New Report: Water is a $6.4B Part of the U.S. Shale Industry
How much water is used, and how much is generated that needs to be disposed of (or recycled) in oil and gas drilling–particularly in U.S. shale plays? A new report by Bluefield Research says the U.S. fracking industry consumes over 1 billion barrels of water annually, producing 450-500 million barrels of wastewater for disposal. According to Bluefield, the U.S. shale industry will spend $6.38 billion (!) in 2014 on water management: supply, transport, storage, treatment, and disposal. Water is a big deal in shale drilling. The following article by Bluefield sheds interesting light on the topic. Among the things that caught our interest is the breakdown of which shale plays use the most water (how does the Marcellus and Utica stack up? see the graphic below), and the section at the end which talks about new opportunities for supply chain companies in the water space…
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On Monday, MDN highlighted a pair of stories from West Virginia in which we noted that Cabot Oil & Gas, a Texas-based company that (so far) has concentrated its Marcellus Shale drilling in Susquehanna County, PA, had drilled and plugged a well in West Virginia that seems to be aimed at the Utica Shale (and/or Marcellus) in that state (see
Last week West Virginia Gov. Earl Ray Tomblin led a trade delegation on a junket to Brazil to talk with officials from Odebrecht and Braskem about the $3 billion proposed ethane cracker plant/petrochemical complex the companies are planning for Parkersburg, WV (see