Wastewater Co. BlueJack Energy Launches with $100M Investment

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BlueJack Energy logoAs MDN has previously pointed out, even during the downturn in the oil and gas market, there is at least one sub-sector that's expanding: wastewater. Long after a well is drilled and fracked, once it begins producing, that well will continue to produce not only natural gas and/or oil and other hydrocarbons--it will also produce water from the depths. We're not talking about groundwater or aquifers that sit several hundred feet down. Those water sources are well-protected by well casing. There is also abundant supplies of mineral-laden water deep in the earth that comes out of the borehole for years after a well is drilled. When drillers were sinking holes as fast as they could--and fracking them--that salty/minerally water from the depths (often called brine or saltwater) would be recycled and used for more drilling. But when there's little or no drilling--what do you do with all that brine/wastewater? You still have to get rid of it. So the wastewater hauling/recycling/disposal industry is actually expanding. BlueJack Energy Solutions is one such new company, begun to service several shale plays including the Marcellus/Utica. Yesterday BlueJack announced it has received $100 million in investment capital from Energy Spectrum Partners--to help get the company launched quickly and into a full gallop...

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