NEW YORK ( TheStreet -- Don't believe water companies about fracking.
Traditional water treatment companies are looking at the oil industry as a new source of revenue outside the usual wastewater treatment, but investors should know that breaking into the shale gas produced water market isn't so easy.
These aspiring water companies face a market almost entirely locked up by three companies, a murky profit picture and a changing regulatory environment
"I think a lot of traditional water treatment companies have done very poorly in oilfield water because traditional water companies are not used to water that changes its composition every day," Brent Halldorson, chief operating officer of Fountain Quail Water Management recently told Global Water Intelligence, which provides industry analysis.
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