock valued at up to $3 million. Additionally, the company retained Minivest as a business advisor, to which it issued a Convertible Promissory Note valued at $100,000. Among other things, the agreement allowed access to Minivest’s online marketing platform to help XFUL strengthen its online advertising.
Competent subsidiaries are key contributors to the growth and success of XFUL. A technical workhorse, HCPA can source, implement, and distribute reclaimed water and work in a diversity of geographies, storage conditions, and water quality. It’s also able to augment existing water flow. This allows it to provide a consistent supply, even when levels are low and drought conditions affect a region.
An expert in performing hydrological studies and contracting with mine owners, HCPA possesses the hydrological and engineering know-how to maximize filtration, treatment, and distribution of water resources. Its low-cost treatment and distribution model involves locating, procuring, treating, and distributing water while preserving the environment. The subsidiary can serve a range of applications, including oil and gas, utilities, mining, pipelines, industry, and local municipalities.
HCPA’s patent-pending proprietary water conveyance system is a key component of the subsidiary’s treatment and distribution model, which it plans to implement together with AES, to begin with, by remediating pools of non-potable water. Its recent contract with the Eastern Pennsylvania Coalition for Abandoned Mine Reclamation (“EPCAMR”) to engage the Susquehanna River Basin Commission (“SRBC”) in a study of the Mocanaqua Abandoned Mine Drainage (AMD) Tunnel will serve as a starting point for the new model, proving its efficacy and validity.
Providing off the shelf and custom water treatment solutions, AES is devoted to serving the industrial waste sector. It offers remediation of superfund sites. Also, it can remedy coal ash, acid mine draining, and various other industrial processes. Flowback and produced waters, as well as drill cuttings, can be managed. Specializing in project design and managing strategic partnerships with established water treatment providers, AES can offer performance evaluation and aims to generate market share.
Gilbert is an energy source producer operating in the Marcellus and Utica region. As such, the subsidiary and its competitors represent potential XFUL customers. The market itself is a driver for potential growth of the company and its subsidiaries. Much water is utilized in hydraulic fracturing, including that purchased from public utilities. Flowback and treated wastewater from existing wells are significant. Aside from these water-intensive industrial processes, water use is a major aspect of irrigation, aquaculture, thermoelectric power, mining, and domestic use. In Pennsylvania, thermoelectric power alone consumes 6.43 billion gallons of water per day, and public water supplies use 1.42 billion gallons each day, demonstrating the size of the market XFUL can reach.
For more information, visit the company’s website at www.AmericanEnergy-Inc.com
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