WINSTON-SALEM, N.C., Sept. 30, 2010 (GLOBE NEWSWIRE) -- Plateau Mineral Development, Inc. (Pink Sheets:PMDP) issued a statement yesterday regarding an article published on September 24, 2010 by Dr. Kent Moors entitled, "At Last, the EPA Weighs in on Fracking." (Source: ) Today, Plateau would like to address the benefits of using its own Solvent as opposed to chemical-laden water for fracking.
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.
Fracking is typically done by moving millions of gallons of chemical-laced water 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. (Source: )
According to the industry, fracturing has been used in roughly 90 percent of wells in operation today and 60 to 80 percent of new wells will require fracturing to remain viable. The industry contends the process is safe. But hydraulic fracturing operations have been linked to environmental risks that could have significant financial implications for the companies involved and are leading to increased regulatory scrutiny. Congress has directed the EPA to study the potential impact of fracking on drinking water, human health and the environment after complaints by residents were seen on the television program, "60 Minutes." (Source: ) The fracturing operations involve the movement, storage, and disposal of millions of gallons of water and thousands to tens of thousands of gallons of toxic chemicals.
Then a documentary filmmaker, John Fox, took on the issue. His film, "Gasland," is now available on HBO. It chronicles the recent catastrophic BP oil spill and the environmental effects of the energy industry's efforts to extract natural resources. According to Fox, there are 450,000 of these gas wells across the country, with a proposal for 100,000 more in New York and 100,000 in Pennsylvania.
Plateau Mineral Development's Tire Converter System produces an end product called Dilution Solvent that is great for use as a fracking fluid. The benefit of using the solvent is that it can be used instead of water laced with chemicals, thereby saving the earth's water supply, and not generating polluted water. A main concern of environmentalists is the gallons upon gallons of wasted or polluted water that is used to frack. This water must later be disposed of, or filtered and cleaned up, which is an expensive and complicated undertaking. Plateau's solvent will eliminate the need for water use altogether. Upon completion of the fracking process, the fluids will flow back into the system, where the solvent is captured and stored along with the oil and can be sold at market, eliminating the need for disposal.
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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