Water Stocks Sector Close –Up, Water Stocks Ride the Wave of Market Strength, Nalco (NYSE:NLC) up on Earnings News
POINT ROBERTS, WA and DELTA, BC –April 29, 2009 www.Water-Stocks.com, an investor and industry portal for the water sector within Investorideas.com, presents a sector close-up on water stocks trading April 29, 2009.
Nalco (NYSE:NLC) was up on earnings news released yesterday afternoon. According to Nalco’s press release, “Even with difficult economic pressures and negative currency impacts, Nalco (NYSE:NLC - News) delivered solid first quarter revenue, earnings, and free cash flow, aided by strong cost controls.
Organic sales dipped just 3.6 percent as part of a nominal sales decline to $868 million from prior-year first quarter sales of $1 billion. Currency translation effects reduced reported sales by 8.3 percent, with divestitures accounting for the remaining 1.2 percent decline.
The stronger U.S. dollar had a similarly negative impact on earnings. Earnings per share were 17 cents in the first quarter, on net income of $23 million, compared to 20 cents in the first quarter of 2008. Organic net income increased 18 percent.”
Full Release: http://www.investorideas.com/News/042909b.asp
Sector close- up trading April 29, 2009
American Water Works Company, Inc. (NYSE: AWK) trading at $18.47, up $ 0.25 (1.37%) 1:57pm ET
ITT Corporation (NYSE:ITT) trading at $ 42.03, up $1.54 (3.80%) 1:54pm ET
Middlesex Water Company (NasdaqGS: MSEX) trading at $14.17, up $ 0.23 (1.65%) 11:39am ET
Nalco (NYSE:NLC) trading at $15.81, up $1.24 (8.51%) 2:00pm ET
Northwest Pipe (NasdaqGS: NWPX) trading at $38.14, up $0.97 (2.61%) 1:46pm ET
Pentair, Inc. (NYSE: PNR) trading at $26.68, up $0.91 (3.53%) 2:01pm ET
Watts Water Technologies, Inc. (NYSE: WTS ) trading at $22.79, up 0.02 (0.09%) 2:02pm ET
Wescorp Energy Inc. (OTCBB: WSCE ) trading at $0.2950, down 0.0150 (4.84%)
PFW Water Fund (PFWAX) trading up .14%
Research more global water stocks at the water Stocks Directory:
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Featured Water Stocks Showcase Company: Wescorp Energy Inc. (OTCBB: WSCE )
Wescorp Energy Inc. (OTCBB: WSCE) is an Oil and Gas solutions provider focused on deploying its water remediation and environmental technologies that overcome tough operational challenges facing oil and gas operators today on a global basis. Virtually anywhere in the world oil is produced contaminated water is produced, this includes associated formation water in conventional oil and gas production and potable water used in unconventional oil production such as the massive Oil Sands development in Alberta Canada.
Using conventional oil/water/solids separation technology, between 0.05% - 5% (500 ppm - 50,000 ppm) residual oil content remains in the water, Wescorp's patented, proven and highly scalable H2Omaxx microscopic aeration technology addresses this crisis by being able to increase the recovery of oil and reduce the amount of hydrocarbons in the contaminated water to less than 0.001% or 10 ppm. Wescorp's H2Omaxx is extremely economical and environmentally friendly eliminating the use of chemicals, filtration systems, high temperature systems and high pressure vessels.
Wescorp Energy Inc Showcase Profile Page: http://www.water-stocks.com/CO/WSCE/Default.asp
Wescorp Energy Inc Company Website: http://www.wescorpenergy.com/
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Wednesday, April 29, 2009
Water Stocks News - Nalco (NYSE:NLC ) Delivers Solid First Quarter Earnings and Strong Cash, Despite Economy, Forex
Water Stocks News - Nalco (NYSE:NLC ) Delivers Solid First Quarter Earnings and Strong Cash, Despite Economy, Forex
NAPERVILLE, Ill., April 28, 2009 -- Even with difficult economic pressures and negative currency impacts, Nalco (NYSE:NLC ) delivered solid first quarter revenue, earnings, and free cash flow, aided by strong cost controls.
Organic sales dipped just 3.6 percent as part of a nominal sales decline to $868 million from prior-year first quarter sales of $1 billion. Currency translation effects reduced reported sales by 8.3 percent, with divestitures accounting for the remaining 1.2 percent decline.
The stronger U.S. dollar had a similarly negative impact on earnings. Earnings per share were 17 cents in the first quarter, on net income of $23 million, compared to 20 cents in the first quarter of 2008. Organic net income increased 18 percent.
EBITDA margins held flat as EBITDA declined 2.6 percent organically from the $156 million earned in the prior year quarter. Currency further reduced nominal first quarter 2009 EBITDA to $136 million. Earnings reflect $18 million in unfavorable volume variances in our plants, reflecting both the organic sales decline and production curtailments to reduce inventory levels.
Free Cash Flow for the period, $146 million, rose significantly from year-ago first quarter results of $43 million, benefitting from programs to reduce receivables and inventory. Results were ahead of full year 2008 Free Cash Flow of $142 million.
Sales were again led by Energy Services, which delivered 4.9 percent organic growth consisting of 10 percent improvement in oil field services, modest gains with Downstream customers and a decline in the Adomite well-service business that was less steep than rig count declines. Direct contribution of $80 million was just under the prior year quarter's $82 million, as currency impacts offset operational gains. Margins ended flat to last year.
Water Services growth in Latin America was more than offset by declines in North America, Asia and Europe, leading to an overall organic sales decrease of 4.5 percent. Manufacturing and mining sales were among the hardest hit sectors in Water Services, although plant closings hurt sales in several other markets as well. Growth efforts will be supported the remainder of the year by the mid-March introduction of 3D TRASAR(r) Boiler Technology, which drives energy, water, maintenance and other savings for customers. The Nalco Mobotec air protection technologies business led first quarter growth efforts in the segment, expanding 44 percent. The business is expected to continue to grow even while facing delays in some projects as air pollution control rules are adjusted in the United States. Water Services direct contribution of $70 million was down $18 million from the comparable 2008 period on lower sales, currency, and divestiture of the Finishing Technologies business. Direct contribution margins declined 0.7 percentage points.
A steep decline in paper end markets led to decreased Paper Services segment sales. Organic sales fell 16.9 percent, including a 25.7 percent decline in the hard-hit European paper market. Latin America, however, grew 6.8 percent even in tough market conditions. Direct contribution also was lower by $12 million to a total of $23 million on reduced sales and a 2.5 percentage point margin decline from the prior year. However, direct contribution margins improved sequentially from the fourth quarter of 2008, benefiting in part from recent restructuring activities.
Regionally, Latin America organic sales grew sharply across all segments, up 13.6 percent. Organic revenues dropped 3.2 percent in Asia, 3.6 percent in North America and 9.2 percent in Europe, Africa and the Middle East (EAME).
``Given what can only be described as extraordinarily challenging economic conditions, the business and our global team performed well. After a weak start to the year driven by extensive customer plant closures that reduced water treatment sales and production declines that hurt process-oriented revenues, we began seeing some improvement in Water Services end markets late in the quarter,'' said J. Erik Fyrwald, Chairman, President and Chief Executive Officer.
``Still, this likely will be a very challenging year and one with more volatility likely to come. We are pushing aggressively on productivity to help offset the impacts of weaker end markets. We generated very good progress on this front in the first quarter and remain on path -- at $27 million in the first quarter -- to exceed our $100 million savings commitment. Given that we had averaged $11 million in first quarter savings over the past three years, I am very pleased with these early results,'' Fyrwald added.
Working capital reductions were a key contributor to first quarter Free Cash Flow, and the Company expects to deliver further performance improvements into 2010. ``As we improve our demand planning and order-to-cash processes, we will be better positioned to manage inventory, receivable and accounts payable positions going forward,'' Fyrwald said.
In late March, Nalco acquired Crossbow Water, a regional high-purity water and water pre-treatment company. The Crossbow acquisition expands the range of pre-treatment technologies and services that Nalco sales engineers can offer to customers, initially focused on the U.S. Midwest. Crossbow generated 2008 sales of $14 million.
Conference Call/Webcast
Nalco will discuss first-quarter results in a conference call and audio-only Webcast to be held on Wednesday, April 29 at 10 a.m. ET. Information on the conference call and Webcast is available on our Web site at http://www.nalco.com/investors.
About Nalco
Nalco is the world's leading water treatment and process improvement company, delivering significant environmental, social and economic performance benefits to our customers. We help our customers reduce energy, water and other natural resource consumption, enhance air quality, minimize environmental releases and improve productivity and end products while boosting the bottom line. Together our comprehensive solutions contribute to the sustainable development of customer operations. Nalco is a member of the Dow Jones Sustainability World Index. More than 11,500 Nalco employees operate in 130 countries supported by a comprehensive network of manufacturing facilities, sales offices and research centers to serve a broad range of end markets. In 2008, Nalco achieved sales of more than $4.2 billion. For more information visit http://www.nalco.com/.
The Nalco Company logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=1135
Several non-GAAP measures are discussed in today's press release. Management believes that discussion of these measures provides investors with additional insight into the ongoing operations of Nalco Holding Company. Non-GAAP measures are reconciled to the closest GAAP measure in schedules attached to this press release, which may also be found at http://www.nalco.com/. EBITDA is a non-GAAP measure used in determining compliance with the Company's debt covenants. Reconciliation to net earnings is included in Attachment 5. Free Cash Flow is reconciled on Attachment 6 to Cash from Operations as shown on Nalco's Cash Flow Statement, and is defined as Cash from Operations less Capital Expenditures and Noncontrolling Interest charges. In addition, Nalco may discuss sales growth in terms of nominal (actual), organic (nominal less foreign currency and acquisition/divestiture/merger/joint venture/perimeter impacts), and real (organic growth less that portion of the growth which consists of price increases that simply pass along higher purchased material and freight costs). The non-GAAP measures should not be viewed as alternatives to GAAP measures of performance. Furthermore, these measures may not be consistent with similar measures provided by other companies.
This news release includes forward-looking statements, reflecting current analysis and expectations, based on what are believed to be reasonable assumptions. Forward-looking statements may involve known and unknown risks, uncertainties and other factors, which may cause the actual results to differ materially from those projected, stated or implied, depending on many factors, including, without limitation: ability to generate cash, ability to raise capital, ability to refinance, the result of the pursuit of strategic alternatives, ability to execute work process redesign and reduce costs, ability to execute price increases, business climate, business performance, economic and competitive uncertainties, higher manufacturing costs, reduced level of customer orders, changes in strategies, risks in developing new products and technologies, environmental and safety regulations and clean-up costs, foreign exchange rates, the impact of changes in the regulation or value of pension fund assets and liabilities, changes in generally accepted accounting principles, adverse legal and regulatory developments, including increases in the number or financial exposures of claims, lawsuits, settlements or judgments, or the inability to eliminate or reduce such financial exposures by collecting indemnity payments from insurers, the impact of increased accruals and reserves for such exposures, weather-related factors, and adverse changes in economic and political climates around the world, including terrorism and international hostilities, and other risk factors identified by the Company. Accordingly, there can be no assurance that the Company will meet future results, performance or achievements expressed or implied by such forward-looking statements. This paragraph is included to provide safe harbor for forward-looking statements, which are not generally required to be publicly revised as circumstances change, and which the Company does not intend to update.
Contact: Nalco Media Contact: Charlie Pajor 630 305 1556 cpajor@nalco.com Investor Contact: Mike Bushman 630 305 1025 mbushman@nalco.com
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NAPERVILLE, Ill., April 28, 2009 -- Even with difficult economic pressures and negative currency impacts, Nalco (NYSE:NLC ) delivered solid first quarter revenue, earnings, and free cash flow, aided by strong cost controls.
Organic sales dipped just 3.6 percent as part of a nominal sales decline to $868 million from prior-year first quarter sales of $1 billion. Currency translation effects reduced reported sales by 8.3 percent, with divestitures accounting for the remaining 1.2 percent decline.
The stronger U.S. dollar had a similarly negative impact on earnings. Earnings per share were 17 cents in the first quarter, on net income of $23 million, compared to 20 cents in the first quarter of 2008. Organic net income increased 18 percent.
EBITDA margins held flat as EBITDA declined 2.6 percent organically from the $156 million earned in the prior year quarter. Currency further reduced nominal first quarter 2009 EBITDA to $136 million. Earnings reflect $18 million in unfavorable volume variances in our plants, reflecting both the organic sales decline and production curtailments to reduce inventory levels.
Free Cash Flow for the period, $146 million, rose significantly from year-ago first quarter results of $43 million, benefitting from programs to reduce receivables and inventory. Results were ahead of full year 2008 Free Cash Flow of $142 million.
Sales were again led by Energy Services, which delivered 4.9 percent organic growth consisting of 10 percent improvement in oil field services, modest gains with Downstream customers and a decline in the Adomite well-service business that was less steep than rig count declines. Direct contribution of $80 million was just under the prior year quarter's $82 million, as currency impacts offset operational gains. Margins ended flat to last year.
Water Services growth in Latin America was more than offset by declines in North America, Asia and Europe, leading to an overall organic sales decrease of 4.5 percent. Manufacturing and mining sales were among the hardest hit sectors in Water Services, although plant closings hurt sales in several other markets as well. Growth efforts will be supported the remainder of the year by the mid-March introduction of 3D TRASAR(r) Boiler Technology, which drives energy, water, maintenance and other savings for customers. The Nalco Mobotec air protection technologies business led first quarter growth efforts in the segment, expanding 44 percent. The business is expected to continue to grow even while facing delays in some projects as air pollution control rules are adjusted in the United States. Water Services direct contribution of $70 million was down $18 million from the comparable 2008 period on lower sales, currency, and divestiture of the Finishing Technologies business. Direct contribution margins declined 0.7 percentage points.
A steep decline in paper end markets led to decreased Paper Services segment sales. Organic sales fell 16.9 percent, including a 25.7 percent decline in the hard-hit European paper market. Latin America, however, grew 6.8 percent even in tough market conditions. Direct contribution also was lower by $12 million to a total of $23 million on reduced sales and a 2.5 percentage point margin decline from the prior year. However, direct contribution margins improved sequentially from the fourth quarter of 2008, benefiting in part from recent restructuring activities.
Regionally, Latin America organic sales grew sharply across all segments, up 13.6 percent. Organic revenues dropped 3.2 percent in Asia, 3.6 percent in North America and 9.2 percent in Europe, Africa and the Middle East (EAME).
``Given what can only be described as extraordinarily challenging economic conditions, the business and our global team performed well. After a weak start to the year driven by extensive customer plant closures that reduced water treatment sales and production declines that hurt process-oriented revenues, we began seeing some improvement in Water Services end markets late in the quarter,'' said J. Erik Fyrwald, Chairman, President and Chief Executive Officer.
``Still, this likely will be a very challenging year and one with more volatility likely to come. We are pushing aggressively on productivity to help offset the impacts of weaker end markets. We generated very good progress on this front in the first quarter and remain on path -- at $27 million in the first quarter -- to exceed our $100 million savings commitment. Given that we had averaged $11 million in first quarter savings over the past three years, I am very pleased with these early results,'' Fyrwald added.
Working capital reductions were a key contributor to first quarter Free Cash Flow, and the Company expects to deliver further performance improvements into 2010. ``As we improve our demand planning and order-to-cash processes, we will be better positioned to manage inventory, receivable and accounts payable positions going forward,'' Fyrwald said.
In late March, Nalco acquired Crossbow Water, a regional high-purity water and water pre-treatment company. The Crossbow acquisition expands the range of pre-treatment technologies and services that Nalco sales engineers can offer to customers, initially focused on the U.S. Midwest. Crossbow generated 2008 sales of $14 million.
Conference Call/Webcast
Nalco will discuss first-quarter results in a conference call and audio-only Webcast to be held on Wednesday, April 29 at 10 a.m. ET. Information on the conference call and Webcast is available on our Web site at http://www.nalco.com/investors.
About Nalco
Nalco is the world's leading water treatment and process improvement company, delivering significant environmental, social and economic performance benefits to our customers. We help our customers reduce energy, water and other natural resource consumption, enhance air quality, minimize environmental releases and improve productivity and end products while boosting the bottom line. Together our comprehensive solutions contribute to the sustainable development of customer operations. Nalco is a member of the Dow Jones Sustainability World Index. More than 11,500 Nalco employees operate in 130 countries supported by a comprehensive network of manufacturing facilities, sales offices and research centers to serve a broad range of end markets. In 2008, Nalco achieved sales of more than $4.2 billion. For more information visit http://www.nalco.com/.
The Nalco Company logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=1135
Several non-GAAP measures are discussed in today's press release. Management believes that discussion of these measures provides investors with additional insight into the ongoing operations of Nalco Holding Company. Non-GAAP measures are reconciled to the closest GAAP measure in schedules attached to this press release, which may also be found at http://www.nalco.com/. EBITDA is a non-GAAP measure used in determining compliance with the Company's debt covenants. Reconciliation to net earnings is included in Attachment 5. Free Cash Flow is reconciled on Attachment 6 to Cash from Operations as shown on Nalco's Cash Flow Statement, and is defined as Cash from Operations less Capital Expenditures and Noncontrolling Interest charges. In addition, Nalco may discuss sales growth in terms of nominal (actual), organic (nominal less foreign currency and acquisition/divestiture/merger/joint venture/perimeter impacts), and real (organic growth less that portion of the growth which consists of price increases that simply pass along higher purchased material and freight costs). The non-GAAP measures should not be viewed as alternatives to GAAP measures of performance. Furthermore, these measures may not be consistent with similar measures provided by other companies.
This news release includes forward-looking statements, reflecting current analysis and expectations, based on what are believed to be reasonable assumptions. Forward-looking statements may involve known and unknown risks, uncertainties and other factors, which may cause the actual results to differ materially from those projected, stated or implied, depending on many factors, including, without limitation: ability to generate cash, ability to raise capital, ability to refinance, the result of the pursuit of strategic alternatives, ability to execute work process redesign and reduce costs, ability to execute price increases, business climate, business performance, economic and competitive uncertainties, higher manufacturing costs, reduced level of customer orders, changes in strategies, risks in developing new products and technologies, environmental and safety regulations and clean-up costs, foreign exchange rates, the impact of changes in the regulation or value of pension fund assets and liabilities, changes in generally accepted accounting principles, adverse legal and regulatory developments, including increases in the number or financial exposures of claims, lawsuits, settlements or judgments, or the inability to eliminate or reduce such financial exposures by collecting indemnity payments from insurers, the impact of increased accruals and reserves for such exposures, weather-related factors, and adverse changes in economic and political climates around the world, including terrorism and international hostilities, and other risk factors identified by the Company. Accordingly, there can be no assurance that the Company will meet future results, performance or achievements expressed or implied by such forward-looking statements. This paragraph is included to provide safe harbor for forward-looking statements, which are not generally required to be publicly revised as circumstances change, and which the Company does not intend to update.
Contact: Nalco Media Contact: Charlie Pajor 630 305 1556 cpajor@nalco.com Investor Contact: Mike Bushman 630 305 1025 mbushman@nalco.com
Visit the water stocks directory at Investorideas.com and Water-stocks.com
http://www.investorideas.com/Water-Stocks/Stock_List.asp
Tuesday, April 28, 2009
Water Stocks News -American Water Confirms Water Quality is Not Impacted by Swine Flu
American Water Confirms Water Quality is Not Impacted by Swine Flu
VOORHEES, N.J.--April 28 2009 --American Water Works Company, Inc. (NYSE:AWK), the largest investor-owned U.S. water and wastewater utility company, communicated to its customers today that influenza viruses, including swine flu, are effectively removed by filtration and disinfection.
“In the United States, federal and state drinking water regulations require filtration and disinfection of all surface water supplies (e.g., those from lakes, reservoirs, or rivers). These regulations specify specific treatment requirements for removal and inactivation of viruses,” said Dr. Mark W. LeChevallier, director of Innovation & Environmental Stewardship for American Water. “Because influenza viruses, including swine influenza A (H1N1), are more susceptible to disinfection than most enteric viruses (like Poliovirus, Hepatitis A, or Norovirus), and the influenza viruses are slightly larger and more effectively removed by filtration, current drinking water treatment barriers provide a high degree of protection from “swine flu.” We want to reassure our customers that they do not need to be concerned about the safety of properly treated drinking water with respect to swine influenza A.”
Founded in 1886, American Water is the largest investor-owned U.S. water and wastewater utility company. With headquarters in Voorhees, N.J., the company employs more than 7,000 dedicated professionals who provide drinking water, wastewater and other related services to approximately 15 million people in 32 states and Ontario, Canada. More information can be found by visiting www.amwater.com.
Contacts American Water Works Company, Inc.Maureen Duffy, 856-309-4546maureen.duffy@amwater.com
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VOORHEES, N.J.--April 28 2009 --American Water Works Company, Inc. (NYSE:AWK), the largest investor-owned U.S. water and wastewater utility company, communicated to its customers today that influenza viruses, including swine flu, are effectively removed by filtration and disinfection.
“In the United States, federal and state drinking water regulations require filtration and disinfection of all surface water supplies (e.g., those from lakes, reservoirs, or rivers). These regulations specify specific treatment requirements for removal and inactivation of viruses,” said Dr. Mark W. LeChevallier, director of Innovation & Environmental Stewardship for American Water. “Because influenza viruses, including swine influenza A (H1N1), are more susceptible to disinfection than most enteric viruses (like Poliovirus, Hepatitis A, or Norovirus), and the influenza viruses are slightly larger and more effectively removed by filtration, current drinking water treatment barriers provide a high degree of protection from “swine flu.” We want to reassure our customers that they do not need to be concerned about the safety of properly treated drinking water with respect to swine influenza A.”
Founded in 1886, American Water is the largest investor-owned U.S. water and wastewater utility company. With headquarters in Voorhees, N.J., the company employs more than 7,000 dedicated professionals who provide drinking water, wastewater and other related services to approximately 15 million people in 32 states and Ontario, Canada. More information can be found by visiting www.amwater.com.
Contacts American Water Works Company, Inc.Maureen Duffy, 856-309-4546maureen.duffy@amwater.com
Visit the water stocks directory at Investorideas.com and Water-stocks.com
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Friday, April 24, 2009
BEAN PUSHES EXAMINATION OF PHARMACEUTICALS IN DRINKING WATER
BEAN PUSHES EXAMINATION OF PHARMACEUTICALS IN DRINKING WATER
For Immediate Release April 23, 2009
Amendment to H.R. 1145 would require comprehensive study of effects of pharmaceuticals and consumer products in our water supply Washington, D.C. - Deeply concerned about the still-unknown effects that rising levels of pharmaceuticals and household chemicals in our drinking water have on people, Congresswoman Bean amended a nation water policy today to require a comprehensive analysis by government scientists of this disturbing trend.
“We know that millions of Americans are drinking tap water that contains measurable quantities of prescription drugs and other complex chemical compounds, but we have no long-term plan to address the problem,” Bean said. “Understanding what levels of these drugs pose a threat to human health is the necessary first step.”
A 2008 report by the Chicago Tribune said that an independent test of drinking water at sites across the region found trace amounts of “dozens of prescription and over-the-counter drugs as well as chemicals from personal-care products, food packaging, clothing and household goods.” Recently, researchers from Baylor University reported finding trace amounts of pharmaceuticals in fish caught in different cities across the nation, including Chicago. Those drugs included anti-depressants, anti-seizure medications, blood pressure medications, and fragrances from soap, which are not filtered by current wastewater treatment facilities.
However, while reports confirm the presence of drugs and unregulated chemicals in our drinking water, an effective treatment strategy is not possible until the effects of different compounds on human health is understood. Bean’s amendment requires such a study as part of H.R. 1145, the National Water Research and Development Initiative Act. This bill coordinates national research and development efforts on water and provides for development of a national water strategy.
Bean’s amendment, cosponsored with Reps. Betty McCollum (MN-04), Carolyn McCarthy (NY-04) and Gerald Connolly (VA-11), was incorporated into the manager’s amendment offered by House Science and Technology Chairman Bart Gordon, which passed. The full bill, including Bean’s language, passed the House today 413 to 10.
“Without a thorough understanding of challenges posed by the presence of pharmaceuticals in our drinking water, we cannot begin to address this issue,” Bean said. “It is critical that regulators have all information necessary to determine if and how to direct water utilities to combat contaminated water.”
To Contact Congresswoman Bean: - Email Congresswoman Bean - view my Privacy PolicyIn Illinois: 1701 E Woodfield Road, Suite 200, Schaumburg, IL 60173 (847) 517-2927In Washington: 432 Cannon House Office Building, Washington, DC 20515 (202) 225-3711
Contact: Jonathan Lipman, 202-225-3711
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Thursday, April 23, 2009
Water Stocks Sector Close- Up; Environmental Impact of Produced Water in Oil and Gas Industry
Water Stocks Sector Close- Up; Environmental Impact of Produced Water in Oil and Gas Industry
How Nature Group (LSE: NGR-GB.L), Siemens (NYSE: SI) Water Technologies and Wescorp Energy Inc. (OTCBB: WSCE) are providing Solutions for the Oil and Gas Industry
Point Roberts, WA, Delta, BC - April 23, 2009 - www.InvestorIdeas.com, a leading global investor and industry research portal covering water, environment and oil and gas sectors, presents a water stocks sector close-up on produced water in the oil and gas industry, problems and solutions. Publicly traded companies providing solutions include Nature Group (LSE: NGR-GB.L), Siemens (NYSE: SI) Water Technologies and Wescorp Energy Inc. (OTCBB: WSCE ).
According to the National Energy Technology Laboratory (NETL), part of DOE’s national laboratory system, approximately 15-20 billion bbl (barrels; 1 bbl = 42 U.S. gallons) of produced water are generated each year in the United States from nearly a million wells, and more than 50 billion bbl of produced water are generated each year at thousands of wells in other countries.
As water and environmental issues now play a major role in the future of the oil and gas industry, here is how three public companies are coming up with solutions.
Wescorp Energy Inc. (OTCBB:WSCE) an oil and gas solutions provider of water remediation and environmental technologies , announced in December 08, that Weatherford International Ltd., (NYSE: WFT) had executed a letter of intent for the testing of Wescorp's wholly-owned water remediation technology, H2Omaxx, in two projects in South America. H2Omaxx is a water remediation unit that consistently provides safe, effective and economical separation of oil from produced water.
When asked if Wescorp Energy (OTCBB: WSCE ) technology works for all produced water applications, on shore and off shore, Dave LeMoine, Vice President of Business Development commented, “In general the answer would be yes, Wescorp’s technology has been independently proven to have a high level of scalability and effectiveness, allowing it to be used on a single well to multi well applications or projects such as Offshore Platforms or in conventional or unconventional oil development such as the Oilsands in Alberta. Wescorp gives the oil companies three streams, Clean water Clean solids and Ultrafines and resalable oil
The client problem could be environmental, cost related, regulatory compliancy, revenue generated, process improvement based, or a host of other issues. “
According to NATURE GROUP’s (LSE:NGR-GB.L), CEO, Richard Eldridge, “ There is now wide agreement within the petroleum industry, governments and scientists that focus should now be put on dissolved organic components, heavy metals and production chemicals. The oil in water content shall be as low as possible and the industry shall make use of best available technology (BAT).”
The Nature process for treatment of produced water is based on addition of patented
coagulant/flocculant in existing or partially modified water systems. The agent is injected
into the produced water upstream a static mixer or various process equipment (pumps,
valves etc.) to provide sufficient in- mixing. The agent separates dispersed and dissolved
hydrocarbons and is floated and skimmed off in a flotation vessel downstream the in-mixing
point.
SIEMENS A G ADR (NYSE: SI) Siemens Water Technologies was recently selected by Petro-Canada to provide a system for treating coal-bed-methane (CBM) produced water at the Mitchell Draw CBM Project near Gillette, Wyoming, USA. The system will treat 72,000 barrels per day (3 MGD) of CBM produced water, removing contaminants like sodium (Na) and total dissolved solids (TDS), which will allow the plant to meet current state regulatory requirements.
Siemens states it has 750 onshore and offshore produced water treatment systems, treating about 6 million barrels of water per day.
According to Eddy Isaacs, managing director of the Alberta Energy Research Institute, “Companies now have to worry about the environment as much as they need to worry about their production.” *1
So What is Produced Water?
The US Department of the Interior defines Produced water as “mainly salty water trapped in the reservoir rock and brought up along with oil or gas during production. It can contain very minor amounts of chemicals added downhole during production. These waters exist under high pressures and temperatures, and usually contain oil and metals. Because of this, they must be treated prior to being discharged overboard. As with drilling muds, following treatment, they must be tested for toxicity and cannot exceed set discharge rates.”
Most produced waters contain combinations or mixture of: Dissolved inorganic salts, dispersed oil droplets, dissolved organic compounds (dissolved "oil"),treatment and workover chemicals dissolved gases (particularly hydrogen sulfide and carbon dioxide),bacteria and other living organisms, and dispersed solid particles.
The Produced Water Society reports, “The ability to efficiently and economically dispose of this water is critical to the success in the oil production business. “
Learn more about produced water solutions:
Featured Showcase Water Stock:
Wescorp Energy Inc Showcase Profile Page:
http://www.water-stocks.com/CO/WSCE/Default.asp
Wescorp Energy Inc Company Website: http://www.wescorpenergy.com/
www.Water-Stocks.com is an investor research portal within the InvestorIdeas.com content umbrella covering water stocks.
Visit the Water stocks directory: http://www.investorideas.com/Water-Stocks/Stock_List.asp
About InvestorIdeas.com: Investorideas.com creates a meeting place for investing ideas to take form and come to life in an entrepreneurial environment, servicing the needs of small investors and start- up companies to large conglomerates! We cover multiple industry sectors but specialize in environmental and water.
*1Source: http://www.calgaryherald.com/business/Innovations+pave+cleaner+oilsands/1508350/story.html
Disclaimer: Our sites do not make recommendations. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. We attempt to research thoroughly, but we offer no guarantees as to the accuracy of information presented. All Information relating to featured companies is sourced from public documents and/ or the company and is not the opinion of Investorideas.com. This site is currently compensated by featured companies, including WSCE, news submissions and online advertising. www.InvestorIdeas.com/About/Disclaimer.asp
Disclosure, compensation: http://www.investorideas.com/About/News/Clientspecifics.asp
$3500 month plus fifteen thousand shares, three months contract with third party.
For Additional Information:
Investorideas.com
Dawn Van Zant: 800-665-0411 - dvanzant@investorideas.com
Source – Wescorp Energy Inc, Investorideas.com, NATURE GROUP
How Nature Group (LSE: NGR-GB.L), Siemens (NYSE: SI) Water Technologies and Wescorp Energy Inc. (OTCBB: WSCE) are providing Solutions for the Oil and Gas Industry
Point Roberts, WA, Delta, BC - April 23, 2009 - www.InvestorIdeas.com, a leading global investor and industry research portal covering water, environment and oil and gas sectors, presents a water stocks sector close-up on produced water in the oil and gas industry, problems and solutions. Publicly traded companies providing solutions include Nature Group (LSE: NGR-GB.L), Siemens (NYSE: SI) Water Technologies and Wescorp Energy Inc. (OTCBB: WSCE ).
According to the National Energy Technology Laboratory (NETL), part of DOE’s national laboratory system, approximately 15-20 billion bbl (barrels; 1 bbl = 42 U.S. gallons) of produced water are generated each year in the United States from nearly a million wells, and more than 50 billion bbl of produced water are generated each year at thousands of wells in other countries.
As water and environmental issues now play a major role in the future of the oil and gas industry, here is how three public companies are coming up with solutions.
Wescorp Energy Inc. (OTCBB:WSCE) an oil and gas solutions provider of water remediation and environmental technologies , announced in December 08, that Weatherford International Ltd., (NYSE: WFT) had executed a letter of intent for the testing of Wescorp's wholly-owned water remediation technology, H2Omaxx, in two projects in South America. H2Omaxx is a water remediation unit that consistently provides safe, effective and economical separation of oil from produced water.
When asked if Wescorp Energy (OTCBB: WSCE ) technology works for all produced water applications, on shore and off shore, Dave LeMoine, Vice President of Business Development commented, “In general the answer would be yes, Wescorp’s technology has been independently proven to have a high level of scalability and effectiveness, allowing it to be used on a single well to multi well applications or projects such as Offshore Platforms or in conventional or unconventional oil development such as the Oilsands in Alberta. Wescorp gives the oil companies three streams, Clean water Clean solids and Ultrafines and resalable oil
The client problem could be environmental, cost related, regulatory compliancy, revenue generated, process improvement based, or a host of other issues. “
According to NATURE GROUP’s (LSE:NGR-GB.L), CEO, Richard Eldridge, “ There is now wide agreement within the petroleum industry, governments and scientists that focus should now be put on dissolved organic components, heavy metals and production chemicals. The oil in water content shall be as low as possible and the industry shall make use of best available technology (BAT).”
The Nature process for treatment of produced water is based on addition of patented
coagulant/flocculant in existing or partially modified water systems. The agent is injected
into the produced water upstream a static mixer or various process equipment (pumps,
valves etc.) to provide sufficient in- mixing. The agent separates dispersed and dissolved
hydrocarbons and is floated and skimmed off in a flotation vessel downstream the in-mixing
point.
SIEMENS A G ADR (NYSE: SI) Siemens Water Technologies was recently selected by Petro-Canada to provide a system for treating coal-bed-methane (CBM) produced water at the Mitchell Draw CBM Project near Gillette, Wyoming, USA. The system will treat 72,000 barrels per day (3 MGD) of CBM produced water, removing contaminants like sodium (Na) and total dissolved solids (TDS), which will allow the plant to meet current state regulatory requirements.
Siemens states it has 750 onshore and offshore produced water treatment systems, treating about 6 million barrels of water per day.
According to Eddy Isaacs, managing director of the Alberta Energy Research Institute, “Companies now have to worry about the environment as much as they need to worry about their production.” *1
So What is Produced Water?
The US Department of the Interior defines Produced water as “mainly salty water trapped in the reservoir rock and brought up along with oil or gas during production. It can contain very minor amounts of chemicals added downhole during production. These waters exist under high pressures and temperatures, and usually contain oil and metals. Because of this, they must be treated prior to being discharged overboard. As with drilling muds, following treatment, they must be tested for toxicity and cannot exceed set discharge rates.”
Most produced waters contain combinations or mixture of: Dissolved inorganic salts, dispersed oil droplets, dissolved organic compounds (dissolved "oil"),treatment and workover chemicals dissolved gases (particularly hydrogen sulfide and carbon dioxide),bacteria and other living organisms, and dispersed solid particles.
The Produced Water Society reports, “The ability to efficiently and economically dispose of this water is critical to the success in the oil production business. “
Learn more about produced water solutions:
Featured Showcase Water Stock:
Wescorp Energy Inc Showcase Profile Page:
http://www.water-stocks.com/CO/WSCE/Default.asp
Wescorp Energy Inc Company Website: http://www.wescorpenergy.com/
www.Water-Stocks.com is an investor research portal within the InvestorIdeas.com content umbrella covering water stocks.
Visit the Water stocks directory: http://www.investorideas.com/Water-Stocks/Stock_List.asp
About InvestorIdeas.com: Investorideas.com creates a meeting place for investing ideas to take form and come to life in an entrepreneurial environment, servicing the needs of small investors and start- up companies to large conglomerates! We cover multiple industry sectors but specialize in environmental and water.
*1Source: http://www.calgaryherald.com/business/Innovations+pave+cleaner+oilsands/1508350/story.html
Disclaimer: Our sites do not make recommendations. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. We attempt to research thoroughly, but we offer no guarantees as to the accuracy of information presented. All Information relating to featured companies is sourced from public documents and/ or the company and is not the opinion of Investorideas.com. This site is currently compensated by featured companies, including WSCE, news submissions and online advertising. www.InvestorIdeas.com/About/Disclaimer.asp
Disclosure, compensation: http://www.investorideas.com/About/News/Clientspecifics.asp
$3500 month plus fifteen thousand shares, three months contract with third party.
For Additional Information:
Investorideas.com
Dawn Van Zant: 800-665-0411 - dvanzant@investorideas.com
Source – Wescorp Energy Inc, Investorideas.com, NATURE GROUP
Wednesday, April 22, 2009
Earth Day Water Stocks Sector Close – Up, Neil Berlant of the PFW Water Fund (PFWAX) Discusses Investing in Water
Earth Day Water Stocks Sector Close – Up, Neil Berlant of the PFW Water Fund (PFWAX) Discusses Investing in Water
“Investing in the companies that produce equipment and offer processes that improve the quality of water and mitigate the impact of higher prices offers enormous potential for investment success”
DELTA, BC –April 22, 2009 www.Water-Stocks.com, an investor and industry portal for the water sector within Investorideas.com, presents investing in water, the second in a series of commentary and insight with Neil Berlant, Fund Manager of the PFW Water Fund (PFWAX).
With Earth Day bringing attention to cleantech and water issues, Water-stocks.com reminds investors of the issues and opportunities within the sector.
Q- Dawn Van Zant at Water-stocks.com
Neil, you have discussed in previous interviews how the cost of water will become a driving force in the sector moving forward. Can you give us some insight as to what the historical and projected costs look like and how that will impact both consumers and industry?
A- Neil Berlant of the PFW Water Fund
Water prices tend to be different region by region, community by community, and to some degree by quality. What is contributing to the doubling or tripling of the price that I am projecting is the enormous capital spending of communities and water districts that are associated with the required improvements to water infrastructure. There is a well-documented need of some $1 trillion dollars, over the next twenty years, to repair and replace the aging water infrastructure throughout the nation. There are some 59,000 water utilities in the US, all facing these necessary expenditures, varying region to region, but all with similar needs. None of what they have to spend money on goes to add new customers. Thus, only by raising the price of water will they be able to recover those required expenditures. Experience has shown that as the price moves up, water consumers attempt to conserve, thus exacerbating the problem. In my view, the rising price of water will dramatically alter the perceived value, and making the value of equipment that improves the quality of water and enables more efficient use significantly more valuable. In addition, as water costs more, consumers will demand higher-quality, or the belief that they are getting better quality. They will move in record numbers to use drinking water purifiers in their homes, increase their consumption of bottled water, and willingly accept higher costs if they believe they are getting more of value.
Q- Dawn Van Zant at Water-stocks.com
Based on water costs increasing how has that created new opportunities for smart metering, desalination and other sub sectors in the water industry. What do you see as some of the best opportunities to invest in and how does this influence your direction and strategy for your fund, The PFW Water Fund?
A- Neil Berlant of the PFW Water Fund
Higher prices for water have already begun to impact sales of equipment that is used for purification and efficient water use. In addition, there is a growing market for more efficient irrigation and water-sensing equipment. As the cost of water increases, communities are moving vigorously to add new and more efficient meters to monitor and price effectively the consumption of water. Many regions in the nation do not presently meter the consumption of water, but rather merely estimate consumption. One of the most exciting beneficiaries of the increase in cost that we anticipate is the improving competitive price of desalination to traditional municipal supply of water. As the cost of desalination falls, as it is, and the cost of water generally rises, as it its, the adoption of desalination processes is going to boom. For those reasons, investing in the companies that produce equipment and offer processes that improve the quality of water and mitigate the impact of higher prices offers enormous potential for investment success. The PFW Water Fund is focused on investing in the companies that are specifically addressing these areas of opportunity.
To hear previous audios from Neil Berlant and other water experts: http://www.investorideas.com/ws/
Investing in Water Podcast RSS Feed: http://www.investorideas.com/Podcasts/water.xml
About Neil Berlant:
Fund Manager of the PFW Water Fund - PFW Water A (PFWAX)
Since 1968, Neil has been continuously involved in the investment banking industry, either as a principal, officer, or founder of several firms. He has supervised and initiated the publication of numerous investment research reports on the water industry and conducted conferences directed towards top corporate management, the investment community, and venture capitalists. He has been a speaker at conferences on topics ranging from financing, to business and investment opportunities in the water industry. In addition, he has consulted to Fortune 500 companies and participated in negotiations concerning mergers, acquisitions, and venture capital investments. He is quoted frequently in newspapers including the Wall Street Journal, The New York Times, Los Angeles Times, Investor's Business Daily, and is a frequent water expert on CNBC.
Research more global water stocks at the water Stocks Directory:
http://www.investorideas.com/Water-Stocks/Stock_List.asp
Water Stocks Showcase Company: Wescorp Energy Inc. (OTCBB: WSCE )
Wescorp Energy Inc. is an Oil and Gas solutions provider focused on deploying its water remediation and environmental technologies that overcome tough operational challenges facing oil and gas operators today on a global basis. Wescorp's patented, highly scalable H2Omaxx microscopic aeration technology increase the recovery of oil and reduce the amount of hydrocarbons in the contaminated water to less than 0.001% or 10 ppm. Wescorp's H2Omaxx is economical and environmentally friendly eliminating the use of chemicals, filtration systems, high temperature systems and high pressure vessels.
Wescorp Energy Inc Showcase Profile Page: http://www.water-stocks.com/CO/WSCE/Default.asp
Wescorp Energy Inc Company Website: http://www.wescorpenergy.com/
www.Water-Stocks.com, a portal within the InvestorIdeas.com content umbrella, offers investors research tools, news, Blogs, online conferences, Podcasts , interviews and a directory of public companies within the water sector .The water-stocks content hub has created a global marketplace and meeting place for investors, public companies, industry buyers and sellers of water technology, services and water assets.
Submit water stock news: click here
Marketplace water opportunities for business and investors:
Sign up here: http://www.investorideas.com/marketplace/signup.asp
About InvestorIdeas.com:
Investorideas.com creates a meeting place for investing ideas to take form and come to life in an entrepreneurial environment, servicing the needs of small investors and start- up companies to large conglomerates! We cover multiple industry sectors but specialize in environmental and water.
Disclaimer: Our sites do not make recommendations. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. We attempt to research thoroughly, but we offer no guarantees as to the accuracy of information presented. All Information relating to featured companies is sourced from public documents and/ or the company and is not the opinion of our web sites. This site is currently compensated by featured showcase companies (WSCE), news submissions and online advertising. Compensation Disclosure and disclaimers:
www.InvestorIdeas.com/About/Disclaimer.asp http://www.investorideas.com/About/News/Clientspecifics.asp
For More Information Contact:
Water-stocks.com
Dawn Van Zant 800-665-0411
Email: dvanzant@investorideas.com
Web Site: www.InvestorIdeas.com www.water-stocks.com
Source: Water-Stocks.com, Investorideas.com
“Investing in the companies that produce equipment and offer processes that improve the quality of water and mitigate the impact of higher prices offers enormous potential for investment success”
DELTA, BC –April 22, 2009 www.Water-Stocks.com, an investor and industry portal for the water sector within Investorideas.com, presents investing in water, the second in a series of commentary and insight with Neil Berlant, Fund Manager of the PFW Water Fund (PFWAX).
With Earth Day bringing attention to cleantech and water issues, Water-stocks.com reminds investors of the issues and opportunities within the sector.
Q- Dawn Van Zant at Water-stocks.com
Neil, you have discussed in previous interviews how the cost of water will become a driving force in the sector moving forward. Can you give us some insight as to what the historical and projected costs look like and how that will impact both consumers and industry?
A- Neil Berlant of the PFW Water Fund
Water prices tend to be different region by region, community by community, and to some degree by quality. What is contributing to the doubling or tripling of the price that I am projecting is the enormous capital spending of communities and water districts that are associated with the required improvements to water infrastructure. There is a well-documented need of some $1 trillion dollars, over the next twenty years, to repair and replace the aging water infrastructure throughout the nation. There are some 59,000 water utilities in the US, all facing these necessary expenditures, varying region to region, but all with similar needs. None of what they have to spend money on goes to add new customers. Thus, only by raising the price of water will they be able to recover those required expenditures. Experience has shown that as the price moves up, water consumers attempt to conserve, thus exacerbating the problem. In my view, the rising price of water will dramatically alter the perceived value, and making the value of equipment that improves the quality of water and enables more efficient use significantly more valuable. In addition, as water costs more, consumers will demand higher-quality, or the belief that they are getting better quality. They will move in record numbers to use drinking water purifiers in their homes, increase their consumption of bottled water, and willingly accept higher costs if they believe they are getting more of value.
Q- Dawn Van Zant at Water-stocks.com
Based on water costs increasing how has that created new opportunities for smart metering, desalination and other sub sectors in the water industry. What do you see as some of the best opportunities to invest in and how does this influence your direction and strategy for your fund, The PFW Water Fund?
A- Neil Berlant of the PFW Water Fund
Higher prices for water have already begun to impact sales of equipment that is used for purification and efficient water use. In addition, there is a growing market for more efficient irrigation and water-sensing equipment. As the cost of water increases, communities are moving vigorously to add new and more efficient meters to monitor and price effectively the consumption of water. Many regions in the nation do not presently meter the consumption of water, but rather merely estimate consumption. One of the most exciting beneficiaries of the increase in cost that we anticipate is the improving competitive price of desalination to traditional municipal supply of water. As the cost of desalination falls, as it is, and the cost of water generally rises, as it its, the adoption of desalination processes is going to boom. For those reasons, investing in the companies that produce equipment and offer processes that improve the quality of water and mitigate the impact of higher prices offers enormous potential for investment success. The PFW Water Fund is focused on investing in the companies that are specifically addressing these areas of opportunity.
To hear previous audios from Neil Berlant and other water experts: http://www.investorideas.com/ws/
Investing in Water Podcast RSS Feed: http://www.investorideas.com/Podcasts/water.xml
About Neil Berlant:
Fund Manager of the PFW Water Fund - PFW Water A (PFWAX)
Since 1968, Neil has been continuously involved in the investment banking industry, either as a principal, officer, or founder of several firms. He has supervised and initiated the publication of numerous investment research reports on the water industry and conducted conferences directed towards top corporate management, the investment community, and venture capitalists. He has been a speaker at conferences on topics ranging from financing, to business and investment opportunities in the water industry. In addition, he has consulted to Fortune 500 companies and participated in negotiations concerning mergers, acquisitions, and venture capital investments. He is quoted frequently in newspapers including the Wall Street Journal, The New York Times, Los Angeles Times, Investor's Business Daily, and is a frequent water expert on CNBC.
Research more global water stocks at the water Stocks Directory:
http://www.investorideas.com/Water-Stocks/Stock_List.asp
Water Stocks Showcase Company: Wescorp Energy Inc. (OTCBB: WSCE )
Wescorp Energy Inc. is an Oil and Gas solutions provider focused on deploying its water remediation and environmental technologies that overcome tough operational challenges facing oil and gas operators today on a global basis. Wescorp's patented, highly scalable H2Omaxx microscopic aeration technology increase the recovery of oil and reduce the amount of hydrocarbons in the contaminated water to less than 0.001% or 10 ppm. Wescorp's H2Omaxx is economical and environmentally friendly eliminating the use of chemicals, filtration systems, high temperature systems and high pressure vessels.
Wescorp Energy Inc Showcase Profile Page: http://www.water-stocks.com/CO/WSCE/Default.asp
Wescorp Energy Inc Company Website: http://www.wescorpenergy.com/
www.Water-Stocks.com, a portal within the InvestorIdeas.com content umbrella, offers investors research tools, news, Blogs, online conferences, Podcasts , interviews and a directory of public companies within the water sector .The water-stocks content hub has created a global marketplace and meeting place for investors, public companies, industry buyers and sellers of water technology, services and water assets.
Submit water stock news: click here
Marketplace water opportunities for business and investors:
Sign up here: http://www.investorideas.com/marketplace/signup.asp
About InvestorIdeas.com:
Investorideas.com creates a meeting place for investing ideas to take form and come to life in an entrepreneurial environment, servicing the needs of small investors and start- up companies to large conglomerates! We cover multiple industry sectors but specialize in environmental and water.
Disclaimer: Our sites do not make recommendations. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. We attempt to research thoroughly, but we offer no guarantees as to the accuracy of information presented. All Information relating to featured companies is sourced from public documents and/ or the company and is not the opinion of our web sites. This site is currently compensated by featured showcase companies (WSCE), news submissions and online advertising. Compensation Disclosure and disclaimers:
www.InvestorIdeas.com/About/Disclaimer.asp http://www.investorideas.com/About/News/Clientspecifics.asp
For More Information Contact:
Water-stocks.com
Dawn Van Zant 800-665-0411
Email: dvanzant@investorideas.com
Web Site: www.InvestorIdeas.com www.water-stocks.com
Source: Water-Stocks.com, Investorideas.com
Tuesday, April 21, 2009
Middlesex Water Company Partners with EPA’s WaterSense® Program
Middlesex Water Company Partners with EPA’s WaterSense® Program
ISELIN, NJ, April 20, 2009 Middlesex Water Company (NASDAQ:MSEX) a provider of water, wastewater and related services in New Jersey and Delaware, today announced it has teamed with the U.S. Environmental Protection Agency’s (EPA) WaterSense® Program to help consumers save water for future generations and reduce costs on their utility bills.
WaterSense aims to decrease indoor and outdoor water use through water-efficient products and simple water-saving practices. The program encourages consumers to look for WaterSense labeled products, which have been independently certified for efficiency and performance, and promotes water-saving techniques that reduce stress on water systems and the environment.
“Middlesex Water Company is proud to be a WaterSense partner and to be promoting efficiency in water consumption and the availability of WaterSense labeled products through our website,” said Dennis W. Doll, President and CEO. “As we celebrate Earth Day later this week, a day designed to inspire awareness and appreciation for our environment, becoming a WaterSense partner takes on added significance as we realize that actions taken today have an impact on our natural resources for generations to come. Together, we can help ensure the availability of clean, safe drinking water for these future generations,” added Doll.
The average home, retrofitted with water-efficient fixtures, can save 30,000 gallons per year. If one out of every 10 homes in the United States upgraded to water-efficient fixtures, more than 300 billion gallons per year could be saved at an annual cost of nearly $2 billion. WaterSense labeled products must meet EPA’s criteria for efficiency and performance. Independently tested and certified products may bear the WaterSense label, which makes it easy for consumers to identify and select a variety of quality, water-efficient products and services for their homes and lawns.
Middlesex Water Company, organized in 1897, is a water utility serving customers in central and southern New Jersey. The Company also serves customers in Delaware through its wholly-owned subsidiary, Tidewater Utilities, Inc. For information about the WaterSense program visit www.middlesexwater.com or call (732) 634-1500.
###
Contact:
Bernadette Sohler, Vice President – Corporate Affairs
Middlesex Water Company
(732) 638-7549
www.middlesexwater.com
Visit the water stocks directory at Investorideas.com and Water-stocks.com
http://www.investorideas.com/Water-Stocks/Stock_List.asp
ISELIN, NJ, April 20, 2009 Middlesex Water Company (NASDAQ:MSEX) a provider of water, wastewater and related services in New Jersey and Delaware, today announced it has teamed with the U.S. Environmental Protection Agency’s (EPA) WaterSense® Program to help consumers save water for future generations and reduce costs on their utility bills.
WaterSense aims to decrease indoor and outdoor water use through water-efficient products and simple water-saving practices. The program encourages consumers to look for WaterSense labeled products, which have been independently certified for efficiency and performance, and promotes water-saving techniques that reduce stress on water systems and the environment.
“Middlesex Water Company is proud to be a WaterSense partner and to be promoting efficiency in water consumption and the availability of WaterSense labeled products through our website,” said Dennis W. Doll, President and CEO. “As we celebrate Earth Day later this week, a day designed to inspire awareness and appreciation for our environment, becoming a WaterSense partner takes on added significance as we realize that actions taken today have an impact on our natural resources for generations to come. Together, we can help ensure the availability of clean, safe drinking water for these future generations,” added Doll.
The average home, retrofitted with water-efficient fixtures, can save 30,000 gallons per year. If one out of every 10 homes in the United States upgraded to water-efficient fixtures, more than 300 billion gallons per year could be saved at an annual cost of nearly $2 billion. WaterSense labeled products must meet EPA’s criteria for efficiency and performance. Independently tested and certified products may bear the WaterSense label, which makes it easy for consumers to identify and select a variety of quality, water-efficient products and services for their homes and lawns.
Middlesex Water Company, organized in 1897, is a water utility serving customers in central and southern New Jersey. The Company also serves customers in Delaware through its wholly-owned subsidiary, Tidewater Utilities, Inc. For information about the WaterSense program visit www.middlesexwater.com or call (732) 634-1500.
###
Contact:
Bernadette Sohler, Vice President – Corporate Affairs
Middlesex Water Company
(732) 638-7549
www.middlesexwater.com
Visit the water stocks directory at Investorideas.com and Water-stocks.com
http://www.investorideas.com/Water-Stocks/Stock_List.asp
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