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Stock impact report

The Permian Is Drowning in Its Own Wastewater [Yahoo! Finance]

Texas Pacific Land Corporation (TPL) 
Last texas pacific land corporation earnings: 4/30 04:30 pm Check Earnings Report
US:NYSE Investor Relations: tpltrust.com
Company Research Source: Yahoo! Finance
But success comes at a price, and in the Permian's case, the price is huge amounts of wastewater—and the industry is running out of places to store it. Hydraulic fracturing, which is the dominant way of extracting oil in the Permian, is a water-intensive process. Fracking involves injecting chemicals and sand into the horizontal well to open up the oil-bearing rock and keep it open. The longer the laterals got, the more water needed to be injected. This water, which is mixed with chemicals, then gets disposed of in special wells. But there are too many of those, and they are overflowing, according to reports. The first signs of serious trouble emerged earlier this year, when the Texas Railroad Commission sent out notices to companies applying for licenses for wastewater disposal wells in the basin, stating that there were ground pressure issues caused by wastewater disposal. The number of new ones was to be restricted. Wastewater disposal, the Railroad Commission wrote in the le Show less Read more
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