Shale’s water problem discussed during the World Shale Oil & Gas Summit in Houston

Oil and gas industry executives and experts addressed water supply and cost issues with regard to hydraulic fracturing during the World Shale Oil & Gas Summit in Houston this week, the Houston Chronicle reports. With the cost of moving water amounting to over a sixth of the cost of a Marcellus well, much discussion focused on ways to reduce the volume of water used as well as ways in which water can be reused and recycled, the article said. More than 1 million unconventional wells are projected to be drilled by 2035, which is why significant capital is being devoted to ameliorating the water scarcity issue – a move that one executive said will help the shale industry not just economically, but also with regard to the environment and landowner relations, the article said. For more, read the full story.