Despite a decline in hydraulic fracturing activity, the value of the fracking water management market remains at $1.9 billion, Lux Research reports. The estimated value of the hydraulic fracturing water management market remains at $1.9 billion for 2015 – not including water transportation and disposal opportunities – despite the sharp decline in fracking activity due to weakened global oil prices. U.S. frac activity remained strong for several months following the start of oil’s decline in July 2014, but finally started to start slow in January. The number of fracs in the United States declined from around 2,300 in October 2014 to 1,350 in February 2015, as companies refocused their efforts on their core regions and most economic resources, according to a recent study by Boston-based Lux Research. Significant pullbacks occurred in the Permian, Eagle Ford and Barnett plays in Texas, while the Marcellus play in northeastern Pennsylvania, which produces […]