Frontera Energy Corp T.FEC

A Possible Solution to PRE's Water Issue: AQE

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Pacific Rubiales Energy Corp.(PRE) added three cents to $3.74 on 6.9 million shares, after releasing its production estimate for the fourth quarter. The Colombia-focused company figures it produced 143,000 to 149,000 net barrels of oil equivalent a day. This is down from a firm 149,000 in the first half of the year. Production at the mature Rubiales field, which contributes about 40 per cent of total output, decreased throughout 2014 because of limited water disposal capacity. Pacific Rubiales and the field's co-owner,Ecopetrol SA(ECP: $18.45), had hoped to solve this problem in the second half of 2014 through the Agrocascada irrigation project, expected to boost productive capacity by 20,000 gross barrels a day. The project faced permitting delays, however, and was pushed back to this year. Pacific Rubiales warned in November that because the Rubiales field was not performing according to plan, the company would likely find itself at the low end of its full-year production target of 148,000 to 162,000 barrels a day.

Go to: https://www.aqua-pure.com/

Aqua-Pure is an oilfield engineering and services firm that has developed and commercialized cutting-edge technology that transforms wastewater from a liability to an asset.

Fountain Quail Water Management, our wholly owned subsidiary and primary operating unit, deploys state-of-the-art mobile treatment units in shale gas plays across North America, delivering cost-effective and environmentally sustainable alternatives to wastewater disposal that ensures the long-term success of our industry partners, respects the communities in which we operate and preserves our most precious resource.