Atlas Energy Solutions Inc AESI IPO will take place March, 09 on the NYSE exchange under the ticker AESI.

Riley Exploration Permian Inc. has agreed to acquire Yeso Trend oil and gas assets in New Mexico from Pecos Oil & Gas LLC for $330 million.

SitePro is suing a large water midstream firm, claiming that their proprietary SWD monitoring system was responsible for over $1bn in fund raising by their customer and the customer's growth from 2 wells to >60 before their customer transitioned to an internally developed system. As the water midstream firm achieved scale, it felt it wasn't getting the optimization and responsiveness that it needed from the third-party system so an in-house replacement was built, which SitePro alleges cloned trade secrets in a 43-page complaint that is heavy on marketing material and was filed in the US District Court for the Western District of Texas Waco Division a couple weeks ago. This new legal spat highlights a litigation risk to growing midstream firms that transition from deeply embedded third-party IoT systems to solutions built in-house.

“The asset has tremendous production upside potential including low-cost optimization of existing wells, new vertical and horizontal wells, targeting of underdeveloped zones and the implementation of secondary recovery through water-flood. We’re optimistic that together our local partner, we’ll be able to add additional highly prospective targets in the immediate area during calendar 2023.”

Companies run into issues with sampling and monitoring produced water at a given frack pad, perform inadequate treatments, don’t store or dispose produced water properly, and have human-resource related issues such as insufficient safety training.

The Majority Chair of the Senate Environmental Resources and Energy Committee announced last week that he intends to introduce legislation to establish an Independent Energy Office (IEO). The IEO would be established along the same lines as state’s successful Independent Fiscal Office (IFO). The IEO would, like the IFO, be a neutral agency that does not support or oppose the policies it analyzes.

Video interviews with some energy movers and shakers...

According to the North Dakota Department of Mineral Resources, about 380 barrels of produced water was spilled and contained at a location operated by Continental Resources. The state says all visibly contaminated material is in the process of being cleaned up.

The firm formerly known as Greka Oil & Gas has been ordered to pay $65 million after a federal court found gross negligence in a civil lawsuit filed jointly by the United States and California more than a decade ago.

Shell’s new CEO has been Wael Sawan, who said last week that cutting oil and natural gas production is “not healthy” for consumers. What a breath of fresh air!

The researchers at OU have worked on developing produced-water remediation technology for the past 10 years. Produced-water remediation is a process that consists of capturing CO2 from produced water, which is the wastewater produced by oil and gas production. The CO2 can then be converted into building products.

Water recycling firm Infinity Water Solutions LLC is extending a collaboration with a unit of ExxonMobil to improve water use in oil and natural gas activities in the Permian Basin’s Delaware subbasin in New Mexico.

A recently concluded financing effort is funding five customer trials of a water purification technology. One trial will be located in the Houston area while a second trial will be located around Orla near the Texas-New Mexico border.