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New Firms are Advancing Innovations for Shale Energy Development

The Ben Franklin Shale Gas Innovation & Commercialization Center has announced the four winners for this year’s Shale Gas Innovation competition. For the fourth straight year, the Pennsylvania-based contest seeks out the most promising new ideas to deliver seed money for further development. Four companies walked away with checks for $25,000 yesterday, after being selected as winners of the Contest.

This year’s oilservice/technology winners are:

The winners this year are oilservice/technology developers:

  • Appalachian Drilling Services, Inc. – Provides spill-proof, skid-mounted and rig-friendly waste storage units specifically built to withstand life on drilling rigs.
  • EthosGen – Offers systems that convert waste heat to electricity through an unique piston-based Organic-Rankine Cycle (ORC) scalable power solution available from 12-250kw.
  • Fairmont Brine Processing – Developed evaporation and crystallization process that fully treats wastewater and extracts reusable byproducts.
  • PixController, Inc. – Offers a low-cost methane gas detection system that integrates a digital methane sensor with temperature and barometric pressure data.

To see a list of all 14 of this year’s finalists, click here. To see past winners of the competition, click here.

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Important disclosures: The information provided herein is believed to be reliable; however, EnerCom, Inc. makes no representation or warranty as to its completeness or accuracy. EnerCom’s conclusions are based upon information gathered from sources deemed to be reliable. This note is not intended as an offer or solicitation for the purchase or sale of any security or financial instrument of any company mentioned in this note. This note was prepared for general circulation and does not provide investment recommendations specific to individual investors. All readers of the note must make their own investment decisions based upon their specific investment objectives and financial situation utilizing their own financial advisors as they deem necessary. Investors should consider a company’s entire financial and operational structure in making any investment decisions. Past performance of any company discussed in this note should not be taken as an indication or guarantee of future results. EnerCom is a multi-disciplined management consulting services firm that regularly intends to seek business, or currently may be undertaking business, with companies covered on Oil & Gas 360®, and thereby seeks to receive compensation from these companies for its services. In addition, EnerCom, or its principals or employees, may have an economic interest in any of these companies. As a result, readers of EnerCom’s Oil & Gas 360® should be aware that the firm may have a conflict of interest that could affect the objectivity of this note. EnerCom, or its principals or employees, may have an economic interest in any of the companies covered in this report or on Oil & Gas 360®. As a result, readers of EnerCom’s reports or Oil & Gas 360® should be aware that the firm may have a conflict of interest that could affect the objectivity of this report.