Frac Water Systems, Inc. (FWSI) Due Diligence Field Work Sharpens Focus for First JV Project, Dec 9 Selection Target Set
Frac Water Systems, who long ago decided to put their money where their mouth is and tackle the difficult problems of the booming oil and gas E&P sector by providing comprehensive and environmentally responsible water treatment services, announced another major step in the company's evolution today, as word breaks from FWSI that extensive due diligence is now underway to vet three target candidates for the company's first JV project. A business model driven by production-oriented and extremely flexible system design/implementation, couched in a strategic framework that takes up a basin-wide approach to developing vendor agreements for water management (involving multiple…