BWTS Announces June Revenues And Company Updates
Minot, ND , July 29, 2016 (GLOBE NEWSWIRE) -- Bakken Water Transfer Services Inc. (OTC Pink: BWTX) is pleased to announced that it has billed $156,225.00 for water sales in the month of June 2016. The BWTS client has pumped 770,000 bbls of surface water since June 10th from its Mountrail County permitted source. The company also announces today that it has extended its contract with the land owner on this source through June 15th 2019, and re-negotiated the agreement with more favorable terms for BWTS. An application for a new state permit was applied for and has been approved for 2.3 million bbls.
Bakken Water Transfer Services has also signed on two new water sources since June 1st, 2016 for a total of 14 Available water sources in the ND area. The company currently has 21 million bbls of surface water permitted and available for sale.
The company is currently seeking to acquire, manage and develop other water sources in the region in an effort to provide affordable pricing, lowering costs for shale producers affected by the lower price of crude oil.
About Bakken Water Transfer Services Inc.
BWTS is an oilfield service company with operations focused currently in the Bakken Shale Region of North Dakota. The company provides, sells, locates and transports surface water to shale oil producers at affordable prices. Bakken Water Transfer Services Inc. common stock trades on the OTC Pink marketplace under the ticker symbol "BWTX."
Safe Harbor Notice
Certain statements contained herein are "forward-looking statements" (as defined in the Private Securities Litigation Reform Act of 1995). Bakken Water Transfer Services, Inc. cautions that statements made in this news release constitute forward-looking statements and makes no guarantee of future performance. Forward-looking statements are based on estimates and opinions of management at the time statements are made. These statements may address issues that involve significant risks, uncertainties, estimates and assumptions made by management. Actual results could differ materially from current projections or implied results. Bakken Water Transfer Services, Inc. undertakes no obligation to revise these statements following the date of this news release.