Roanoke, TX, September 21, 2012 --(PR.com
)-- Fountain Quail Water Management, a wholly owned subsidiary of Aqua-Pure Ventures, Inc. (AQE-TSXV), today announced that Richard Broderick has been appointed to the position of Vice President of Corporate Development. In addition, Broderick has been appointed Chairman of FQS Venture, LLC, a joint venture formed last month between Fountain Quail and Select Energy Services, LLC. He will serve in the chairman’s role for the first year of the joint venture.
Broderick brings more than three decades of experience in the upstream oil and gas industry to his new roles at FQS and Fountain Quail, a global leader in wastewater recycling. He is the owner of Oilfield Water Managers LLC, a firm specializing in water management solutions for the oil and gas sector. He has also served as an advisor to Fountain Quail since June 2011.
Until December 2010, Broderick was the Global Leader, O&G Sector, for Schlumberger Water Services. His tenure with the world’s leading oilfield services company spanned more than 29 years.
“We couldn’t be more pleased to welcome Rich to our management team,” said Brent Halldorson, Chief Operating Officer at Fountain Quail. “His water management expertise and long, successful track record in oilfield technology will be invaluable to our company, our joint venture and all of our customers.”
Broderick’s broad professional background covers virtually every important discipline in the oilfield services industry, including field work, operations management, sales and marketing, and quality, health, safety and the environment (QHSE). Over the past eight years, he has focused his energies on developing water solutions, through the adaptation of oilfield technology and existing tools, to meet the growing challenge of water resource management.
“I’m very excited to be appointed to the management team at Fountain Quail at this dynamic stage in the company’s history,” said Broderick. “Fountain Quail is a true pioneer in cost-effective shale gas wastewater recycling, and thanks to the new venture with Select, the company is poised to become an even more formidable player in the O&G industry. They have world-class leadership in place already, and I’m honored that they have asked me to come aboard to help FQS achieve is full potential.”
Unveiled in August, FQS combines the state-of-the-art recycling technology of Fountain Quail with Select, an industry leader in providing water solutions and wellsite services. FQS is capable of servicing multiple operators in virtually every shale and conventional oil and gas play across the continent.
“As Fountain Quail continues its growth in shale plays across the country, driven to a great degree by our alliance with Select, Rich’s expertise will be instrumental to our success,” said Halldorson. “His keen understanding of the upstream O&G industry, coupled with a deep knowledge of water solutions, gives him a unique insight into practical and relevant solutions for O&G operators.”
Fountain Quail has developed and refined its patented, industry-leading technologies for recycling flowback and produced water over the past eight years in North Texas’ Barnett Shale. During that time, the Company has recycled more than 800 million gallons of shale gas wastewater that would otherwise have been injected into disposal wells and permanently removed from the hydrological cycle. In addition to the Barnett, the company’s technology is currently being utilized in the Eagle Ford and Marcellus Shales.
About Aqua-Pure Ventures Inc.
Aqua-Pure (www.aqua-pure.com) is the premier recycler of industrial wastewater in North America. The Calgary-based oilfield engineering and services firm has developed and commercialized cutting-edge technology that transforms wastewater from a liability to an asset. Aqua-Pure’s oil and gas wastewater services and technology solutions ensure environmental sustainability through the utilization of patented and proprietary technologies. The Corporation’s common shares are listed on the TSX Venture Exchange under the trading symbol "AQE."
About Fountain Quail Water Management
Fountain Quail Water Management (www.fountainquail.com) provides low-cost, practical recycling alternatives for both shale gas and shale oil producers. The company is the global leader in recycling shale gas flowback and produced water into fresh water for re-use. Fountain Quail is wholly owned by Aqua-Pure Ventures Inc. and is based in Roanoke, Texas.
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