September 9, 2008
Ecosphere Technologies and Newfield Exploration Announce Water Recycling Program in Oklahoma’s Woodford Shale
Ecosphere Technologies, Inc. (OTCBB: ESPH), a diversified water engineering and services company, announces it has signed a letter of intent to enter into a multi-phase water recycling program with Newfield Exploration Mid Continent. Newfield Exploration is an independent crude oil and natural gas exploration and production company. During the term of the water recycling program Ecosphere Technologies and Newfield Exploration will work closely with various Oklahoma state and federal agencies to demonstrate the benefits of using Ecosphere's Ozonix mobile technology for water recycling, and preserving water resources.
Ecosphere's President Dennis McGuire stated, "We are very excited to be able to work with Newfield Exploration to recycle water resources in Oklahoma and to be able to be part of preserving these precious resources for future generations."
Newfield's Operations Project Lead, Mike O'Kelley, stated, "We have visited Ecosphere's headquarters and also their field operations and have seen the results first hand of how their process works for treating flowback and produced waters. To be able to recycle these waters at the well site is a breakthrough for the natural gas industry. When you can reduce your environmental footprint and reduce your costs at the same time everybody wins. "
Ecosphere is presently building the mobile equipment for the Newfield Exploration water-recycling program and expects to be on site in Oklahoma by early November. This is the third water-recycling program that Ecosphere has announced in the past 90 days. Recycling flowback and produced water at the well site with Ecosphere's Ozonix technology has the potential to reduce well completion costs by preserving precious water resources as well as decrease traffic and associated CO2 emissions from trucks hauling water to and from the drilling location. http://www.ecospheretech.com/water-recycling/flowback-management
About Ecosphere Technologies
Ecosphere Technologies, Inc. (OTCBB: ESPH) is a diversified water engineering and services company primarily focused on the natural gas industry. The Company provides water-recycling services at the well site to provide clean water for energy companies to extract natural gas from unconventional shale plays. Ecosphere's mission is to identify, create and produce clean technologies that solve a significant industry challenge, improve the quality of life and the environment, and are economically viable. Ecosphere has an extensive portfolio of patented clean technologies that can be purchased and licensed for use in large-scale and sustainable applications across industries, nations and ecosystems. For more information, please visit: www.ecospheretech.com
About Newfield Exploration
Newfield Exploration Company is an independent crude oil and natural gas exploration and production company. The Company relies on a proven growth strategy of growing reserves through an active drilling program and select acquisitions. Newfield's domestic areas of operation include the Anadarko and Arkoma Basins of the Mid-Continent, the Rocky Mountains, onshore Texas and the Gulf of Mexico. The Company has international operations in Malaysia and China.
For information, contact: Media Relations: Keith Schmidt (281) 674-2650 Email: [email protected] Stay up-to-date with current events by joining Ecosphere's email alert list. To join, just click the following link: http://www.b2i.us/irpass.asp?BzID=1368&to=ea&s=0 Contacts: Investor Relations Gerald Kieft or Ryan Audin 772-219-7525 Wall Street Resources, Inc. [email protected]www.wallstreetresources.net
SOURCE: Ecosphere Technologies, Inc.