This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

EPA Report Finds Fracking Can Cause Water Pollution

NEW YORK ( TheStreet) -- The U.S. Environmental Protection Agency has begun to draw a link between fracking and water pollution.

The EPA began investigating water in parts of Wyoming three years ago and said in a draft report on Thursday that it's found the ground water that had compounds in it related to natural gas production.

"The explanation best fitting the data for the deep monitoring wells is that constituents associated with hydraulic fracturing have been released into the Wind River drinking water aquifer at depths above the current production zone," the draft report said.

Shares of some fracking companies fell Thursday. Chesapeake Energy (CHK - Get Report) shares dropped 5.09% to $24.23 and Devon Energy (DVN - Get Report) fell 4.17% to $63.73.

Water treatment companies have been looking at treating water related to fracking as a potential new revenue stream.

Cameron International (CAM - Get Report), which has cornered more than half oilfield water treatment market, saw its stock slump more than 3% on Thursday.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
SYM TRADE IT LAST %CHG
CAM $53.28 0.26%
CHK $15.27 -0.26%
DVN $67.69 0.27%
AAPL $132.54 0.88%
FB $80.56 0.10%

Markets

DOW 18,267.22 -18.52 -0.10%
S&P 500 2,129.48 -1.34 -0.06%
NASDAQ 5,094.9580 +4.1640 0.08%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs