Minot, ND, June 27, 2016 (GLOBE NEWSWIRE) -- Bakken Water Transfer Services Inc. (OTC Pink: BWTX) is pleased to announce that it has begun a large sale of water from one of its premier state permitted sources located in Mountrail County North Dakota. The customer is a publicly traded oil major in the region with an existing pipelined infrastructure used for water transportation.
On June 10, 2016, the customer began fracking its well pad using one of Bakken Water Transfer’s contracted sources. As of today, over 490,000 barrels of water have been pumped by the customer from this specific company source. BWTS currently has permits on this source totaling 150 acre-feet, which is approximately 1.160 million barrels of water.
The company is currently seeking to acquire, manage and develop other water sources in the region in an effort to provide affordable pricing, lowering costs for shale producers affected by the lower price of crude oil.
About Bakken Water Transfer Services Inc.
BWTS is an oilfield service company with operations focused currently in the Bakken Shale Region of North Dakota. The company provides, sells, locates and transports surface water to shale oil producers at affordable prices. Bakken Water Transfer Services Inc. common stock trades on the OTC Pink marketplace under the ticker symbol “BWTX.”
Safe Harbor Notice
Certain statements contained herein are "forward-looking statements" (as defined in the Private Securities Litigation Reform Act of 1995). Bakken Water Transfer Services, Inc. cautions that statements made in this news release constitute forward-looking statements and makes no guarantee of future performance. Forward-looking statements are based on estimates and opinions of management at the time statements are made. These statements may address issues that involve significant risks, uncertainties, estimates and assumptions made by management. Actual results could differ materially from current projections or implied results. Bakken Water Transfer Services, Inc. undertakes no obligation to revise these statements following the date of this news release.
Contact Jack Galvin Phone: 702-904-0475 Email: email@example.com
Source:Bakken Water Transfer Services, Inc.