Plateau Mineral Development, Inc. Provides Detailed Description of the Fracking Process
12 10월 2010 - 10:00PM
Plateau Mineral Development, Inc. (Pink Sheets:PMDP) issued a
statement today detailing the fracking process. Fracking is a
procedure that results in the creation of fractures in rocks; the
goal of which is to increase the output of a well. The most
important industrial use is in stimulating oil and natural gas
wells. Gas is held inside the shale, so the rock needs to be opened
up before the gas can flow.
After the formation has been selected, and the depths of the top
and bottom have been determined, a means of isolating the formation
is determined. The treatment may be done to an open hole or with
casing in place. If cased, the casing is perforated by a compressed
gas-driven shot. In either case, packers are set just above and
just below the formation to be treated. To begin, an acid is
applied under pressure to eat way rock. When that is
completed, the remaining acid is then neutralized by an appropriate
solution, usually potassium chloride (KCL). In the case of shale
formations, the next step involves pushing water under pressure
into the formation, and then using more water to push sand into the
formation. Mixtures such as water and diesel fuel have also
been used.
Typically, fracking results in the generation of a lot of
leftover water polluted with chemical solutions that are
carcinogens. This water is usually forced into the formation
by a gas (usually nitrogen) under high pressure. When the nitrogen
flows back, it drives the water to surface tanks of open pits.
However, when Plateau's solvent is used instead of water, it
flows back with the nitrogen and oil, is collected in the storage
tank, and can be sold along with the oil to the refineries. In
short, no large quantities of polluted water result from fracking
with Plateau's dilution solvent.
According to the industry, fracturing has been used in roughly
90 percent of wells in operation today and 60 to 80 percent of new
wells will require fracturing to remain viable. The industry
contends the process is safe. But hydraulic fracturing operations
have been linked to environmental risks that could have significant
financial implications for the companies involved and are leading
to increased regulatory scrutiny. Congress has directed the
EPA to study the potential impact of fracking on drinking water,
human health and the environment after complaints by residents were
seen on the television program, "60 Minutes." (Source:
http://ipsnews.net/news.asp?idnews=52629 ) The fracturing
operations involve the movement, storage, and disposal of millions
of gallons of water and thousands to tens of thousands of gallons
of toxic chemicals.
To learn more about Plateau Mineral Development, please visit
www.plateaumineral.net.
About Plateau Mineral Development,
Inc.: Plateau Mineral Development, Inc. specializes
in the exploration and development of energy sources. Its partner,
Plateau Mineral Development LLC, has been in existence for over
five years with successful new wells and rework wells selling both
gas and oil.
Safe Harbor
Statement: This information includes certain
"forward-looking statements." The forward-looking statements
reflect the beliefs, expectations, objectives and goals of the
Company management with respect to future events and financial
performance. They are based on assumptions and estimates, which are
believed reasonable at the time such statements are made. However,
actual results could differ materially from anticipated results.
Important factors that may impact actual results include but are
not limited to commodity prices, political developments, legal
decisions, market and economic conditions, industry competition,
the weather, changes in financial markets and changing legislation
and regulations. Matters discussed in this press release may
contain forward-looking statements within the meaning of the
Private Securities Litigation Reform Act of 1995. When used in this
press release, the words "anticipate," "believe," "estimate,"
"may," "intend," "expect" and similar expressions identify such
forward-looking statements. Actual results, performance or
achievements could differ materially from those contemplated,
expressed or implied by the forward-looking statements contained
herein. These forward-looking statements are based largely on the
expectations of the Company and are subject to a number of risks
and uncertainties. These include but are not limited to risks and
uncertainties associated with the impact of economic, competitive
and other factors affecting the Company and its operations,
markets, product, and distributor performance, the impact on the
national and local economies resulting from terrorist actions, and
U.S. actions subsequently; and other factors detailed in reports
filed by the Company. Forward-looking statements are intended to
qualify for the safe harbor provisions of Section 21E of the
Securities and Exchange Act of 1934, as amended.
CONTACT: Plateau Mineral Development, Inc.
Investor Relations
410-242-0763
Plateau Mineral Developm... (CE) (USOTC:PMDP)
과거 데이터 주식 차트
부터 1월(1) 2025 으로 2월(2) 2025
Plateau Mineral Developm... (CE) (USOTC:PMDP)
과거 데이터 주식 차트
부터 2월(2) 2024 으로 2월(2) 2025