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Galenfeha acquires all assets and operations of Frontier Oilfield Services

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Staff Writer | December 27, 2018
Galenfeha
Acquisition   Galenfeha’s Fleaux Solutions Division uses patented technology

Galenfeha shared that it signed a definitive agreement to acquire all assets and operations of Frontier Oilfield Services.

In consideration for the release of all of the liabilities against the assets and operations of Frontier, Galenfeha will issue one share of Preferred Stock for each share of Common stock of Frontier, which is approximately 15 million shares.

Frontier Oilfield Services is an SEC fully reporting company, listed on the OTCQB.

Galenfeha’s Fleaux Solutions Division uses patented technology to reduce State and Local Government cost in the repair and rehabilitation of wastewater routing.

The technology primarily uses a polymer that is inserted into pipelines, expanded, and then cured with Ultraviolet Light. This method allows for repairs to be made without complete removal and replacement of water lines.

Frontier Oilfield Services, Inc. is engaged in the disposal of saltwater and other oilfield fluids. The company owns and operates eight disposal wells located in Barnett Shale region and East Texas. Its oilfield services include hydraulic fracturing fluid recovery and disposal, and saltwater disposal well schematic. The company was founded on March 24, 1995 and is headquartered in Shreveport, LA.


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