Although commodity prices have depressed oil and natural gas activity across the shales, Keller, TX-based Fountain Quail Water Management LLC was recently able to secure a commitment for up to $40 million of private equity financing to expand North American operations.
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Halliburton, Nuverra Launch Produced Water Services in Bakken
Halliburton Co. is teaming up with Nuverra Environmental Solutions Inc. in the Bakken Shale to advance a produced water recycling project for unconventional oil and natural gas drillers.
Group Lauds Colorado’s Fracking Rules, Suggests Minor Tweaks
A nonprofit organization that conducts voluntary reviews of state oil and natural gas regulations has made a few minor recommendations for Colorado’s hydraulic fracturing (fracking) regulations, but concluded that the program is well managed and contains some strengths the shale gas industry would find noteworthy.
Shales Seen Making Oil and Gas Drilling a ‘Water Industry’
When it takes 75,000-100,000 bbl of water to hydraulically fracture (frack) a shale well, “the oil and gas industry is effectively a water industry and delivers oil and gas as a byproduct…so welcome to the water industry,” an environmental services executive told a Houston energy audience Wednesday.