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U.S. oil producers thirsty for cash eye wastewater unit spin-offs

2015-09-11 18:42:35| Oil & Gas - Topix.net

Some U.S. oil producers are trying to sell parts of their lucrative saltwater disposal businesses in a sign that cheap crude is already forcing cash-starved companies to sell assets so oil can keep flowing. Many oil companies rely on outside contractors, which tend to be small, privately-held companies, to inject the briny byproduct of crude production hundreds or thousands feet deep into the earth, well below the water table.

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Category:Energy and Environment

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