Montana Mining Corp. has announced that it has signed a letter of intent to acquire Produced Water Solutions, Inc., based in Calgary. PWS has designed, built and tested water purification units for the oil and gas industry. PWS’s produced water processing unit converts field-produced water into potable water onsite.
“We are excited about the possibilities associated with our intended acquisition,” said Ruairidh Campbell, chief executive officer of Montana. “The purification of water produced from oil and gas wells onsite is a source of untapped cost savings that will add back to the net revenue produced by energy sector business in a time of sliding volatility in prices.”