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NGL Energy Stock Surges on Nuclear-Powered Water Recycling Deal

NGL Energy shares climbed 9% in premarket trading Tuesday after the company announced a collaboration with nuclear developer Natura Resources. The partnership will combine Natura’s small modular reactor (SMR) technology with NGL’s desalination expertise to recycle oilfield wastewater in the Permian Basin.

The partnership targets the massive volume of "produced water" generated during hydraulic fracturing. NGL Energy currently treats and disposes of more than 3 million barrels of wastewater per day across the shale fields of West Texas and New Mexico. By integrating Natura’s molten-salt reactors, the companies aim to turn this byproduct into a viable water source, potentially reducing the industry’s reliance on local freshwater supplies.

Decarbonizing the Oil Patch

Natura Resources utilizes a liquid fuel made with molten salt, offering a compact energy source designed for industrial sites. This technology provides the high-intensity heat required for desalination without the carbon footprint of traditional power sources. According to the joint announcement, the venture could provide a blueprint for sustainable water management in high-production regions like the Permian Basin.

Market response to the deal was immediate, with NGL shares rising to $13.30 before the market open. The move reflects a broader pivot among energy service providers toward advanced nuclear solutions to solve logistical and environmental bottlenecks in the shale sector.

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