Fri, Aug 22, 2014, 6:40 PM EDT - U.S. Markets closed

Recent

% | $
Quotes you view appear here for quick access.

Heckmann Corporation Message Board

  • sdfoster91 sdfoster91 Mar 17, 2013 2:48 PM Flag

    75% y o y increase for frac water 2012. Shorts should love this!

    WILLISTON, N.D. — North Dakota Water Commission officials say the state's oil industry used at least 5.4 billion gallons of water in 2012, an increase of 75 percent from 2011.

    About 70 percent of the water was used for hydraulic fracturing, with at least 2 million gallons of water pumped into the ground at each well.

    Hydraulic fracturing, also known as fracking, involves pumping water, sand and chemicals underground to break up shale rock and allow the oil to flow.

    The water commission has approved permits for the oil industry to use 18.9 billion gallons of water. Hydrologist Bob Shaver says while it might seem like a lot of water, the state is being careful to make sure water sources are not being depleted.

    Sentiment: Strong Buy

    SortNewest  |  Oldest  |  Most Replied Expand all replies
 

Trending Tickers

i
Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.