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Monday, October 18, 2010

Investorideas.com - New Oil and Gas Sources Require Innovation in Water

Investorideas.com - New Oil and Gas Sources Require Innovation in Water

The oil and gas industry produces billions of barrels of toxic water each year; Lux Research assesses companies and technologies that can treat this water

Category: Investment, Water, Energy

Visit this company: www.luxresearchinc.com

Boston, MA – October 18, 2010 (www.investorideas.com water stocks newswire) – Along with the crude oil and natural gas that fuels modern civilization, the energy industry brings nearly 233 billion barrels of wastewater from beneath the earth's surface every year. This so-called "produced water" can contain a variety of contaminants – from oil and grease to chemicals, microorganisms, and radioactive elements, and oil and gas producers need to treat this water before disposal or reuse. In its latest report, Lux Research surveys the challenges and opportunities associated with treating produced water, and identifies which technologies and developers are best positioned to address the task.

Titled "Water Technology Unlocks Future Oil and Gas Reserves," the report provides a comprehensive examination of the different contaminants, treatment technologies, and costs associated with treating produced water, and ranks 33 companies across 15 criteria to determine which are the most likely winners and losers.

"On top of the large volumes of produced water generated from day to day, there is also a great deal of variety in the contaminants from site to site," said Reka Sumangali, an analyst for Lux Research and the report's lead author. "Because of that variation, no technology provides a silver bullet that can treat every contaminant or application. Plus, most regulatory drivers focus on single contaminants; so there is little push to develop a cure-all technology."

In preparing its report, Lux Research interviewed dozens of technology developers and oil and gas companies in order to evaluate the available technologies for treating produced water. Based on these interviews and its extensive database of water industry players, Lux Research ranked and plotted technology developers on a grid measuring two axes: market value and technology value. It applied grids to four application areas: Onshore conventional oil, onshore unconventional oil, onshore unconventional gas, and offshore exploration. Among the report's key findings:

Regulation drives technology deployment. Technology providers and energy companies interviewed by Lux Research all agreed that regulations drive the use of new solutions, but regulations requiring more than basic treatment have not yet been established. That situation, however, is changing as regulatory environments in the Middle East, North Sea, and South America are all becoming stricter.
Accelerating membrane research is leading to new water treatment innovation. A wide range of technologies – including membranes, advanced oxidation, coagulants, and UV disinfection – can address the hydrocarbons, salts, solids, and microbes in produced water. But many of these contaminants can reduce a particular technology's ability to effectively treat other contaminants. One technology area that has seen notable research is ceramic membranes, which are more resilient to hydrocarbons, and easier to clean when fouling occurs.
Corporate partnerships provide the clearest growth opportunities. Partnering with a larger technology developer holds the most opportunity for smaller companies. Those that bring an established Technology or Market value to the table can enable a larger technology provider to extend its treatment train – merging, for example, a membrane company like H2O Innovation, an ion exchange company like Purolite, and an absorbant company like Gradek Energy, Abtech Industries or MyCelx Technology.
"Water Technology Unlocks Future Oil and Gas Reserves," is part of the Lux Water Intelligence service. Clients subscribing to this service receive ongoing research on market and technology trends, continuous technology scouting reports and proprietary data points in the weekly Lux Research Water Journal, and on-demand inquiry with Lux Research analysts.

About Lux Research

Lux Research provides strategic advice and on-going intelligence for emerging technologies. Leaders in business, finance and government rely on us to help them make informed strategic decisions. Through our unique research approach focused on primary research and our extensive global network, we deliver insight, connections and competitive advantage to our clients. Visit www.luxresearchinc.com for more information.

Contact:

Carole Jacques
Lux Research, Inc.
617-502-5314
carole.jacques@luxresearchinc.com

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