Eureka Resources, LLC, a Williamsport, Pennsylvania-based provider of wastewater treatment solutions to the natural gas exploration and hydrofracturing industry, has received a strategic investment of undisclosed amount from Haddington Energy Partners IV LP, a private equity fund managed by Haddington Ventures, LLC.
The company plans to use the capital to further develop and expand its business, including assuming full ownership and operation of three vapor distillation (NOMAD) units that were previously under lease from Aqua-Pure Ventures, Inc. (AQE-TSXV).
Eureka will also have certain areas of northeastern Pennsylvania as its exclusive territory for deployment of Aqua-Pure’s NOMAD technology.
Led by President Dan Ertel, the company provides cost-effective wastewater treatment and disposal solutions that are designed to reduce the environmental impact of natural gas drilling in the Marcellus Shale.
FinSMEs
18/04/2011