Averaging 3 million gallons per fracking well, the oil and gas industry is at risk of running our country dry in many geographic regions. As states continue to join the trend of mandating water recycling, companies will fall under increased pressure to comply or they will likely pay hefty fees on top of the costs of an already expensive operating environment.
Several companies on the production side, such as Southwestern Energy (NYSE: SWN ) and Sandridge Energy (NYSE: SD ) , have begun addressing this problem. From a services standpoint, Halliburton (NYSE: HAL ) is pioneering multiple, different applications that producers can choose from to both ease the stress on the environment and reduce overall costs.
Keying in on environmentally safe fracking is slowly becoming an identifying factor of Halliburton's business model. As the domestic fracking market begins to rebound, investors would be wise to consider Halliburton, one of the top companies in the business and one of those most in tune with the domestic market. To access The Motley Fool's new premium research report on this industry stalwart, simply click here now and learn everything you need to know about how Halliburton is positioning itself both at home and abroad.
Because the idea of recycling water used in fracking is a relatively nascent endeavor for the industry, it could be a great time to consider some key players from an investment perspective. For more analysis on these companies' efforts to address this issue, check out our video below.