# H2O Processing secures up to $17.2M contract with Pinto Red Gathering Company

H2O Processing, a subsidiary of Umbra Applied Technologies Group, was contracted by Pinto Red Gathering Company to treat iron-contaminated crude oil. The initial contract covers 650 barrels per day, escalating to 1,200 barrels daily, with potential total service contracts reaching $17.2 million annually.

- Type: Contract
- Announced: 2022-12-15
- Where: United States
- Value: $17.2M
- Status: announced
- Capacity: up to 8,000 barrels per day
- Products: crude oil treatment services
- Sectors: [Mining Equipment](https://endata.com/sectors/mining-equipment.md)

## Companies

- [H2O Processing](https://endata.com/companies/51315.md)
- [Umbra Applied Technologies Group](https://endata.com/companies/58550.md) (investor)
- [Pinto Red Gathering Company](https://endata.com/companies/67360.md) (customer)

## Sources

- [stocktitan.net](https://www.stocktitan.net/news/UATG/uat-group-s-subsidiary-h2o-processing-announces-up-to-17-2m-contract-neq0el0ufaze.html), 2022-12-15: "H2O Processing will treat an initial 650 bbls/day for the first 60 days and 1,200 bbls daily every day after based on existing production."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.