Wednesday, April 29, 2015

Frontier Oilfield Services, Inc. (FOSI) Serving Texas Oil Industry with Saltwater Disposal Wells

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

About MissionIR 

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