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Oil Industry Confronts U.S. Drought

From: Riggs Eckelberry
Los Angeles, August 1, 2012

Good morning!

I’m writing this on the plane back from Salt Lake, listening to Al DiMeola’s Elegant Gypsy Suite, brilliant fusion jazz from 1977.

Patent Progress

Spent the day in strategic meetings with our patent firm, the dynamic Kirton & McConkie. K&M is a smaller, well-established and fast-growing firm. They are quick on the uptake and they give us lots of special attention.

Went there with Alex Leshnick, our able Director of Operations. A patent agent in his own right, Alex manages the K&M relationship.

I came away very happy with our progress and direction.

Denver Conference Report

Bill Charneski attended a vital industry conference in Denver last week, “Water Management For Shale Plays”.

He reports:

It was obvious from the many discussions at the conference that most service companies and producers are still trying to figure out what to do with frack water and other kinds of produced water.

Trucking the water offsite and dumping it in a disposal well is becoming less and less attractive.

In his keynote, Anadarko Petroleum’s Jim Raney called water treatment for reuse essential.

He defined the ideal treatment system:

-      compact footprint,

-      high continuous throughput,

-      minimal energy use,

-      able to remove oil, grease and organic contaminants.

That happens to be a perfect description of OriginOil’s Solids Out of Solution™ system!

Farmers Against Oilmen

CNNMoney reports that  with over 60% of the nation in some form of drought, fracking producers are struggling to find enough water.

For instance,

…officials in two Pennsylvania counties have stopped issuing permits for oil companies to draw water from rivers, forcing them to go further afield to obtain the crucial resource.

The drought will ease eventually. But water problems, trucking costs, and environmental pressures are driving this major trend toward re-use of water at the well.

Perfect timing for us.

Have a great week!

Riggs and team

Riggs Eckelberry
President & CEO
OriginOil, Inc. (OOIL)

U.S. Department of Energy Orders Two OriginOil Systems for Algae and Oil & Gas Applications

Safe Harbor Statement:

Matters discussed in this update contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. When used in this update, the words "anticipate," "believe," "estimate," "may," "intend," "expect" and similar expressions identify such forward-looking statements. Actual results, performance or achievements could differ materially from those contemplated, expressed or implied by the forward-looking statements contained herein, and while expected, there is no guarantee that we will attain the aforementioned anticipated developmental milestones. These forward-looking statements are based largely on the expectations of the Company and are subject to a number of risks and uncertainties. These include, but are not limited to, risks and uncertainties associated with: the impact of economic, competitive and other factors affecting the Company and its operations, markets, product, and distributor performance, the impact on the national and local economies resulting from terrorist actions, and U.S. actions subsequently; and other factors detailed in reports filed by the Company.

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