Perspectives: Opinions from our network of advisors, investors, operators and analysts on the risks and opportunities they see.
Eliecer Palacios is the head of North America Business Development & Principal Investments at LUKOIL Pan Americas, LLC. He is a seasoned investment professional with over 15 years of experience in origination and structuring of public and private transactions across in the natural resources sector.
Water management is a growing industry in the United States, primarily driven by the rapid increase of shale drilling across multiple geological basins. For every barrel of oil produced, there are between three and five barrels of water produced that need to be recycled or disposed, according to an industry report by Total. Some of this water is injected back into the oil reservoirs to increase well pressure; the remainder must be treated and subsequently disposed following strict environmental guidelines.