STW Resources Holding Corp. is creating a new subsidiary to engage in the reclamation of oil based drilling cuttings and the oil sludge from cleaning out oil storage tanks, initially in the West Texas Permian and Delaware Basins with roll out plans in the Eagle Ford Basin in south Texas and Eastern New Mexico.

STW said it has entered into an agreement with Blue Arch Resources, an environmental company in Houston, Texas. Blue Arch owns the intellectual property which is a technology and proprietary chemical utilized in remediating oil based cuttings, mud and oily tank bottom sludge.

Tags: STW Resources Holding Corp.