"We at Geostock Sandia believe that we benefit chiefly by increasing cost-efficiency for our valued clients.” Donald Stehle, President & CEO
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Houston, TX (PRWEB) March 21, 2016
On July 31, 2015, Geostock North America, Inc. exercised its option to acquire 100% ownership of Sandia Technologies, LLC, making Geostock N. A. sole owner of all membership interests in both Sandia Technologies, LLC and Geostock US, LLC. Effective January 1st, 2016, Sandia Technologies, LLC and Geostock US, LLC were consolidated to form Geostock Sandia, LLC, headquartered in Houston, TX. Donald Stehle, former President and CEO of Sandia Technologies, has been appointed President and CEO of Geostock Sandia, LLC. This consolidation of people and resources creates North America’s pre-eminent supplier of underground hydrocarbon storage and subsurface injection services. The company anticipates the value added to existing services will be deeply beneficial to existing clients and will provide for significant expansion of services to a broader range of clients in the years ahead.
Established in 1996 in Houston, TX, Sandia Technologies had long been a privately-owned engineering and geological consulting firm specializing in subsurface fluid injection, including industrial waste, oil/gas field brine, and CO2 for enhanced oil and gas recovery and sequestration. Sandia Technologies has worked with Fortune 100 companies and government agencies providing permitting, reservoir simulation, well drilling and maintenance, and geologic and engineering services.
Geostock Group, subsidiary of Entrepose, is established in every continent and is currently involved in feasibility, design, construction, and operation of numerous underground storage projects all over the world. The company employs its deep experience in this field for all types of industrial products, most notably the storage of liquid, liquefied and gaseous hydrocarbons via mined caverns, as well as saline caverns and porous environments (aquifers and depleted reservoirs). It also provides key assistance to companies requiring industrial waste storage management systems.
The formation of Geostock Sandia streamlines and consolidates Geostock N.A.’s underground storage operations with the highly US-localized subsurface injection expertise of Sandia Technologies, toward better serving Geostock N.A.’s existing and future underground storage and industrial waste disposal clients across North America and Mexico. Geostock believes this consolidation is key to the growth of its business and to better serving current and future clients. “We’re consolidating Geostock and Sandia to provide the best possible underground storage and subsurface injection services available,” said CEO, Donald Stehle, “Geostock Sandia is strongly committed to the idea that we benefit chiefly by increasing cost-efficiency for our valued clients.”
Media inquiries should be directed to firstname.lastname@example.org or Geostock Sandia Public Relations at 832-286-0471.