A controversial method for extracting oil and gas resources from the environment does not have a broad impact on drinking water, according to a report released Thursday by the Environmental Protection Agency.
But the EPA's nearly 1,000-page report on hydraulic fracturing, or fracking, did also conclude that there is a potential for some pollution on a local scale. Congress commissioned the study in 2010. The report is based on a four-year study. Read More
The U.S. oil-rig count fell by four to 642 in the latest week, according to Baker Hughes Inc., marking the 26th straight week of declines.
The drop is a deceleration from last week, when the count fell by 13.
Read more: http://www.nasdaq.com/article/us-oilrig-count-drops-modestly-again-20150605-00505#ixzz3dEpb6uCy
Resource extraction is forecast to be the fastest-growing market for water treat¬ment equipment, as water consumption and wastewater treatment continue to be issues of concern to both oil and gas field operators and environmental agencies. The US EPA is also in the process of updating its standards for the treatment of wastewater from oil and gas shale and coalbed formations, which could further boost the market for water treatment equipment in resource extraction. Despite this, gains will be slower than the double-digit increases seen in the 2009-2014 period, when hydraulic fracturing activities and oil and gas field production were expanding at a very strong rate. Read More