Not long ago, frack water made up 2% of the cost of completing a well in the Permian Basin. As the basin boomed, however, those costs skyrocketed to 20%.

The economics are not complex. Demand grew rapidly but supply did not. Now water midstream companies are moving into producing basins to provide upstream producers with both supply and disposal options for their frack water.

This month, Jessica Morales discusses what that growth means for the midstream business as frack water influences a new round of A&D.