American Water Selling PA Frack Water Co. Keystone Clearwater

In February 2015 Rex Energy announced it would sell its Keystone Clearwater Solutions subsidiary which provides water services for shale drillers in the Marcellus/Utica (see Rex Energy Looks to Sell 28,300 Marcellus Acres in Bid to Raise $). In June 2015 American Water Works, the country’s largest publicly traded water and wastewater utility company, announced it was buying Keystone from Rex for $130 million (see American Water Announces Agreement to Acquire Keystone Clearwater Solutions). Four years later, Keystone is being sold once again.

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