Frontier Oilfield Services,
along with its subsidiaries, is involved in the transport and disposal of
saltwater and other oilfield fluids in Texas. According to the Railroad
Commission of Texas, oil and gas reservoirs throughout the state are located in
porous rock formations that typically contain significant amounts of saltwater,
and the state requires proper disposal of this fluid in order to avoid
contamination of surface or subsurface waters. Currently, Frontier owns and
operates 11 of these disposal wells in the Lone Star State, with six within the
Barnett Shale Formation in North Texas and five near the Louisiana state line
in the eastern portion of the state.
The Barnett Shale Formation, in
particular, could provide the company with ample opportunity to increase its
foothold in the oilfield services industry. According to Geology.com, despite
over half a century of intense oil and gas drilling in the region, advances in
technology have made the area into a booming new frontier for the global industry.
Currently, the state has more than 295,000 active oil and gas wells, but only
7,500 wells that are used for disposal. This puts Frontier in a strong position
in an industry that is legally required to properly dispose of byproducts.
Founded in 1995, Frontier serves
national, integrated and independent oil and gas exploration companies from its
headquarters in Chico, Texas. Donald Ray Lawhorne has served as the company’s
Chief Executive Officer since July 29, 2013, leading a dedicated team of 83
full time employees towards growth in one of the country’s most active drilling
regions.
With Texas oil production rising
from just over one million barrels per day in 2009 to nearly three million
barrels per day in March 2014, according to the Christian Science Monitor,
demand for Frontier’s services is at an all-time high. Look for the company to
continue making strides in attracting additional growth opportunities in the
area in the months to come.
For more information, visit
www.frontierosi.com
MissionIR is committed to connecting the investment community with companies that have great potential and a strong dedication to building shareholder value. We know our reputation is based on the integrity of our clients and go to great lengths to ensure the companies represented adhere to sound business practices.
Sign up for “The Mission Report” at www.MissionIR.com
Please see disclaimer on the MissionIR website http://www.missionir.com/disclaimer.html