Showing posts with label Sionix Corporation. Show all posts
Showing posts with label Sionix Corporation. Show all posts

Monday, April 23, 2012

Sionix Corporation (OTCBB: SINX) Ships MWTS to the Williston Basin in North Dakota

Sionix Corporation (OTCBB: SINX) Ships MWTS to the Williston Basin in North DakotaSt. Augustine, FL 4/23/12 (StreetBeat) -- Sionix Corporation(OTCBB: SINX), a designer of patented water treatment systems, announced today that it has shipped its Mobile Water Treatment System (MWTS) to a staging area in North Dakota under the Water Treatment Agreement with McFall Incorporated announced on March 5, 2012. Designed to treat up to 9,600 barrels per day of contaminated drilling fluids at a drilling site, this MWTS will be deployed to a specific drilling rig and commence treatment operations in early May 2012. When treatment operations commence, further announcements will be made.

Accompanying the MWTS will be senior Sionix personnel including Chief Science Officer Mark J. Hayes, Chief Engineer Charles B. Oborn, and Field Service Manager Joey M. Anderson. This team will manage the installation, commissioning, and subsequent operation of the MWTS at the initial drilling site. "This group of scientists, engineers and technicians represents a dedicated and experienced team who has the education, experience, and commitment to deliver a successful installation for the Sionix Williston Basin operations," states Sionix CEO James Currier. "This installation is very important to the growth and success of Sionix. Our senior team will remain on-site for some time to ensure the proper integration of our MWTS within the operations of the drilling rig, monitoring safety practices, calibration of instrumentation, fine tuning current supervisory controls, and collecting data for continued product development and enhancement of Sionix system designs," Currier added.

Sionix has posted updated information on its website to include new data on the Williston Basin for the benefit of its shareholders. This presentation can be found athttp://www.sionix.com/willistonbasinpresentation. Additional information will be added and updated from time to time.

About Sionix Corporation
Sionix designs innovative and advanced MWTS intended for use in energy, government facilities, healthcare facilities, emergency water supplies during natural disasters, housing development projects, and various industrial processes including subterranean fracturing used in oil and gas drilling. These systems can be located adjacent to contaminated water sites or as a pre-treatment for reverse osmosis and other membrane applications. Industries involved in dairy, agribusiness, meat processing, mining, poultry operations, and many others can benefit from Sionix' cost-effective, easily-maintained, portable water treatmentsystems. For more information about the company, go to www.sionix.com.

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Monday, March 5, 2012

Sionix Corporation (OTCBB: SINX) Signs Water Treatment Agreement in the Williston Basin of North Dakota

Sionix Corporation (OTCBB: SINX) Signs Water Treatment Agreement in the Williston Basin of North DakotaOrlando, FL 3/5/12 (StreetBeat) -- Sionix Corporation (OTCBB: SINX), a designer of patented water treatment systems, announced today that it has entered into a Water Treatment Agreement ("WTA") with McFall Incorporated, a Carnation, WA-based construction and logistics firm operating under a Master Service Agreement with a major oil and gas exploration and production company in the Williston Basin. Sionix will deploy a fully-equipped Mobile Water Treatment System ("MWTS") consisting of de-watering, DAF, filtration, and de-salination components for operation alongside a specific drilling rig. The treatment train for this project is configured to treat drilling fluids flowing to the surface from an initial vertical bore through the water table and hydraulic conductivity zones (approximately 2,200 feet) where chloride concentrations are critical, through the final vertical bore (approximately 10,000 feet), and the horizontal (lateral) bores (approximately 10,000 feet), where salt concentrations are less critical than other contaminants.

Sionix expects to treat from 4,800 - 9,600 barrels of contaminated water per day at specific drill sites. Drilling cycles run approximately 25 days, with 8 days allocated for teardown and set-up at the next drilling site, or approximately 11 drilling cycles per year. The Sionix MWTS will be embedded with a specific drilling rig and will be transported to successive sites together. The WTA defines a scale of treatment revenues dependent upon contaminant loading of influent water at each drilling site. Configuration changes (if any) in the MWTS from site to site will be insignificant as conditions in the subterranean geologic strata are expected to remain consistent within the entire Williston Region. The 8-day relocation time will give Sionix the opportunity to perform routine maintenance and system enhancements, if needed, without interrupting normal drilling cycles. James Currier, Sionix Corp CEO stated, "We are pleased and excited to provide our unique patented and proprietary technology to support large scale operations in a critical American oil field." The MWTS has the capability of providing turnkey, sustainable solutions which enable exploration and production companies to recycle and reuse large amounts of previously non-viable fluids. This deployment confirms the early adoption of recycling capabilities in the Williston Basin.

This major end user is an independent oil and natural gas exploration and production company and a proven leader in the Williston Formation. Sionix Corporation will be the owner/operator of this MWTS and will be compensated on a per gallon basis. "This is an addition to our previous business model of 'selling' a piece of equipment where Sionix would incur a one-time revenue event," Currier stated. By establishing a services revenue model that will own and operate the remediation equipment we will start to generate monthly recurring revenue for every gallon of water we process. "This 'fee per barrel' model will create substantial value for our shareholder base both in the short and long term," said President and CFO David R. Wells.

Sionix expects to deploy the MWTS to the worksite in 4 - 6 weeks.

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