Titan Holdings Inc., Enters Major Deal to Partner on Fracking Water Processing at Bakken Oil Fields

FOR IMMEDIATE RELEASE

Press Release Submitted by scaladaholdings.net

Titan Holdings Inc. will partner with a major natural gas producer to
process hydraulic fracturing waste water resulting from production at
the Bakken oil fields. Remediation will be a major boon to natural gas
production.

Singapore – December 27, 2012 — Titan Holdings Inc., a Nevada-based
environmental company which is a wholly-owned subsidiary of Scalada
Holdings Ltd. ( http://www.scaladaholdings.net ), announced today that
it has a mega contract pending with a major natural gas producer to
process hydraulic fracturing wastewater resulting from production at
the Bakken Oil Fields. Also involved in the deal is joint venture
partner Cherokee Holdings, LLC, an engineering firm.

The Bakken Formation is rock unit occupying approximately 200,000
square miles (520,000 sq. km) of the subsurface of the Williston
Basin, underlying parts of Montana, North Dakota, and Saskatchewan.
Besides being a widespread prolific source rock for oil when thermally
mature, there are also significant producible reserves of oil within
the Bakken formation itself. The most recent estimates place the total
reserves, recoverable and non-recoverable with today’s technology,
at about 18 million barrels. (Free-Pr-Online.com)

New rock fracturing technology available since 2008 has yielded a boom
in Bakken production. By 2010 Q4, oil production had reached 458,000
barrels (72,800 m3) per day, outstripping the capacity to ship oil out
of the Bakken or to deal with the wastewater produced by fracking.

The purpose of the proposed contract is to recycle the frack water
flowback. Currently, each new well uses from 3,000,000 to 10,000,000
gallons of fresh water. However, a shortage of available water in the
formation severely hampers efforts to complete all the drilling
required. In addition to providing technological and logistical
expertise, Titan’s installation of Scalada’s unique and patented
onsite Elemental Ionization System for frack water remediation will
allow the recycling of water and assure completion and maximum use of
wells.

To learn more about Scalada Holdings Ltd. and its business of bringing
green solutions to the global marketplace that produce sustainable
outcomes, visit http://www.scaladaholdings.net.

For more information, Contact Jeremy Merritt, Vice President
Scalada Holdings Ltd
Contact Phone: +65 6809 2235
Contact Email: info@scaladaholdings.net
Website: http://www.scaladaholdings.net

Press & Media Contact:
Jeremy Merritt
Scalada Holdings Ltd
77 Robinson Road
Singapore 068896
+65 6809 2235
info@scaladaholdings.net
http://www.scaladaholdings.net

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One Response to “Titan Holdings Inc., Enters Major Deal to Partner on Fracking Water Processing at Bakken Oil Fields”

  1. FreePrOnline says:

    http://t.co/HHcAnZwd Titan Holdings Inc., Enters Major Deal to Partner on Fracking Water Processing at Bakken Oil Fields

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