A long-standing issue in the oil industry may have a solution. The problem of what to do with produced water from fracking has gone unsolved for nearly 30 years. This water is currently discharged into saltwater disposal wells, which are now mostly filled.

A company, Texas Pacific Water Resources, has announced a solution after investing $50 million. The company plans to treat the water for reuse in fracking, as well as for other purposes. Further details on this development are available from the source, including information on the company's plans for the treated water, such as powering data centers and irrigation for local farmers.

Texas Pacific Water Resources is based in Dallas and Midland.