SOURCE: Galenfeha, Inc.

Galenfeha, Inc.

June 16, 2015 08:30 ET

Galenfeha Broadens Oil and Gas Industry Penetration

FORT WORTH, TX--(Marketwired - Jun 16, 2015) - Galenfeha, Inc. (OTC: GLFH) has again broadened its penetration in the oil and gas industry by providing advanced stored energy solutions to U.S. oil and gas producer BHP Billiton.

Galenfeha manufactures patent pending battery systems specifically designed for oil and gas automation, measurement, and production, and is quickly establishing itself as the premier alternative stored energy supplier in North America.

BHP Billiton has elected to incorporate Galenfeha's proprietary CDMA/satellite asset location and tracking technology in its battery systems. This technology is field proven and currently utilized by six of the largest hydrocarbon producers in the United States.

Lucien Marioneaux, Jr., Galenfeha, Inc. President/CEO, commented, "This is an incredibly exciting time for our company. From inception, Galenfeha has been diligently pursuing this level of cooperative involvement among energy producers. The opportunity to assist the highly esteemed, global powerhouse firm BHP Billiton is an enormous honor. Our team is prepared for this responsibility and I am delighted to announce this development to our shareholders."

About Galenfeha, Inc.

Galenfeha (OTC: GLFH) is a design and engineering firm with a focus on the oil and gas industry and a conscious pursuit of low environmental impact product development. Galenfeha designs, manufactures and markets a complete line of patent pending, microprocessor controlled, LiFePO4 chemistry battery systems for measurement, automation, and a full line of proprietary chemical injection systems.

For more information on Galenfeha's products and services, please visit www.galenfeha.com.

Forward-Looking Statements: Except for historical information contained in this release, the matters discussed are forward-looking statements that involve risks and uncertainties. When used in this release, words such as "anticipate," "believes," "estimate," "expect," "should," "intend," "projects," "objective," and "appears," and similar expressions, as they relate to the Company or its management, identify forward-looking statements. Such forward-looking statements are based on the beliefs of the Company's management, as well as assumptions made by and information currently available to the Company's management. Among the factors that could cause actual results to differ materially are the following: the effect of business and economic conditions; the impact of competitive products and pricing; capacity and supply constraints or difficulties; product development, commercialization, or technological difficulties; the regulatory and trade environment; the impact of reimbursement rates and coverage; and the risk factors reported from time to time in the Company's SEC reports. The Company undertakes no obligation to revise any forward-looking statements as a result of future events or developments.

Contact Information

  • Contact:

    Galenfeha, Inc.
    Ft. Worth, TX
    800-280-2404