Company News
May 2011
212 Resources named to the
Artemis Project Top 50 - Most Innovative Water Technologies
November 2010
212 Awarded Patent numbers US 7,837,768 B2 and US 7,842,121 B2 with a combined 68 individual claims.
July - October 2010
212 conducts extensive validation testing at its Colorado Facility. The results of this testing were validated by Independent, 3rd party environmental engineering groups.
May 2010
Stephen E. "Steve" Hester joins 212 Resources as Chief Executive Officer.
Steve joins us from Baker Hughes, Inc.. He has held a wide and exciting range of senior and executive roles in sales, technology and corporate leadership positions during his thirty year professional career in a variety of companies associated with Baker Hughes. His engineering, financial and business development background is well-suited to our future. His most recent leadership tenure involved water related issues in drilling associated with shale plays and a broad technical portfolio of related solutions. He is excited by our potential in the evolving water and hydrocarbon management markets.
May 2008
MountainWest Capital Network "Deal Flow Award" presented to 212 Resources
The MountainWest Capital Network is Utah's first and largest business networking organization devoted to supporting entrepreneurial success. The Deal Flow Report recognizes companies that raised capital and participated in other significant business transactions.
The winners of the Most Notable Deals of 2007 were recognized at the annual luncheon held on March 27, 2008. 212 Resources, provider of Gas/Oil Field Services was recognized by MWCN for the strategic partnership closed with G.E. Energy Financial Services in September, 2007.
September 2008
212 Resources Receives First Ever Wyoming Permit Granted for Processed Water to use in Surface Drilling.
Ultra Petroleum and 212 Resources have successfully pursued a "variance" to the established regulation requiring "fresh" (well or river) water for surface hole drilling. 212 Resources is the first to ever be granted this "variance". This response by the Wyoming Oil and Gas Conservation Commission (WOGCC) represents a strong statement on the quality of 212's process results. A private environmental engineering company, provided an independent collection of data and evaluation for submission to the Agency.
September 2008
GE Energy Financing Services has approved lending for new contracts. This funding further establishes the foundation upon which 212 is building strong growth based on performance in the Wyoming Anticline area. 212 will start with two Pods in the Vega Field near Grand Junction, CO for Delta Petroleum.
September 2007
GE Capital signs a major deal with 212 Resources and frees up millions in operating capital for use in water recovery services
Newly named as 212 Resources, we are most excited to announce that our company is backed by a significant credit instrument financed by GE Energy Capital. This funding arrangement assures 212 Resources has the resources for rapid, sustainable and substantial growth and recognizes its market-leading technology platform in resource recovery.
July 2007
In anticipation of a major financing initiative, Zions Bank of Salt Lake City, Utah provided H2Oil with bridge financing to facilitate plant construction and company development.
May 2007
212 Resources is retained by Ultra Resources to manage its flowback and produced water for their Pinedale, Wyoming operations. 212 will build a transportable plant (which we call "Pods") to process flowback and produced water at the well sites to create clean water for beneficial use. The system will separate and recover natural gas condensate, methanol, and brine and make distilled water. The water phase will be reused in drilling to support Ultra in maintaining their position as the lowest cost gas producer.
May 2007
212 Resources formed as a dba of H2Oil
April 2007
Record deliveries, 255 truckloads of tank bottoms for the month and over 12,000 barrels, came to H2Oil's Texas plant. The plant now receives materials from close to 190 oil producers and 55 trucking companies.
September 2006
H2Oil completed a funding round and was heralded by PriceWaterhouse Cooper's "MoneyTree" as the first "non-high tech" company to receive funding from a Silicon Valley venture capital firm. H2Oil is pleased to announce that @Ventures (part of cmgi) combined with other investors has placed $5 million for plant and new business development. This funding recognizes the potential of H2Oil as it expands its Texas plant and focuses on new locations for managing water in the natural gas production sector.
July 2006
An industry breakthrough: H2Oil had its recovered oil accepted for direct delivery from its Andrews plant to AlonUSA Refinery in Big Spring, TX. Our plant has consistently met the highest product quality standards, eliminating the need to go to middlemen blenders to sell oil. The Andrews plant now receives tank bottoms from about 35 trucking companies and 80 operators in the area.
January 2006
H2Oil completed the Andrews Plant and began receiving tanker truck loads of crude oil tank bottoms. The site includes over twenty tanks plus the sophisticated five levels of liquid/solid separation. Some twenty new jobs were created.
August 2005
H2Oil created through an investment of $2.5 million from a group of private investors. Funds will be used for working capital and construction of H2Oil's Andrews, TX facility (30 miles north of Midland/Odessa). This facility will focus on crude oil recovery from production field tank bottoms and off-spec oil. All Intellectual Property rights were acquired by H2Oil.
