Forget Oil, Water Is The New Ticket for Pipeline Growth in Texas

Forget Oil, Water Is The New Ticket for Pipeline Growth in Texas

Houston, TX -
September 14, 2017

Getting rid of wastewater from onshore wells has become an increasingly costly problem for oil producers as U.S. crude output surged in recent years, especially in the new shale fields from Texas to North Dakota. Drillers typically get about seven barrels of water for every one of oil, and some struggle to deal with the overflow that is mostly sent by truck to disposal sites miles away. David Capobianco, a former managing director for Allen’s Vulcan Capital, is trying to change that by building pipelines to get wastewater out.

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