5 Star SWD, LLC (5 Star) would like to announce that they have officially begun construction on the first of several saltwater disposal (SWD) facilities that will be located in the Eagleford shale play. This location, which is being called 5 Star Fashing SWD, is located in Atascosa County, Texas and is projected to be open for business in the 1st quarter of 2015.
We are very pleased to already be in the construction phase of our first Eagleford shale SWD facility. The 5 Star Fashing SWD has been permitted through the Texas Railroad Commission for 15,000 BWPD. We feel very lucky to have been able to secure this location as it has already been deemed a necessity by numerous oil and gas operators currently drilling in the immediate area, stated Waylan Johnson, President of 5 Star. He further stated,We expect to have a strong customer base with steady disposal flow right out of the gate.
5 Stars approach to the SWD space has been carefully calculated based on area specific logistics, geology and engineering. Additionally, its management team has been working directly with some of the major players to strategize locations which best suit their needs. From location to facility design and everything in between, 5 Star adheres to a stringent selection process and assumes a hands-on approach so as to cultivate the proper foundation for success. It is 5 Stars goal to build a base of environmentally safe, fully compliant injection well facilities that quickly become the standard in the SWD marketplace.
5 Stars inaugural investment fund, 5 Star Strategic Fund I, LP, holds ownership interest in the 5 Star Fashing SWD location. 5 Star Strategic Fund I, LP (5StarSWD.com) is being offered to verifiable accredited investors only. For further information regarding topics discussed in this article, including information about your personal investment qualifications, please contact 5 Star SWD, LLC via their Investor Relations Department or visit them on the web where you can join the 5 Star (corporate) Mailing List and receive up to date information on 5 Star activities, including all 5 Star Press Releases.
Disclaimer: This release/announcement/document is neither an advertisement, an offer to sell, nor a solicitation of an offer to buy securities, Units or participations of 5 Star SWD, LLC or any of its managed funds (5 Star). This release/document contains certain statements, estimates, and forecasts with respect to future performance and events. All statements other than statements of historical fact included in this release/announcement/document, a Memorandum, or the 5 Star website, including, but not limited to, statements regarding future performance or events, are forward-looking statements. All such forward-looking statements are based on various underlying assumptions and expectations and are subject to risks and uncertainties which could cause actual results to differ materially from those expressed in the forward-looking statements. As a result, there can be no assurance that the forward-looking statements included in this release/document, a Memorandum, or the 5 Star Website will prove to be accurate or correct. In light of these risks, uncertainties and assumptions, the future performance or events described in the forward-looking statements in this release/document, a Memorandum, or the 5 Star Website might not occur. Accordingly, investors should not rely upon forward-looking statements or historical performance as a prediction or indicator of future results. Also, 5 Star, its officers, principals, employees, agents, subsidiaries, affiliates and consultants, and the other parties, investors, and partners involved in any properties, programs and 5 Star activities have conflicts of interests. The price received for the oil and natural gas produced from any properties may be less than quoted NYMEX prices at any given times. 5 Star does not undertake any obligation to update any forward-looking statements, facts or other information, whether as a result of new information, future events, subsequent circumstances or otherwise. Information herein is not intended to be any form of solicitation. Information contained herein should not be construed as investment advice. 5 Star is not a tax professional and does not offer any tax advice.