If you are a producer of shale oil or gas, you will use water to fracture the shale rock to extract it. It’s called hydraulic fracking. So, your main challenge, other than discovering a suitable oil basin, is water. Where do you source it? How do you get it to the site? How do you dispose of it? And how much should it all cost? It used to be all about phone calls, and a lot of haggling. Until we’ve teamed up with a startup that set out to change all that.
By creating an online marketplace we have helped to bring efficiency to the water supply chain all stakeholders can benefit from. Oil producers can optimize their costs by easily identifying the most economical solution, while owners of water and service providers can charge rates determined by the market and maximize their revenue.