Hydraulic fracking is an expensive, complicated and dirty endeavor. That is the present reality. But new technology already being employed and even more promising ideas coming online soon could clean up the process, help remove opposition, expand drilling possibilities, reduce costs and increase investment opportunities exponentially.
These are our picks for the existing and emerging technologies that have the most potential for investors (in ascending order):
The process of advanced oxidation uses ozone as a disinfectant to clean fracking water. The process purports to eliminate the need for chemicals used to control bacteria and scale inhibition during fracking. The end is result is that 100% of the fracking water is recycled.
The company to keep an eye on here is Ecosphere of Florida, which says it has so far successfully “cleaned” 2 billion gallons of water and gotten rid of 1.7 million gallons of chemicals that would otherwise been needed during the fracking process. It’s been doing this since 2008, with its operations in place in some 600 oil and gas wells across the US. Its next foray will be into natural gas liquids.
This process uses an electric current to bind contaminant particles together, thus allowing their filtration from the water. The technology cleans water on site and includes a validation process.
The company behind this technology is WaterTectonics,…