Companies that have unlocked vast quantities of oil and gas through hydraulic fracturing are all worried about the same thing: the rules regulating this new technique. These same companies have even more to worry about now because one state, Illinois, has brought about new regulations regarding the use of hydraulic fracturing. While Illinois is not exactly a huge oil and gas producer, it is possible that these fracking regulations could find footing in other places.
The majority of companies will not be happy about these regulations, but Nuverra Environmental Solutions (NYSE:NES) is not one of them. As a water management company specializing in treating and storing hydraulic fracturing fluid, these kinds of regulations could be just what the company needs.
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