The US shale revolution unleashed previously unimaginable volumes of oil, gas,…and water. Indeed, of all the products involved in developing unconventional basins, water is perhaps the most difficult to manage. Not only is it required upfront in large quantities during hydraulic fracturing operations, but it is also perpetually needed—in ever-increasing volumes—as more wells come onstream. Essentially, being an oil & gas company in a shale play means becoming a water company as well. How have operating companies and service companies responded? Do now-established best practices in the United States also apply to nascent unconventional plays around the world? How are the capital and debt markets involved in facing the challenges around water? Industry experts representing the producer, service company, and financial points of view will address these questions and more.