April 25, 2018 - 1:58 PM EDT
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Bakken (BWTX) Subsidiary Dakota Energy Completes Large Sale of Water Source

MINOT, N.D., April 25, 2018 (GLOBE NEWSWIRE) -- Bakken Water Transfer Services Inc. (OTC Pink:BWTX), is pleased to announce that its wholly owned subsidiary, Dakota Energy Resources Corporation, has sold one of its many surface water contracts in its entirety to a large oilfield water resources contractor in the Bakken Shale Region of North Dakota. “This is a great start to the season for our company,” stated Michael Childs, President of Dakota Energy Resources Corporation. “We are seeing a significant amount of activity in the oilfield services business and we have plenty of permitted sources to supply water to oil producers in North Dakota this year.  This transaction allowed us to take some profit on the resale of one of our sources, which is another way to monetize them besides the actual sale of water.”

Bakken is also pleased to announce that it has received a signed agreement to supply up to 2.3 million barrels of surface water with a repeat client beginning in May 2018.

About Bakken Water Transfer Services Inc.

Bakken Water Transfer Services, Inc., through its wholly-owned subsidiary Dakota Energy Resources Corporation, is an oilfield service company with operations focused currently in the Bakken Shale Region of North Dakota. The company provides, sells, locates and transports surface water to shale oil producers at affordable prices. Through its other wholly-owned subsidiary, Nationwide Property Partners, Inc., Bakken purchases and rents residential real estate. Bakken Water Transfer Services Inc. common stock trades on the OTC Pink marketplace under the ticker symbol BWTX.

Safe Harbor Notice

Certain statements contained herein are "forward-looking statements" (as defined in the Private Securities Litigation Reform Act of 1995). Bakken Water Transfer Services, Inc. cautions that statements made in this news release constitute forward-looking statements and makes no guarantee of future performance. Forward-looking statements are based on estimates and opinions of management at the time statements are made. These statements may address issues that involve significant risks, uncertainties, estimates and assumptions made by management. Actual results could differ materially from current projections or implied results. Bakken Water Transfer Services, Inc. undertakes no obligation to revise these statements following the date of this news release.

Contact: Jack Galvin
Phone: 702-904-0475
Email: [email protected]

Source: Bakken Water Transfer Services, Inc.


Source: GlobeNewswire (April 25, 2018 - 1:58 PM EDT)

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