Private Equity
<p style="line-height: 18.9091px;">Water management is a top-tier issue for most oil and gas producers. Across all U.S. shale plays, an average of 12 barrels of water is produced for every barrel of oil. In 2015, approximately 66 million barrels of water per day (BPD) flowed out of onshore U.S. oil and gas wells. By 2020, produced water volumes are expected to rise to 92 million BPD.<sup>1</sup>&nbsp;Industry experts estimate that 2015 oilfield water management costs in the U.S. exceeded $37 billion.<sup>2</sup></p>