A friend of mine told me there is a company STWS.pk that he says has achieved the ability to convert brine water (or previously used fracking water--not sure which) into water clean enough to clean enough to use again in the fracking process.
The company is operating in the PB where water supplies are TIGHT and that the company has evidently passed some pretty arduous tests with a few drillers.
Since Sandridge is a PB company, I thought I'd ask this board if anyone was familiar with this very small company. I view this as a 'crap shoot' when the price is pennies per sh, but heck if they have something, it would be nice to get in early.
For those unaware, SeekingAlpha offers varying quality--it's free, so what do you expect? I've found Michael Filloon (http://seekingalpha.com/author/michael-filloon), author of the article cpa provided a link to, to be one of the best of a handful of quality contributors on E&P. He writes extensively about the Bakken and companies operating within it. Thanks cpa.
CPA--thanks!!! Good info as I do not know hardly anything about this process--costs, pitfalls,etc., EXCEPT what the media prints on pollution. I have studied the horizontal info enough to understand these claims have little or no merit.
I agree with the author as to the reuse of the water. West Texas is still in a drought condition--especially for these wells--and the innovation will happen. It would be nice to own some of a penny stcok that hits it big though.
I invested a bit in Poseidon (POOSF.PK) since SD has used their product in the MS. Whiting was using them as well. After a nice immediate pop it has regressed. There is a lot of money at stake and competition in this space is growing. As the other poster states, connections will matter and if/when big players enter the picture the landscape may change quickly, possibly including the acquisition of smaller players with a head start.
I don't know much about this company but I do know that there are a lot of companies trying to develop a solution for the water issue. I think Halliburton bought one company. In my opinion 1-2 companies will end up domintaing this space. It will take a lot of money and EP connections. I also think whichever solution(s) the industry adopts will be mobie type units.