Fortress Environmental Holdings announced today that it has signed a definitive equity crowdfunding agreement with ROKY Oil Services Investments to launch a $5 million oil and gas fundraising campaign, according to a recent press release. The Reg. CE crowdfunding campaign will raise the startup capital needed to complete the buildout of its second Supercenter Disposal Facility, which includes a Salt Water Disposal (SWD) Well, Mud Farm, Commercial Truck Wash and Frac Tank Washout Center in Dimmit County to serve the oil and gas industry in the Texas Eagle Ford Shale.
Tim Koziol, Fortress Environmental Services’ CEO, said,
After evaluating numerous equity and energy crowdfunding sites, we selected ROKY’s investor relations team based on their 22-year, proven track record of successfully raising money and funding more than 250 oil and gas projects throughout Kansas, Louisiana, New Mexico, Oklahoma, Texas, and Wyoming. …ROKY has a very impressive crowdfunding investment syndicate led by Mike Parsons and two Super Angel Investors, Jim Casparie and Elliot Reiff, who developed TVA’s leading edge, Fundability Assessment Rating System to vet deals for their network of more than 600 accredited investors who follow their recommendations.
Fortress Environmental Holdings worked with ROKY’s oil and gas investment syndicate in 2014 to successfully raise more than $9.3 million to build its first SWD Supercenter prototype in Waelder, Texas. The Waelder facility offers every service that both oilfield trucking fleets and drilling operators need to streamline their operations and reduce expenses.
Fortress is currently taking advantage of the economic downturn in the oil and gas industry, which has significantly reduced the costs for drilling new SWD wells and the associated construction costs needed to build large-scale oil field service supercenters.
ROKY Oil Services Investments is currently accepting new qualified and accredited investors into its oil & gas investment syndicate to support the Reg. CE equity crowdfunding campaign. The CE offering is now live and accepting investments from qualified and accredited investors.
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