Business
Petrotech Oil and Gas Inc. Enters Into Agreement for Distribution of Biodegradable Products in Texas
Petrotech Oil and Gas Inc. Enters Into Agreement for Distribution of Biodegradable Products in Texas.
About this update from Petrotech Oil & Gas Inc
[{"type":"text","content":"\n\n\n\nPetrotech Oil and Gas Inc. Enters Into Agreement for Distribution of Biodegradable Products in Texas\n\n\n\n\n\nPetrotech Oil and Gas Inc. Enters Into Agreement for Distribution of Biodegradable Products in Texas\nPR Newswire\nBEDFORD, Texas, December 20, 2013\n\n\n\nBEDFORD, Texas, December 20, 2013 /PRNewswire/ --\n\nPetroTech Oil and Gas Inc. (OTC: PTOG) (the \"Company\" or Petrotech\") today announced that they are entering into an agreement with DSS Oil Services Inc. to distribute their new biodegradable products in Texas. Petrotech will be setting up a subsidiary company and structure to accommodate the addition of their added business.\n\n\"DSS has given us the opportunity to not only utilize their new innovations in biodegradable products with our own work, but hey have given us the opportunity to become distributors as well, and an opportunity to participate in the growth of their company,\" said Eddie Schilb president of Petrotech Oil and Gas. \"This gives us the ability to be ahead of any other company by being able to provide environmentally safe biodegradable products with our own use and another means of increasing other areas of revenue. We will providing more information on this new development as we progress,\" he added.\n\nAbout DSS Oil Services:\n\nDolezal-Southward Oil Services USA, LLC has been started by Cameron Dolezal and Dean Southward, the 2 senior principals of the Company. Cameron and Dean have petroleum engineering backgrounds and have successfully implemented and run more than $30 billion of projects for Marathon Oil and Devon Energy together with the successful completion of more than 700 wells.\n\nThe Company was formed as a Services company for hydraulic fracturing to be run by experienced field engineers and to market and develop green non-toxic and superior performing chemicals for drilling and completions to the oil and gas industry.\n\nDS Oil Services has been working with AI Sealing, an existing chemical company within this area in the development of these non-toxic chemicals for the oil and gas industry. AI Sealing had approximately$28 million in sales in 2012 and increasing sales this year with existing oil customers, including Baker Hughes and C&J Well Services.\n\nDS Oil Services and AI Sealing agreed to form a new company together, DS Oil Supply with each company owning 50% ...