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Post by
redawnliv on Jun 30, 2014 3:47pm
going up up & away
Fracking 101 for Investors: Profiting From the Water Problem
By Matt DiLallo | More Articles| Save For Later
June 30, 2014 |
American drilling companies use 3-5 million gallons of water to frack each and every shale well in the U.S. Most of that water comes from freshwater sources. This is increasingly becoming an issue for the industry, as many of America's shale wells are being drilled in water-starved areas or are putting added pressure on local municipal water systems. These issues, however, represent a compelling opportunity for oil-field service companies like Halliburton (NYSE: HAL) and Nuverra Environmental Solutions (NYSE: NES) , which are working on a compelling solution to recycle frack water.
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