Water Recycler with NE Operations Expanding with $40M Investment

Fountain Quail Water Management, a Texas-based wastewater recycler with operations in the Marcellus/Utica, announced earlier this week that the company has a new investor who has ponied up $40 million so they can further expand in North America. As MDN pointed out in a companion story today (see The One Part of the Marcellus/Utica Industry Still Booming), treatment of produced water is booming in all shale plays and likely to continue, even though drilling and fracking has tapered off. Why? Because long after a hole is drilled, water from the depths (water a mile or more below the surface) continues to come out of the hole. Water with a high concentrate of minerals (i.e. “salty”, hence salt water injection wells). You can dispose of such water via injection wells, or you can use a technology like Fountain Quail’s to recycle it…

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