CETI - CYBER ENVIRO-TECH INC. ANNOUNCES THE DEPLOYMENT OF ITS TECHNOLOGIES TO ADDRESS SIGNIFICANT WATER CONTAMINATION ISSUE IN WEST TEXAS WHILE INCREASING OIL PRODUCTION
(NewsDirect)
McapMediaWire --Beginning in March 2023, Cyber Enviro-Tech, Inc. (OTC: CETI )("CETI") is set to deploy its combined oil extraction andwater filtration technologies on its pilot oil field in west Texas.After achieving desired outcomes, CETI will partner with other3 rd party oil field operators on a revenue sharing basis.This creates a recurring income stream for the Company which continuesto increase as it expands into other oil fields.
CETI’s initial targetmarket is “stripper wells” which are oil wells that produce 15barrels of oil a day or less. Stripper wells constitute over 76% ofoil & gas wells in the US. “We are confident that CETI’stechnological advancements will prove to be a major industry gamechanger by increasing the production and longevity of stripper wellswhile returning clean, non-toxic water back into the environment.Quantum leaps forward of this magnitude are far too important to beoverlooked by any oil field operator”, says Kim D. Southworth, CEOof CETI.
CETI isa water science technology company that uses numerous innovativetechnologies to increase the production of oil & gas while at thesame time, protecting the environment from contaminated oil productionwastewater. This serious environmental issue was highlighted in aSeptember 2022 article in the Texas Tribune which said “Oil andgas extraction in the Permian Basin of arid West Texas is expected toproduce some 588 million gallons of wastewater per day for the next 38years, according to findings of a state-commissioned study group —three times as much as the oil it produces.”
To address thisenvironmental threat, CETI has spent the last 2 years of R & D indeveloping, refining and testing its water filtration and oil &gas reservoir oil extraction technologies. Simultaneously, it has beenpreparing its pilot oil field for deployment. Rejuvenation of thereservoir starts with increasing permeability by destroying bacteriaand other contaminates that can completely block or reduce the flowoil & gas downhole. These combined applications will ultimatelydeliver increased productivity, decreased operating expenses, easierregulatory compliance, improved safety, and environmentalbenefits.
ABOUT CYBER ENVIRO-TECH, INC. CETI is an environmentallydriven aggregator of Water Science Technologies to make water usage& consumption safer, more efficient and less expensive. Ourinitial emphasis is on the oil and gas industry. The Company is ableto remediate a wide spectrum of water contamination issues generatedfrom the production of oil & gas. The Company also employsinnovative, proprietary equipment and processes for increased oilproduction. We do this by applying 4 th IndustrialRevolution technologies to greatly simplify the mechanics of oilextraction while radically reducing labor, water truck usage,optimizing oil recovery and the ability to monitor activity withinstant data and metrics.
FORWARD-LOOKING STATEMENTS
Any statementscontained in this press release that do not describe historical factsconstitute forward-looking statements. Forward-looking statements mayinclude, without limitation, financial projections, statementsregarding the plans and objectives of management for current andfuture operations, the development, regulatory approvals andcommercialization of the Company's products, or any of theCompany's proposed services, systems, services, licensingarrangements, joint ventures, partnerships or acquisitions. Suchforward-looking statements are not meant to predict or guaranteeactual results and performance and actual events or results may differconsiderably. Factors that may cause actual results to differmaterially from any projections may include, without limitation,delays in the Company's development of its products and services,the inability to obtain additional financing, the impact ofsignificant new or changing government regulation on the industry,existing or increased competition, results of arbitration andlitigation, stock volatility and illiquidity, and the Company'sgeneral failure to effectively implement the Company's businessplans or strategies. The Company assumes no obligation to update anyforward-looking statements to reflect any change in events orcircumstances that may arise after the date of this release.
CONTACT:
Winston McKellar,
Dir of IR/PR
Cyber Enviro-Tech,Inc.
6991 E.Camelback Rd., Suite D-300
Scottsdale, AZ 85231
866.896.6856
Email: info@cyberenviro.tech
ContactDetails
Cyber Enviro-Tech, Inc.
Copyright (c) 2023 TheNewswire - All rights reserved.