AES’ frac water transfer business adds new service expanding its revenues.
Houston, Texas, August 19, 2013 —HII Technologies, Inc. (the “Company”), symbol HIIT (OTCBB/OTCQB), an oilfield services company headquartered in Houston, Texas, with operations in Texas, Oklahoma, Ohio and West Virginia, today announced that its AES Water Solutions (“AES”) division now offers flow back water processing services as a new complementary offering to its established frac water transfer business. AES expanded its onsite range of oilfield water management services to include processing of the flow back water, sand and chemicals that flow back after the fracing of oil and gas wells. AES has developed its core business around sourcing, managing, and delivering water to frac sites in order for oil and gas operators to perform hydraulic fracturing and well completions. This additional service is a natural progression for the AES brand in the overall management of water service at the well site.
AES has currently invested over $250 thousand towards the production of a fleet of flow back systems with plans to expand rapidly. Strategically, the expanding water management services has created a demand for this service which could add additional revenues estimated at $100 to $150 thousand a month, per flow back system.
Brent Mulliniks, President of AES, stated, “AES Water Solutions has increased its revenues over five hundred percent within the last year with its existing frac water transfer business, which uses above-ground temporary piping, pumps and infrastructure to transfer water from a source to a frac site. AES is now expanding into flow back services, where the volumes can exceed one million gallons, or 20-30% of the original fracing solution which returns during the first two or three weeks after the frac is performed.” Mr. Mulliniks continued, “Our flow back systems are designed to separate the returning fluids and solids efficiently and route the fluids to the appropriate tanks, pits or holding ponds. This is a natural progression for the AES brand in the overall management of water service to the well site.”
AES continues to work with oil and gas operators to offer new oilfield water focused technologies that can complement its current service offerings.
About HII Technologies, Inc.
HII Technologies, Inc. is a Houston, Texas based oilfield services company with operations in Texas, Oklahoma, Ohio and West Virginia. The Company is positioned to take advantage of the significant anticipated growth in horizontal drilling and hydraulic fracturing within the United States’ active shale and unconventional “tight oil” plays by deploying oilfield related technologies to enhance the value of services it offers its customers. The Company’s frac water supply services subsidiary does business as AES Water Solutions, its onsite oilfield contract safety consultancy does business as AES Safety Services, and its mobile oilfield power subsidiary does business as South Texas Power (STP). HII Technologies’ objective is to bring proven technologies to these operating divisions to build a long-term competitive advantage. Read more at www.HIITinc.com, www.AESwatersolutions.com and www.Oilfield-Generators.com.
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Source: HII Technologies, Inc.
CONTACT: Matthew Flemming, HII Technologies, Inc. +1-713-821-3157.