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Water for U.S. Hydraulic Fracturing: Competitive Strategies, Solutions, & Outlook, 2014-2020

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This Market Insight is an in-depth analysis of the rapidly changing U.S. landscape for fracking water solutions and business strategies. The report has been developed to support companies addressing the U.S. fracking market with detailed data and market trend analysis.

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Water for U.S. Hydraulic Fracturing: Competitive Strategies, Solutions, & Outlook, 2014-2020

  1. 1. Source: Joshua Doubeck MARKET'INSIGHT! Water'for'U.S.'Hydraulic'Fracturing:'Compe''ve! Strategies,!Solu'ons,!&!Outlook,!2014;2020!! ! November!2014! ADVANCED WATER TREATMENT & DESALINATION GREENFIELD + WATER = BLUEFIELD
  2. 2. Water for U.S. Hydraulic Fracturing: Competitive Strategies, Solutions, & Outlook, 2014-2020 ! MARKET INSIGHT! About This Market Insight ADVANCED WATER TREATMENT & DESALINATION 2 • This Market Insight highlights the following: - A 2014–2020 forecast of water management spending by supply, transport, treatment, storage, and disposal at a play-by-play level. - Competitive analysis of water management and technology providers and their strategies to meet the growing demand for water and water treatment in unconventional oil & gas. - Federal and state-by-state analysis of 31 regulatory environments and emerging markets for water solutions. - In-depth analysis of water supply and treatment solution drivers and bottlenecks by U.S. shale play. - Analysis and profiles of 18 water management companies, 26 energy service providers, and 19 technology suppliers and their competitive positioning. • This report draws on Bluefield Research’s Advanced Water Treatment & Desalination Insight Service and its ongoing deliverables and research team. Oil & Gas Service Providers Pure Play Water Service Providers Technology & Equipment Suppliers • Baker Hughes • Basic Energy • Cudd Energy Services • FTS International • Halliburton • Key Energy Services • Nabors Industries • National Oilwell Varco • Newalta Corporation • Schlumberger • Secure Energy Services • Superior (Pumpco) • Tervita Corporation • Trican Well Services • Weatherford • Advanced Waste Services • AES Water Solutions • American Water • Aqua America • Aquatech • Armada Water • Bosque Systems • BNN Energy • Eureka Resources • Fountain Quail (Aqua Pure) • Greenhunter • Hydro Recovery • Nuverra • Oilfield Water Logistics • Patriot Water Treatment • Reserved Environmental Services • Rockwater Energy Solutions • Select Energy Services • 212 Resources • Altela • BKT • Ecologix • Ecosphere • Energy Water Solutions • Evoqua • Exterran • Gasfrac • GE Water & Process Technologies • Geopure • Gradiant • Oasys Water • Omni Water Solutions • Purestream Services • STW Water & Process Technologies • Thermo Energy • Veolia Water Solutions • Water Rescue Services Energy Companies • Antero Resources • Apache Corporation • Crestwood Midstream Partners • Devon Energy • Fasken Oil Ranch • New Frontier • NGL Energy Partners • Penn Virginia Resource Partners • Pioneer Natural Resources • SandRidge Energy • Statoil Market Insight Details Geographical Coverage Thirty-one US States, including Key Shale Plays • Bakken • Eagle Ford • Haynesville • Marcellus • Niobrara • Permian • Utica • Ohio • Oklahoma • Pennsylvania • South Dakota • Texas • West Virginia • Others • California • Colorado • Florida • Louisiana • New Mexico • North Dakota • North Carolina
  3. 3. Water for U.S. Hydraulic Fracturing: Competitive Strategies, Solutions, & Outlook, 2014-2020 ! MARKET INSIGHT! About This Market Insight Water for U.S. Hydraulic Fracturing Market: Competitive Strategies, Solutions, & Outlook, 2014-2020 is an in-depth analysis of the rapidly changing U.S. landscape for fracking water solutions and business strategies. This Market Insight has been developed to support companies addressing the US fracking market with detailed data and market trend analysis. • Bluefield forecasts define market outlook to 2020. Bluefield’s in-depth forecasts build on the more than 14,000 newly fracked wells and 7 billion gallons of produced and flowback water in 2013 to develop basin-specific outlooks. Key forecast outputs include water demand, services revenues, and technology investment, including sensitivities to market drivers. A detailed research methodology and approach is provided to forecast data and analysis included with the report. • Highlighting shifting business strategies in a changing landscape. From equipment suppliers-to-water service providers, companies are addressing the industry’s water challenges with innovative technology and business solutions. Oil & gas players, pure-play water service companies, and technology providers across the value chain are refining their business strategies to capitalize on the scaling market. Bluefield profiles company strategies with value chain analysis, M&A and partnership impacts, regional focus, and technology strategies. • Unlocking greenfield opportunities in fracking. Bluefield highlights the emerging shifts by basin that it expects to shape business models and market growth going forward. The deep-dive analysis of regulatory policies across 31 states, disposal infrastructure, water availability, and has been developed to support companies as they navigate a highly fragmented landscape. ADVANCED WATER TREATMENT & DESALINATION Water for U.S. Hydraulic Fracturing: Competitive Strategies, Solutions, & Outlook, 2014-2020 ! MARKET INSIGHT! Wastewater Disposal Methods Oil & gas well operators and water service providers have increased wastewater reuse applications to represent 68% of the 2.6 million m3 generated in the first-half of 2014. Water&Solu+ons&for&U.S.&Fracking:&H1 2013-H2 2014-H1 Compe&&2013-ve(Strategies,(H2 2011-H1 2011-H2 2012-H1 2012-H2 2010-Costs,(and(Forecasts,(201492020 ( (((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((MARKET(INSIGHT( 100% 90% 80% 70% 60% 50% 40% 30% 20% 10% 0% Other 41,055 70,823 3,405 26,338 44,272 4,294 20,494 18,697 Residual Waste Facility - - - - - - 576,218 534,043 Injection Well Disposal 55,471 82,473 271,575 164,754 404,170 221,257 282,365 242,485 Centralized Treatment Plant 561,454 571,386 424,965 262,293 474,417 364,003 10,053 2,174 Wastewater Reuse 205,126 789,965 961,496 1,455,323 1,748,529 1,640,098 1,664,663 1,731,502 Estimated Wastewater Treatment & Cubic Meters (m3) Pure-Play Water Service Providers Positioning for Growth A host of pure-play companies are navigating the fragmented market through partnership 19.7 22.6 22.4 and geographic 16.9 23.4 2.9 13.5 14.5 Transport Services(US$ million) growth strategies to carve-out longer-term growth positions Delivery Collection Treatment Recycling Disposal ADVANCED WATER TREATMENT & DESALINATION Analysis • Since 2011, wastewater reuse for fracking activities has increased 119% by volume. Currently reuse represents 68% of disposal methods in the state. • The Pennsylvania Department of Environmental Protection (PADEP) has proven to be effective in driving reuse. In 2010 the regulatory agency prohibited discharge of high total dissolved solids (>500 mg/l) from unconventional gas operations. • Additionally, in 2011 PADEP disallowed the use of publicly owned treatment facilities for disposal. As a result, centralized treatment has fallen from 562,454 m3/d in 2010-H2 to 2,174 m3/d in first-half 2014. • Injection well disposal has scaled since 2010-H2, with a significant increase to 404,170 m3/d. The increased is also driven by the PADEP regulation changes. • Excluding water supply, wastewater treatment and transport services have continued to rise with the industry’s expansion from approximately US$2.9 million in the first-half of 2011 to US$22.4 in 2014. Wastewater Disposal Methods by Percent of Cubic Meter Volume (M3) Source: PADEP, Bluefield Research ADVANCED WATER TREATMENT & DESALINATION GreenHunter Resources Select Energy Services 2013 Revenues US$25.7M US$800M (Est.) US$525M Select Energy Services Basins Marcellus, Utica Permian, Marcellus, Bakken Haynesville, Eagle Ford Marcellus, Bakken Fountain Quail US$6.1M Marcellus, Barnett, Eagle Ford Rockwater Energy Solutions US$1.3B (Est.) Marcellus, Barnett, Eagle Ford, and others Bosque Systems Privately Held Barnett Shale, Eagle Ford, Fayetteville. Bakken, Permian, Woodford • GreenHunter has refocused its activities in the Marcellus basin to capitalize on the higher cost of water management, including transport and disposal. Its proposed and alternative strategy to barge wastewater to treatment facilites is still pending US Coast Guard approval. • In 2013, Baker Hughes launched its H2pro water treatment technology solution in the Permian Basin and Halliburton– through a partnership with Select Energy− is deploying its H2OForward treatment technology in the Bakken and Permian Basins. • Other diversified plays companies with Key their Energy substantial Services resources. and Basic Energy Services represent significant challenges to the pure 3
  4. 4. Water for U.S. Hydraulic Fracturing: Competitive Strategies, Solutions, & Outlook, 2014-2020 ! MARKET INSIGHT! Table of Contents & List of Exhibits ADVANCED WATER TREATMENT & DESALINATION Section 6 – Market Forecasts 46 Market Forecasts Summary 47 Annual Water Demand by Volume 48 Hydraulic Fracturing Water Services Forecast 49 Hydraulic Fracturing Water Forecast by Volume 50 Hydraulic Fracturing Water Treatment Services Forecast 51 Forecast Methodology 52 Forecast Methodology: Key Inputs Section 7 – International Market Landscape 54 Summary 55 International Markets by Recoverable Reserves 56 The United Kingdom Emerges Among European Doubts 57 A Global Perspective on Hydraulic Fracturing Opportunities 58 Global Competitive Landscape Section 8 – Key Hydraulic Fracturing Play Profiles 60 Bakken 61 Denver-Julesburg Niobara 62 Eagle Ford 63 Haynesville Section 9 – Key Water Service Provider Profiles 68 Advanced Water Services 69 AES Water Solutions 70 American Water 71 Aqua America 72 Aquatech International 73 Armada Water Ltd. 74 Bosque Systems 75 BNN Energy (Tallgrass Energy Partners) 76 Eureka Resources 77 Fountain Quail (Aqua Pure) 78 GreenHunter Resources 4 TABLE OF CONTENTS Section 1 – Executive Summary Section 2 – Market Drivers & Landscape 10 Summary 11 Mapping the U.S. Shale Basins and Plays 12 Key U.S. Unconventional Oil & Gas Plays 13 Unconventional Oil & Gas Production 14 Natural Gas and Crude Oil Price Trends 15 Monthly U.S. Rig Count by Type 16 Hydraulically Fractured Wells by State 17 Basin Water Stress & Water Footprint 18 Federal Policy Landscape 19 State and Local Policy Overview 20 State Policy Overview Metrics – Alabama to Nebraska 21 State Policy Overview Metrics – New Jersey to Wyoming 22 Water Treatment & Reuse Market Maturity 23 Pennsylvania Highlights Regulatory & Economic Impacts on Reuse Section 3 – Hydraulic Fracturing Across the Water Supply Chain 25 Summary 26 Hydraulic Fracturing Water Supply Chain 27 Water Supply Chain Bottlenecks and Drivers for Reuse 28 Water Management Spending by Play 29 Salt Water Disposal Wells by State 30 Shifting Water Roles of Oil & Gas Players 31 Alternative Water Proposals Section 4 – Hydraulic Fracturing Water Treatment Solutions 33 Summary 34 Water Treatment Technology Solutions 35 Potential Technology Solutions 36 Water Technology Provider Positioning Section 5 – Water Service Provider Competitive Landscape 38 Summary 39 Unconventional Oil & Gas Opportunities 40 Water Management & Services Value Chain 41 Competitive Benchmarks and Positioning 42 Pure-play Water Service Provider Positioning for Growth 43 Pennsylvania Utilities Position in Local Market 44 Water-related M&A Activity in Hydraulic Fracturing 64 Marcellus 65 Permian 66 Utica 79 Hydro Recovery 80 Layne Christensen 81 Nuverra Environmental Solutions 82 Oilfield Water Logistics 83 Reserved Environmental Services 84 Patrioit Water Treatment 85 Rockwater Energy Solutions 86 Select Energy Services 87 SandRidge Energy 88 Terraqua Resource Management Water for U.S. Hydraulic Fracturing: Competitive Strategies, Solutions, & Outlook, 2014-2020 is part of Bluefield’s Advanced Water Treatment & Desalination Insight Service. Advanced Water Treatment & Desalination Insight Service provides clients with a steady stream of in-depth analyses of evolving water treatment markets, company strategies, demand shifts, and the underlying drivers for greenfield opportunities. Learn more at www.bluefieldresearch.com.
  5. 5. Water for U.S. Hydraulic Fracturing: Competitive Strategies, Solutions, & Outlook, 2014-2020 ! MARKET INSIGHT! Table of Contents & List of Exhibits (continued) ADVANCED WATER TREATMENT & DESALINATION 5 TABLE OF CONTENTS (continued) Section 10 – Key Energy Company & Service Provider Profiles 90 Baker Hughes 91 Basic Energy Services 92 C&J Energy Services (Nabors) 93 Cudd Energy Services (RPC) 94 FTS International 95 Key Energy Services 96 Halliburton Co. 97 National Oillwell Varco Section 11 – Key Technology Provider Profiles 107 212 Resources 107 Altela 107 Aquatech 107 BKT 108 Ecologix 108 Ecosphere 108 Energy Water Solutions 108 Evoqua 108 Exterran Holdings 108 GE Power & Water LIST OF EXHIBITS Section 2 – Market Drivers & Landscape 11 U.S. Lower 48 States Shale Plays & Basins 12 Average Water Demand per Well 12 Fossil Fuel Mix by Key Play 13 Total Gas Production by Play 13 Total Oil Production by Play 14 Natural Gas Futures Contracts, 2000–2014 14 Crude Oil Futures Contracts, Cushing, Oklahoma, 2000–2014 15 Drill Rig Deployment by Type 15 Average Monthly Rig Count in Key U.S. Shale Plays 16 Installed Well Capacity by State, 2005–2013 17 Water Stress & Reuse by Play 17 Water Supplies and Wastewater by Play 18 Federal Policies & Exemptions 18 Proposed Federal Regulation 19 State Policy Mechanisms 22 Hydraulic Fracturing Market Maturity Curve by Play 23 Pennsylvania Disposal Methods by Volume 98 Newalta Corporation 99 NGL Energy Partners 100 Schlumberger Ltd. 101 Secure Energy Services 102 Superior Energy Services (Pumpco) 103 Tervita Corporation 104 Trican Well Service, Ltd. 105 Weatherford International Services 109 Gasfrac 109 GeoPure HydroTEchnologies 109 Gradiant Corp. 109 Oasys Water 109 Omni Water Solutions 110 OriginOil 110 Purestream Services 110 ThermoEnergy 110 Veolia Water 110 Water Rescue Services LIST OF EXHIBITS (continued) Section 3 – Hydraulic Fracturing Across the Water Supply Chain 26 Spending on Water Across the Supply Chain 27 Supply Chain Pressure Points 27 Water Management Spending Flow Chart 28 Water Management Spending Ranges by Play 29 Total Number of U.S. Class II SWD Injection Wells 29 Active Class II SWD Disposal Wells 29 Defining Class II Injection Wells 30 Water Recycling and Pipeline Activities 31 GreenHunter Assets and Proposed Barging Plans Section 4 – Hydraulic Fracturing Water Treatment Solutions 34 Technology Cost & TDS by Play 35 Technology Profiles 36 Technology Suppliers and Technology Offerings Section 5 – Water Service Provider Competitive Landscape 39 Unconventional Oil & Gas Business Models and Strategies 40 Value Chain Positioning by Company 41 Water Service Provider Geographic Presence and Integration 42 Pure-play Water Service Provider Positioning 43 Pennsylvania Produced Wastewater by County, 2010–2014 43 Aqua America Pipeline Details 44 Select Water-related M&A Deals by Company Section 6 – Market Forecasts 47 Annual Water Demand by Play 48 Water Management & Services Spending by Activity, 2014–2020 49 Annual Produced Water & Treatment Ratio (%), 2014–2020 49 Water Treatment Forecast by Volume, 2014–2020 50 Water Treatment Spending by Play, 2014–2020 51 Forecast Methodology Table 52 Data Inputs for Forecasts Section 7 – International Market Landscape 55 Recoverable Shale Gas Reserves 55 Recoverable Shale Oil Reserves 56 UK Shale Reserves & Utility Map 56 Europe Shale Reserves 57 International Market Background 58 Water Service Providers International Footprint
  6. 6. Water for U.S. Hydraulic Fracturing: Competitive Strategies, Solutions, & Outlook, 2014-2020 ! MARKET INSIGHT! Order Form ADVANCED WATER TREATMENT & DESALINATION SELECT REPORT LICENSE! SINGLE SITE LICENSE! US$2200 ! !! ENTERPRISE LICENSE! US$3100 ! !! PAYMENT METHOD! CREDIT CARD! INVOICE / PURCHASE ORDER! NAME AS APPEARS ON CREDIT CARD __________________________________________________________! CREDIT CARD NUMBER ___________________________________________________________________! CVV CODE ____________________________________EXPIRATION DATE ___________________________! ! TOTAL CHARGE (US$) _________________! SIGNATURE __________________________________________! BILLING ADDRESS! FIRST NAME _____________________________! LAST NAME ________________________________________! COMPANY ____________________________________! COUNTRY ___________________________________! STREET ADDRESS ______________________________________________________________________________! CITY ___________________________________! POSTAL CODE ____________________________________! EMAIL ___________________________________ _ _ _ _ ! PHONE ______________________________________! SIGNATURE _______________________________ _ _ _ _ _ ! DATE _____________________________________! Water for U.S. Hydraulic Fracturing: Competitive Strategies, Solutions, & Outlook, 2014-2020 Publication Date: November 2014 This Market Insight highlights the following: • A 2014–2020 forecast of water management spending by supply, transport, treatment, storage, and disposal at a play-by-play level. • Competitive analysis of water management and technology providers and their strategies to meet the growing demand for water and water treatment in unconventional oil & gas. • Federal and state-by-state analysis of 31 regulatory environments and emerging markets for water solutions. • In-depth analysis of water supply and treatment solution drivers and bottlenecks by U.S. shale play. • Analysis and profiles of 18 water management companies, 26 energy service providers, and 19 technology suppliers and their competitive positioning. Complete the order form to the right and fax or email a scanned copy to Bluefield Research at +1 617 249 2082, or sales@bluefieldresearch.com. REPORT PRICE US$2500 6
  7. 7. Water for U.S. Hydraulic Fracturing: Competitive Strategies, Solutions, & Outlook, 2014-2020 ! MARKET INSIGHT! Bluefield Research offers a range of market insight programs to support client strategies in all segments of the water industry. Clients can select a single program or combine programs to support single business units or corporate-wide initiatives. PRACTICE AREAS Water Infrastructure Markets Private Water Investment & Portfolio Strategies Water Asset Management & Utility Strategies Regional Water Markets How to Purchase ADVANCED WATER TREATMENT & DESALINATION INSIGHT PROGRAMS Municipal Water Infrastructure Markets Water Risk Management Strategies Annual subscription contracts provide clients a 12-month cycle of deliverables, including in-depth reports, market insights, data analysis, quarterly briefings, research notes, and analyst support For clients looking for off-the-shelf research to meet specific needs, we offer selected INSIGHT deliverables for direct purchase, including in-depth Focus Reports and Market Insights Our team of water industry experts can tailor specific research and analysis to assist clients with market sizing, competitive analysis, partnering, market access, and strategy support INSIGHT PROGRAMS KNOWLEDGE CENTER CUSTOM RESEARCH Advanced Water Treatment & Desalination Private Water: Strategies and Opportunities in Water Asset Ownership Smart Water Markets and Strategies Asia-Pacific Water Infrastructure Markets Industrial Water Infrastructure Markets Utility Asset Management Strategies Smart Cities US Water Infrastructure Markets LATAM Water Infrastructure Markets MENA Water Infrastructure Markets Europe Water Infrastructure Markets Agriculture Water Management Strategies Bluefield Research Insight Services 7
  8. 8. Water for U.S. Hydraulic Fracturing: Competitive Strategies, Solutions, & Outlook, 2014-2020 ! MARKET INSIGHT! Insight Service Description ADVANCED WATER TREATMENT & DESALINATION INSIGHT SERVICE CLIENT FOCUS: This Insight Service is designed for companies involved in the supply, purchase or integration of water and wastewater treatment technologies, including: • Municipal and water utilities tracking new players and technologies • Business development and strategy executives at manufacturers and integrators of water and wastewater treatment systems, components • EPC and water project developers seeking new supply relationships or strategic or vertical partnerships • Large industrial water users searching for optimal supply solutions • Investors targeting new business models in water treatment and re-use RESEARCH COVERAGE: a 12-month cycle of data- and analytics-driven research provided in multiple formats to support client strategies, covering: • Desalination market trends including new projects, emerging brackish water applications, and cost drivers • Growth of water and wastewater treatment markets by segment (membrane, chemical, thermal, etc), by vertical market, and by region • Water re-use strategies and market acceptance by sector • In-depth insight into industrial treatment markets including mining, oil & gas, fracking, power, agriculture, and manufacturing • Technology trends in materials, processes, and energy efficiency • Supplier rankings and market share by segment and region • Supply chain shifts and tracking of new entrants METRICS: primary research and analysis is supported by proprietary market, project and company databases updated continuously: • WT, WWT and desalination project databases (technology, supplier) • EPC and equipment supplier databases • Industrial segment project databases (mining, O&G, power, etc) • Rigorous market forecasts detailing models, assumptions, and detailed scenarios ADVANCED WATER TREATMENT & DESALINATION WATER SOLUTIONS COVERED: Business Models Cost Drivers M&A Activity Regulatory Activity Market Share MARKET SEGMENTS COVERED: Industrial Water Municipal Water • Power Gen • Oil & Gas • Mining • Chemicals • Food & Beverage Water Reuse Water Treatment Wastewater Treatment Desalination Agriculture SELECT LIST OF COMPANIES COVERED: 8
  9. 9. Water for U.S. Hydraulic Fracturing: Competitive Strategies, Solutions, & Outlook, 2014-2020 ! MARKET INSIGHT! About Bluefield Research Global companies across the value chain are developing strategies to capitalize on greenfield opportunities in water -- new build, new business models, and private investment. Bluefield Research supports a growing roster of companies across key technology segments and industry verticals addressing risks and opportunities in the new water landscape. Companies are turning to Bluefield for in-depth, actionable intelligence into the water sector and the sector's impacts on key industries. The insights draw on primary research from the water, energy, power, mining, agriculture, financial sectors and their respective supply chains. Bluefield works with key decision-makers at utilities, project development companies, independent water and power providers, EPC companies, technology suppliers, manufacturers, and investment firms, giving them tools to define and execute strategies. © 2014 BLUEFIELD RESEARCH, LLC. ADVANCED WATER TREATMENT & DESALINATION Contact Bluefield Research NORTH AMERICA 34 Farnsworth St // Floor 3 Boston, MA 02210 T +1 617 963 5114 EUROPE C/de Santa Eulàlia 5-9 // 3a 08012 Barcelona Spain T +34 617 464 999 sales@bluefieldresearch.com www.bluefieldresearch.com WWW.BLUEFIELDRESEARCH.COM GREENFIELD + WATER = BLUEFIELD

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