Over the past few years, advances in fracking technology have strengthened the U.S. reserves of natural gas.
According to the Energy Information Administration, shale gas fields in the U.S are said to contain enough natural gas to power the country for 110 years.
The aim for energy independence is accompanied by an environmental backlash over concerns that fracking methods pose threat to water, air, land and the health of communities.
Last week, Bluefield Research released a new report on water management for hydraulic fracturing. The report titled “Water for U.S. Hydraulic Fracturing: Competitive Strategies, Solutions, & Outlook, 2014-2020” provides an analysis of the rapidly changing U.S. landscape for fracking water solutions and business strategies. Some key highlights of the report include:
- • U.S. fracking industry will spend US$6.38 billion on water management in 2014.
- • Water treatment market for fracking will grow from $138 million in 2014 to $357 million in 2020.
- • Shifting regulation in 31 states, water supply risk and alternative water solutions for fracking are driving competition along a fragmented value chain.