Plateau Mineral Development, Inc. Details Use of Solvent Instead of Chemical-Laced Water for Fracking
01 October 2010 - 4:21AM
Plateau Mineral Development, Inc. (Pink Sheets:PMDP) issued a
statement yesterday regarding an article published on September 24,
2010 by Dr. Kent Moors entitled, "At Last, the EPA Weighs in on
Fracking." (Source: www.oilandenergyinvestor.com) Today, Plateau
would like to address the benefits of using its own Solvent as
opposed to chemical-laden water for fracking.
Fracking is a process that results in the creation of fractures
in rocks; the goal of which is to increase the output of a well.
The most important industrial use is in stimulating oil and natural
gas wells. Gas is held inside the shale, so the rock needs to be
opened up before the gas can flow.
Fracking is typically done by moving millions of gallons of
chemical-laced water under high pressure, which breaks, or
"fractures" the rock, thereby stimulating the release of the oil or
gas. Some of the chemicals used in fracking fluids are of primary
concern, hence the EPA's interest in the subject. (Source:
www.oilandenergyinvestor.com)
According to the industry, fracturing has been used in roughly
90 percent of wells in operation today and 60 to 80 percent of new
wells will require fracturing to remain viable. The industry
contends the process is safe. But hydraulic fracturing operations
have been linked to environmental risks that could have significant
financial implications for the companies involved and are leading
to increased regulatory scrutiny. Congress has directed the EPA to
study the potential impact of fracking on drinking water, human
health and the environment after complaints by residents were seen
on the television program, "60 Minutes." (Source:
http://ipsnews.net/news.asp?idnews=52629 ) The fracturing
operations involve the movement, storage, and disposal of millions
of gallons of water and thousands to tens of thousands of gallons
of toxic chemicals.
Then a documentary filmmaker, John Fox, took on the issue. His
film, "Gasland," is now available on HBO. It chronicles the recent
catastrophic BP oil spill and the environmental effects of the
energy industry's efforts to extract natural
resources. According to Fox, there are 450,000 of these gas
wells across the country, with a proposal for 100,000 more in New
York and 100,000 in Pennsylvania.
Plateau Mineral Development's Tire Converter System produces an
end product called Dilution Solvent that is great for use as a
fracking fluid. The benefit of using the solvent is that it can be
used instead of water laced with chemicals, thereby saving the
earth's water supply, and not generating polluted water. A main
concern of environmentalists is the gallons upon gallons of wasted
or polluted water that is used to frack. This water must later be
disposed of, or filtered and cleaned up, which is an expensive and
complicated undertaking. Plateau's solvent will eliminate the need
for water use altogether. Upon completion of the fracking process,
the fluids will flow back into the system, where the solvent is
captured and stored along with the oil and can be sold at market,
eliminating the need for disposal.
To learn more about Plateau Mineral Development, please visit
www.plateaumineral.net.
About Plateau Mineral Development,
Inc.: Plateau Mineral Development has been in
existence for over five years.
Safe Harbor
Statement: This information includes certain
"forward-looking statements." The forward-looking statements
reflect the beliefs, expectations, objectives and goals of the
Company management with respect to future events and financial
performance. They are based on assumptions and estimates, which are
believed reasonable at the time such statements are made. However,
actual results could differ materially from anticipated results.
Important factors that may impact actual results include but are
not limited to commodity prices, political developments, legal
decisions, market and economic conditions, industry competition,
the weather, changes in financial markets and changing legislation
and regulations. Matters discussed in this press release may
contain forward-looking statements within the meaning of the
Private Securities Litigation Reform Act of 1995. When used in this
press release, the words "anticipate," "believe," "estimate,"
"may," "intend," "expect" and similar expressions identify such
forward-looking statements. Actual results, performance or
achievements could differ materially from those contemplated,
expressed or implied by the forward-looking statements contained
herein. These forward-looking statements are based largely on the
expectations of the Company and are subject to a number of risks
and uncertainties. These include but are not limited to risks and
uncertainties associated with the impact of economic, competitive
and other factors affecting the Company and its operations,
markets, product, and distributor performance, the impact on the
national and local economies resulting from terrorist actions, and
U.S. actions subsequently; and other factors detailed in reports
filed by the Company. Forward-looking statements are intended to
qualify for the safe harbor provisions of Section 21E of the
Securities and Exchange Act of 1934, as amended.
CONTACT: Plateau Mineral Development
Investor Relations
410-242-0763
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