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Fountain Quail Secures $40MM in Capital to Expand Operations
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Fountain Quail Water Management, LLC announced that it has secured a private equity commitment of up to $40 million to expand its North American operations.
Established in 1996, Fountain Quail specializes in treating and recycling produced and flowback water generated in oil and gas plays. Fountain Quail’s two proprietary systems, ROVER™ and NOMAD™, cut oil and gas producers’ water-specific operating costs by effectively eliminating the need to transport and dispose of wastewater and source and transport freshwater. Cost savingsvary depending on location and range from at least 30 percent to 80 percent. Use of the ROVER™ and NOMAD™ systems also reduces greenhouse gas emissions by removing truck traffic from congested roadways.
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