Imperial Resources, Inc. (IPRC) Agrees to Purchase Disposal Site
Imperial Resources, Inc. reported that the company has signed an agreement to purchase a water disposal facility in Texas. The facility will be used to dispose of salt water and other fluids released from wells drilled in the area. Imperial Resources said the facility is located in the Fort Worth Basin in north Texas, and will handle the disposal of salt water from wells drilled into the Barnett Shale. The Barnett Shale is one of the largest natural gas producing area in the United States and has seen thousands of wells drilled over the last decade. Imperial Resources said that…