The water midstream sector has emerged in the oil and gas industry over the past few years in response to multiple factors, including larger-volume hydraulic-fracturing (fracs) operations, demand for improved capital efficiency and activity in regions with stressed water supplies and limited wastewater disposal options. A trend that is gathering significant momentum is the recycling of flowback and produced fluid as frac water on an unprecedented scale.
XRI Holdings, a leading full-cycle water management and midstream company, strategically acquired Fountain Quail Water Management (FQWM) in early 2019 in order to meet this recycling challenge.