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Veolia Capitalizes on Water-for-Fracking Shift

27 August 2015
Research Note

On 19 August 2015, Antero Resources Corporation signed an agreement with Veolia Water Technologies Inc. and Veolia North America to design and build a US$275 million, 60,000 bbl/day centralized wastewater treatment facility in Doddridge County, West Virginia. The company-owned facility will be dedicated to treating and recycling Antero’s flowback and produced water from Marcellus and Utica shale plays.

The contract with Veolia is a two-year design and build agreement with a 10-year operations and maintenance contract. Veolia will deploy its AnoxKaldnes MBBR biological treatment and its CoLD Process technologies. Planned for completion in 2017, Antero anticipates utilization to reach 50% in year one, achieving 100% 36 months thereafter. Construction and emission permits filed for approval.

Takeaways

  • Streamlined water supply chain to shave Antero’s operating costs
  • Long-sought opportunity emerging for water solutions players
  • Brighter spot in upstream oil & gas found in Appalachia

Companies Mentioned

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