Galenfeha Helping American Frackers Beat OPEC

FT. WORTH, Texas, March 31, 2015 /PRNewswire/ -- Galenfeha, Inc., (OTCBB: GLFH) announced today the launch of a revolutionary new intelligent chemical injection control system, the iWaV.  The iWaV is a state-of-the-art, supervisor control and data acquisition (SCADA) system, created specifically for the control of chemical injection pumps.  The computer-controlled, highly reliable iWaV system is designed to meet the needs of any size operation, from remote stand-alone sites, to the comprehensive optimization and management of production controls.

In order to operate more efficiently while easing environmental impact, Oil and Gas producers are actively seeking innovative solutions for reducing chemicals and increasing accuracy in production.  While previous chemical injection methods operate similarly to the drip gas fuel delivery techniques of the early automotive industry; Galenfeha's new iWaV system is comparable to today's state-of-the-art computer controlled fuel injection systems.

The iWaV's SCADA system allows two-way communications with pumps; and the unique, user friendly interface allows complete control of the entire system.  This new product line lessens the costs associated with monitoring and controlling locations through the duration of the pumping cycle, resulting in more efficient and cost effective well site management.

James Ketner, Galenfeha's President and Chief Executive Officer stated, "Although we have seen a reduction in exploration rig count over the last 6 months, production levels are remaining the same.  This tells us that U.S. efficiency is on the rise.  Shale producers have asked us to help them cut costs, and this latest addition to our product line helps meet these goals.  We are happy to be directly assisting producers reduce costs while increasing production efficiency levels."

Galenfeha is committed to providing new solutions to aid energy producers in reducing costs, increasing efficiency and reducing global pollution.

The chemical injection market share approaches $1 billion annually in the United States and North America alone.  Galenfeha markets, services, and sells the individual and complete systems via direct sales as well as established relationships with local and national distribution partners such as Fleaux Services of Louisiana, LLC.

About Galenfeha, Inc.

Galenfeha (OTCBB: GLFH) is a design, engineering, and manufacturing firm with a focus on stored energy and a conscious pursuit of low environmental impact product development.  Galenfeha also proudly designs, manufactures and markets a complete line of patent pending, microprocessor controlled, LiFePO4 chemistry battery systems, as well as a full line of proprietary chemical injection systems. 

For more information on Galenfeha's products and services, please visit www.galenfeha.com.

Contact Information

Brian Nallin
President/Stored Energy
Galenfeha, Inc.
[e-mail]
318-525-5155

Forward-Looking Statements: Except for historical information contained in this release, the matters discussed are forward-looking statements that involve risks and uncertainties. When used in this release, words such as "anticipate," "believes," "estimate," "expect," "should," "intend," "projects," "objective," and "appears," and similar expressions, as they relate to the Company or its management, identify forward-looking statements. Such forward-looking statements are based on the beliefs of the Company's management, as well as assumptions made by and information currently available to the Company's management. Among the factors that could cause actual results to differ materially are the following: the effect of business and economic conditions; the impact of competitive products and pricing; capacity and supply constraints or difficulties; product development, commercialization, or technological difficulties; the regulatory and trade environment; the impact of reimbursement rates and coverage; and the risk factors reported from time to time in the Company's SEC reports. The Company undertakes no obligation to revise any forward-looking statements as a result of future events or developments.

 

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/galenfeha-helping-american-frackers-beat-opec-300058381.html

SOURCE Galenfeha, Inc.

Copyright 2015 PR Newswire