Oil Companies are Finding Ways to Skirt Water Scarcity
Knowing full well that fracking for oil and natural gas consumes extreme amounts of freshwater, companies are becoming more innovative in their use of recycled flowback and brackish water. Apache Corp (NYSE: APA) is running wells in the Permian without using a single drop of freshwater, and companies like The Dow Chemical Company (NYSE: DOW) and Halliburton (NYSE: HAL) are putting technology to use in order to help other companies follow Apache's lead. Check out our short video below for more details on which areas are running short and how these companies are combating the issue.
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This segment is from Thursday's edition of "Digging for Value," in which sector analysts Joel South and Taylor Muckerman discuss energy and materials news with host Alison Southwick. The twice-weekly show can be viewed on Tuesdays and Thursdays. It can also be found on Twitter, along with our extended coverage of the energy & materials sectors @TMFEnergy.
The article Oil Companies are Finding Ways to Skirt Water Scarcity originally appeared on Fool.com.Joel South has no position in any stocks mentioned. Taylor Muckerman owns shares of Halliburton. The Motley Fool recommends Halliburton. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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