We welcome two new advertisers in today’s edition – thank you XRI and TruClear Water Solutions who join Tetra Technologies in making this newsletter possible. Also a warm welcome to quite a few new sponsors that have recently signed up for our May 2023 conference (current sponsors are recognized on the event website here and in the image below).
The conference is now four months out and already half of the exhibit hall is full. With this much interest this early, it will be a very strong event and enjoyable and productive for all. If your firm is not yet signed up to participate, let’s chat – just reply to this email and we’ll point you in the right direction as some great opportunities for visibility are still available (last year we did have a completely full exhibit hall, so don’t delay getting involved!).
Here is this week’s industry news & analysis…
News Digest
Texas is giving away revenue and taking New Mexico’s waste
In West Texas, there’s a toll-free superhighway for “produced water.”
XRI Celebrating 10 Years Of Leading Industry’s Evolution, Innovation, And Sustainability
Reflecting on 10 years of continued growth, Matthew Gabriel, CEO of XRI said, “I am very proud of what we as a team have achieved over the last decade, and I thank everyone who has accompanied us on our journey thus far – our dedicated and talented employees, our longstanding customers, and our partners and communities."
Earthquakes rattle Permian shale cost discipline
A recent spike in earthquakes in the US Permian basin of west Texas and southeast New Mexico is drawing renewed scrutiny to wastewater disposal methods from shale operations, adding another potential layer of costs for producers.
EPA Proposes To Add Environmental Justice, Climate Change, And PFAS To National Enforcement and Compliance Initiatives For FY 2024-2027
The U.S. Environmental Protection Agency (EPA) announced it is seeking public comment on its proposal to address environmental justice, climate change, and PFAS contamination in its National Enforcement and Compliance Initiatives (NECIs).
Ohio Legislature Approves Nat Gas As "Green Energy" Opening New Appalachian Opportunities
Ohio just approved legislation which defines Natural Gas a "Green Energy" which offers tax credits and they are opening up State land for exploration and development.
Encore Green Shares A System Milestone
Company management shared a progress video on their Nomad Excel solution.
Big Deal In Broader Water: Xylem To Acquire Evoqua in $7.5 Billion All-Stock Transaction
Creates Transformative Platform to Address World’s Most Critical Water Challenges
Oil company goes to court with Intrepid Potash over freshwater sales in Permian Basin
Intrepid Potash contended an alleged breach of contract could cost the company millions of dollars in water sales.
Barnett Shale targeted as Permian operators move into new plays
“We’ll see a lot more Barnett and Mississippian drilling permits going forward as the Permian Wolfcamp inventory matures and natural gas prices recover,” Pruett predicted.
Chesapeake Sells 90% of Eagle Ford Assets to WildFire for $1.4B
Chesapeake Energy announced it has cut a deal to sell the majority of its Eagle Ford oil assets to WildFire Energy I LLC for $1.425 billion. The sale includes approximately 377,000 net acres and approximately 1,350 wells in the Brazos Valley region of its Eagle Ford asset, along with related property, plant, and equipment.
The Bureau of Economic Geology at The University of Texas at Austin Joins the Texas Water Journal Partnership
Beginning with the first article in 2023, the Bureau will work with the Texas Water Resources Institute at Texas A&M University and the Texas Water Journal to publish the Texas Water Journal.
Testing the Waters: New Tech Aims to Clean Oilfield's Produced H2O
From nanoparticles to air bubbles, the University of Texas Permian Basin’s Texas Water and Energy Institute is analyzing data to potentially find a home for water produced during oil production.
Water solutions for the future – an industry perspective
Because the prosperity of growing cities and the environment are interlinked, it is crucial that public and private sector stakeholders come together to find next-level solutions on water management challenges, says Frank Janssens, Vice President, KROHNE Middle East and Africa.
SWD For Sale
Commercial Salt Water Disposal Well (SWD) located on highway 285 in Eddy County, New Mexico just 4.3 miles North of the Texas border. This is a Devonian well injecting from 14,800' - 15,800' TVD.
A Brief Guide to Water Management in Oil and Gas [3-minute video primer]
Video primer on water's role in drilling, fracing and production...
Oil, Gas Production Across Shale Plays Expected to Rise in February
Oil and natural gas production across the Utica and Marcellus shale plays is expected to increase, according to a new report by the EIA.
Lower 48 Natural Gas, Oil Permitting Rebounds in December, Led by Texas and Wyoming
U.S. natural gas and oil drilling permit activity ended the year surpassing expectations, climbing 13% in December or up by 389 permits from November, according to Evercore ISI.
Permian Basin oil and gas output reaches new stage of maturity
Pioneer CEO Scott Sheffield said companies are running out of inventory and are now looking at their inventory of Tier 2 and Tier 3 drilling locations.
“Get Out of Our Own Way” to Unlock Energy Potential, Labor, Business Leaders Say
Regional community, business and labor leaders are excited about the benefits that Pennsylvania’s abundant resources generate but concerned that permit delays and regulatory challenges may diminish opportunities.
Op-Ed: Working together for a better and brighter Pennsylvania
As the new Shapiro administration and General Assembly begin the people’s work, Pennsylvania’s energy industry remains an eager, engaged and solutions-focused partner and resource for our policymakers. After all, access to affordable and reliable energy – in addition to a cleaner environment, a stronger economy and a more secure nation should be goals shared by all.
Acting FERC Chair Willie Phillips Will Tackle New Pipe Policy
Acting FERC Chairman Willie Phillips struck a conciliatory tone in his remarks, saying his strength is in consensus-building. He’s about to put that strength to the test.
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