Will Fracking Water Treatment Suffer The Fate of Other Oil Services?
Aug 29th 2013 12:52PM
Updated Aug 29th 2013 12:54PM
This past quarter, we saw several oil services companies suffer because so many players in the pressure pumping space sent contract prices through the floor. Despite the emerging importance of the treatment of fracking water, the actual business of water treatment may start to suffer from oversupply as have other more traditional oil services. Moreover, new offerings from oil service giants Halliburton and Baker Hughes could drastically change the dynamics of the industry.
Taking a step back and looking at the entire space, the treatment of hydraulic fracturing water is still a very young industry. Furthermore, the projected drilling program expected over the next several years will provide lots of opportunity for players that play their cards right. Tune into the video below where fool.com contributor Tyler Crowe takes a look at some of the emerging trends in this industry and what companies in this business could do well despite the flood of new entrants.
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The article Will Fracking Water Treatment Suffer The Fate of Other Oil Services? originally appeared on Fool.com.Fool contributor Tyler Crowe owns shares of Nuverra Environmental Solutions. You can follow him at Fool.com under the handle TMFDirtyBird, on Google +, or on Twitter: @TylerCroweFool. The Motley Fool recommends Halliburton. The Motley Fool owns shares of Nuverra Environmental Solutions and has the following options: long January 2014 $4 calls on Nuverra Environmental Solutions and short January 2014 $3 puts on Nuverra Environmental Solutions . 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.