Profile: Alanco Technologies Inc (ALAN.PK)
30 Nov 2016
Alanco Technologies, Inc. (Alanco), incorporated on June 11, 1969, has two oil and gas assets in Western Colorado owned by Alanco Energy Services, Inc. (AES), a subsidiary of the Company. The first is the Deer Creek water treatment and disposal facility located in Whitewater, Colorado. AES has developed the Deer Creek site with approximately eight acres of evaporation ponds for the treatment and disposal of produced water generated by oil and gas producers in Western Colorado. The Deer Creek disposal facility has an annual evaporative capacity of approximately 300,000 barrels, excluding any evaporation methods. The second is an undeveloped 160 acre owned site, known as Indian Mesa, which is permitted for evaporation ponds and in the permitting process for waste disposal, including naturally occurring radioactive materials (NORM) and technically enhanced NORM (TENORM). Indian Mesa is located approximately three miles from the Deer Creek site.
The Company bills customers (primarily in the oil and gas industry) for produced water received. In addition, the Company generates revenue from oil reclamation and generally recognizes oil revenue when the oil is picked up by the customer. Alanco Behavioral Health, Inc., a subsidiary of the Company, is a behavioral health company. The subsidiary will focus on its acquisition plans with the objective of providing behavioral health treatment services.
Alanco Technologies Inc
7950 E Acoma Dr Ste 111
SCOTTSDALE AZ 85260-2932