Austin’s Omni Water Solutions wraps up $5 million funding for expansion

Jan 8, 2015
Austin American Statesman

An Austin company that sells water treatment technology for use in fracking operations is wrapping up a new $5 million round of funding

Omni Water Solutions will use the funding to expand its product line and establish new partnerships

The company’s technology lets oil companies recycle millions of gallons of water used in hydraulic fracturing, or fracking. The company also sells a system that kill bacteria in water that’s used in fracking operations

Omni has closed on $4.7 million and expects to complete the deal by the end of the month, CEO Warren Sumner said

Backers included undisclosed strategic and oil investors, Austin Ventures and individual investors connected to land, oil and gas businesses in the Eagle Ford Shale region of Texas. The new money will bring the total raised by Omni to about $23 million

The company was founded in 2010 by Wayne Wolfe, a 25-year veteran of the water treatment industry and former CEO of Ozone Technology, an Austin-based water purification system

Fracking is the high-pressure injecting of water, sand and chemicals deep underground to release oil and gas. The practice has become increasingly used to recover oil and gas from rock formations that were previously difficult to reach

A single fracking process uses an average of 4 million gallons of water per well. The water is trucked in, becomes contaminated in the fracking process and is then trucked back out for disposal

Omni’s system, can range in size from a single 30 foot trailer to multiple 53 foot trailers, uses built-in intelligence that automatically adjusts to changing conditions. It removes contaminants from the water, allowing it to be reused many times

The company, which has 35 employees, has installed the technology in several projects with large exploration production companies, Sumner said

Sumner said that the fall in oil prices has slowed drilling activity in Texas, but he expects an uptick once prices stabilize

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