Published: March 19, 2010
Integrated Environmental Technologies, Ltd. and Benchmark Performance Group, Inc. Announce Successful, Large-Volume Use of Excelyte in a Gas Well Fracture Project in the Marcellus Shale
LITTLE RIVER, S.C. - (BUSINESS WIRE) - Integrated Environmental Technologies, Ltd. (OTC:BB "IEVM" ) and
Benchmark Performance Group, Inc. jointly announced today that the
EPA-registered product, Excelyte, has again been successfully used in a
gas well fracturing treatment, this time in Pennsylvania's Marcellus
Shale. Benchmark has also been informed that additional fracturing
treatments utilizing Excelyte are planned for later this month in other
areas of the U.S. To date, approximately one-half million gallons of
Excelyte have been manufactured for use in oil and gas applications.
The Marcellus Shale treatment, begun in mid-February and continued
through mid-March, required 175,000 gallons of Excelyte to be available
to cover the multi-stage treatment required to hydraulic fracture
stimulate the well. Water quality fluctuated during the course of the
job, requiring Excelyte to be used at loadings ranging from 8 to 25
gallons of Excelyte per 1,000 gallons of frac water used at the
location. Total Excelyte comprised only as little as about two percent
of the total fluid pumped into the well. The Excelyte used in this
treatment was manufactured by Benchmark at its Midland, Texas facility.
Benchmark's trucking company, Benchmark Distribution Services (BDS),
provided the transportation logistics and personnel to support the
month-long job.
The primary use of Excelyte is to eliminate bacteria in water employed
in oil and gas wells. Bacteria are often responsible for pipe corrosion
problems and for the creation of hazardous hydrogen sulfide gas (H2S).
By eliminating these problem-bacteria from water used to treat wells,
operators are mitigating potential damage to their wells and minimizing
the potential for generating H2S.
Bill Prince, Chairman of Integrated Environmental Technologies, Ltd.'s
Board of Directors stated, "We are impressed. Benchmark continues to
demonstrate the potential for Excelyte in oil and gas well applications
at a time when more and more pressure is coming to bear on that industry
to provide safer, more environmentally-responsible ways to frac wells."
Wayne Kinsey, President and CEO of Benchmark, and Vice-Chairman of
Integrated Environmental Technologies Ltd.'s Board of Directors, said,
"It was as if Excelyte had been made for the Marcellus. Water quality
varied, and Excelyte is unique in its capacity to provide a quick way
to know how much biocide is required to address a given water quality
situation. We've been working on just this kind of field application of
Excelyte for over two years, and I am certainly pleased about the news
of its performance."
Excelyte is a totally "GREEN" , environmentally-responsible,
EPA-registered biocide, and has been proven to be the most effective
alternative biocide to the toxic chemicals historically used in oil and
gas fracturing jobs, as well as for use in a variety of other produced
waters and well treatment applications.
Benchmark also recently placed a purchase order for additional EcaFlo
machines for its other locations to handle the anticipated Excelyte
business in the Marcellus.
About Integrated Environmental Technologies, Ltd./I.E.T., Inc.: I.E.T.,
Inc. is a wholly-owned operating subsidiary of Integrated Environmental
Technologies, Ltd. (OTC:BB "IEVM" ) I.E.T.'s EcaFlo equipment produces
environmentally-responsible EcaFlo Anolyte, branded by Benchmark for
oil and gas field applications as "Excelyte," which in this application
is used to manage bacteria in stimulation and "frac" fluids in
production wells and to improve production in wells impacted by
down-hole growth of bacteria and restrictive biomass. EcaFlo Anolyte
also can remove scale and biofilm buildup from piping and systems,
improving performance and enhancing well production. Electrochemical
activation (ECA) is innovatively deployed by I.E.T.'s EcaFlo equipment,
using water and a minute amount of sodium chloride, and reliably
producing EcaFlo Anolyte (non-hazardous hypochlorous acid) at a minimum
of 500 ppm Free Available Chlorine (FAC) and at neutral pH. To learn
more about Integrated Environmental Technologies, Ltd. and I.E.T., Inc.,
please visit our websites at www.ietltd.net
(Investor Relations) and www.ietecaflo.com
(Product).
About Benchmark: Benchmark is a well-respected and leading
manufacturer and supplier of, among other things, specialty chemicals,
compounds and additives developed for industrial and oilfield
applications, including, but not limited to, proprietary cross-linkers,
polymers, polymer slurries and other fluid additives used in oil and gas
well cementing, stimulation and production fluids. Please visit www.benchmark-research.com
(Company) and www.excelyte.com
(Product).
Forward-Looking Statements: The statements in this press release
regarding future opportunities and any other effect, result or aspect of
EcaFlo equipment and any other statements, which are not historical
facts, are forward-looking statements. Such statements involve risks and
uncertainties, including but not limited to, costs and difficulties
related to the sale of EcaFlo equipment, the state of the Company's
current operations, results of tests, applicability of the Company's
technology, costs, delays, and any other difficulties related to the
Company's business plan, the company's sources of liquidity, risks and
effects of legal and administrative proceedings and governmental
regulation, future financial and operational results, competition,
general economic conditions, marketability of the Company's EcaFlo
equipment, effects of EcaFlo Anolyte, (Benchmark's "Excelyte" ) and the
ability to manage and continue growth. Should one or more of these risks
or uncertainties materialize, or should underlying assumptions prove
incorrect, actual outcomes may vary materially from those indicated. We
undertake no obligation to revise or update such statements to reflect
current events or circumstances after the date hereof or to reflect the
occurrence of unanticipated events.
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Integrated Environmental Technologies, Ltd., I.E.T., Inc.
Bill
Prince, Chairman, President and CEO, 843-390-2500 Office,
843-390-3900
Fax, president@ietltd.net
or
E.
Wayne Kinsey III, Vice Chairman, Integrated Environmental Technologies,
Ltd.
Benchmark Performance Group, Inc., President and CEO, 713-986-2500
Office, 713-986-2526 Fax, wkinsey@benchmark-research.com
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