WINSTON-SALEM, N.C., Sept. 29, 2010 (GLOBE NEWSWIRE) -- Plateau Mineral Development, Inc. (Pink Sheets:PMDP) issued a statement today regarding an article published on September 24, 2010 by Dr. Kent Moors entitled, "At Last, the EPA Weighs in on Fracking." (Source: )
Fracking is a process that results in the creation of fractures in rocks; the goal of which is to increase the output of a well. The most important industrial use is in stimulating oil and natural gas wells. Gas is held inside the shale, so the rock needs to be opened up before the gas can flow. That can be done by "moving millions of gallons of chemical-laced water" infused with fracking fluid under high pressure, which breaks, or "fractures" the rock, thereby stimulating the release of the oil or gas. Some of the chemicals used in fracking fluids are of primary concern, hence the EPA's interest in the subject.
Dr. Moors states in his article that the EPA has decided to conduct an official study of the process, which includes requesting that major service companies voluntarily provide details about the chemicals they use. He goes on to say that this move is important to investors because clearing up environmental concerns will open up shale gas drilling. (Source: )
Dr. Moors points out that concerns over chemicals have kept drilling down, and until environmental concerns are addressed, opposition to drilling will remain. (Source: )
Robert Matthews, President of Plateau Mineral Development, states, "Plateau's Dilution Solvent (DS), the catalyzing end product of Plateau's tire converter system, is a great fracking fluid. Since it is made using our tire converter system, we currently have a virtual monopoly on it.
"Once the Dilution Solvent is used to 'thin' the oil, the oil can be pumped and sold, generating new incremental revenues for the pumping company."
About Plateau Mineral Development, Inc.: Plateau Mineral Development has been in existence for over five years.
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CONTACT: Plateau Mineral Development Investor Relations 410-242-0763