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In the annual IHS CERAWeek gathering, energy executives were vocal about the need to establish best practices in unconventional drilling in an effort to clean up the image of hydraulic fracturing and build trust with local communities. While the industry overall is focusing on this initiative, some companies, including Devon Energy (NYSE:DVN), were way in front of the curve, spending millions on wastewater reclamation projects and implementing corporate responsibility reports before the large-scale boom in shale production. 


This segment is from Tuesday's edition of "Digging for Value," in which sector analysts Joel South and Taylor Muckerman discuss energy and materials news with host Alison Southwick. The twice-weekly show can be viewed on Tuesdays and Thursdays. It can also be found on Twitter, along with our extended coverage of the energy and materials sectors: @TMFEnergy..

Joel South has no position in any stocks mentioned. Taylor Muckerman has no position in any stocks mentioned. The Motley Fool owns shares of Devon Energy. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.