Thank you to everyone that participated last week in the 3rd Annual Marcellus Shale Water Business Update in Pittsburgh. It was a productive time with very strong E&P operator participation and support (operators controlling 2/3rds of the Appalachian rig count were represented). Here is a photo gallery.
Up next on the calendar is our 6th Annual Oilfield Water Industry Update conference in Houston this fall. Summer is winding down already, so please go ahead and block off your calendar on Tuesday 10/29/24. Early bird registration is open on the event page here, where you will also find the preliminary agenda that was announced this week. The room is just the right size (about 200 attendees expected), and due to the combination of strong interest and limited space, the sponsorships and seats have sold out in advance every year we’ve hosted.
Here is this week’s industry news & analysis…
News Digest
Agenda Announced For 6th Annual Oilfield Water Industry update In Houston (October 29, 2024)
This fall, a conference of influential oilfield water executives in the prestigious Houstonian Hotel ballroom will help shape the future of the oilfield water marketplace. The preliminary agenda has been released - see more details here…
LandBridge's First Earnings Report As A Public Company
The stock has done great since the IPO several weeks ago, and their earnings report sent it even higher. Surface Use Royalties and Revenue increased 55% sequentially, primarily driven by an increase in produced water royalty volumes from 357 MBbls/d to 628 MBbls/d. Revenue from Resource Sales and Royalties increased 28% sequentially, primarily driven by improved unit pricing on brackish water sales and royalty volumes.
Texas Pacific Land Corporation Announces Second Quarter Results and Another Record Performance From Water Segment
Water Service and Operations segment achieved record performance for the following: Water sales revenue of $40.7 million; Produced water royalties revenue of $25.3 million; Total segment revenues of $68.3 million; and Total segment net income of $34.5 million.
Aris’s Amanda Brock Nominated as 2024 Global Leader of Influence
Hear from Amanda this October at the 6th Annual Oilfield Water Industry Update as she delivers the opening keynote!
New Blank Check Company IPO Raises $350mm To Buy E&P And Midstream Assets From Mature Private Equity Funds
The EQV Group seeks to acquire mature, long-life and low-decline upstream producing oil & gas assets and related midstream infrastructure within the overlooked basins of North America.
Enservco Announces Exit of Colorado Frac Water Heating Business Through Sale of Assets
Enservco announced it has sold to HP Oilfield Services, LLC certain Colorado based assets of Heat Waves Hot Oil Service, LLC, a wholly owned subsidiary of Enservco.
Enservco gets private-equity backing to finalize Buckshot acquisition
Enservco is implementing a strategic repositioning of its operations via the partial sale of its Frac Water Heating business, and by entering the Transportation & Logistics sector via the acquisition of Buckshot.
Coming Around Again - Permian Produced Water Posing Challenges and Offering Opportunities
There’s been another major driver for produced water recycling too, namely, concerns about both deep and shallow SWDs — deep disposal wells regarding their potential contribution to seismic activity and shallow disposal wells for their potential impacts on both seismic activity and nearby production wells.
Texas oil regulator under scrutiny as zombie wells gush back to life
The U.S. Environmental Protection Agency said it would investigate whether to revoke the RRC’s permitting authority for waste disposal wells after Texas watchdog group Commission Shift filed a federal complaint alleging mismanagement.
Produced Water Car Wash Getting Into Gear
Peppers Truck & Tank Wash team will be in Midland next week to meet with clients.
MARCELLUS RECAP: Thank You Equipment & Controls Inc!
Brad Poleski and Blake Madden introduced attendees to ECI!
MARCELLUS RECAP: Thank You Energy Water Solutions
Brad Blakeman spoke on the latest trends and innovations in shale water management.
MARCELLUS RECAP: Thank You Keystone Clearwater Solutions
Informative day today; we spent listening to peers talk about E&P forecasts, lithium opportunities, where water goes when frac’ing slows, disposal and alternatives, lithium, M&A, PFAS, piping, logistics, and much more at the 3rd Annual Marcellus Shale Water Business Update. T
MARCELLUS RECAP: Thank You Tom Tomastik
Tom was an insightful speaker on OH disposal trends...
MARCELLUS RECAP: Thank You Lilac Solutions & Matt Ganser
The panel on lithium was moderated by Lilac's Matthew Ganser.
MARCELLUS RECAP: Thank You Paul Hart & Charlie Crisp
Paul and Charlie shared valuable insights on the M&A & Supply Chain trends panel. Charlie's firm was the kick-off sponsor!
MARCELLUS RECAP: Thank You Rystad & Ryan Hassler
Ryan Hassler with Rystad Energy kicked off the 3rd Annual Marcellus Shale Water Business Update in Pittsburgh!
MARCELLUS RECAP: Thank You HydroEdge (Matt Brewer and Nikolas Kadenas)
HydroEdge was proud to sponsor the Oilfield Water Connection with their very own Nikolas Kadenas moderating a panel on produced water logistics!
MARCELLUS RECAP: Thank You John Cave
John shared valuable insights as Southwestern's speaker on a "final destination" panel!
Oil prices steady after Biden says Iran could refrain from attacking Israel if cease-fire reached
Oil prices jumped earlier this week on Iran-Israel tensions, but have since pulled back as softening demand in China weighs on the market.
Oil demand seeing 'major deceleration' led by China: IEA
Inventories to rise in 2025 even if OPEC+ maintains cuts
Where Are North American Natural Gas Prices Headed? Storage, Weather and Exports Are Key, Says NGI
Natural gas export capacity could explode within months on the Gulf Coast and in Western Canada, a signal for operators to begin ramping up activity. Still, storage is continuing to rise, and weather demand has remained tepid. What does it mean for prices? NGI’s experts have a few answers.
US shale companies produce more crude using fewer rigs
Producers are extending their wells to as much as three miles, squeezing more wells onto a single drilling pad and frac'ing several wells at once, boosting production, according to industry experts and company executives on recent earnings calls.
E3 Lithium to construct demonstration facility Alberta
E3 Lithium owns the Clearwater project, located in Canada’s oil patch between Red Deer and Calgary, where it is testing a direct lithium extraction (DLE) technology to extract naturally occurring lithium from oilfield brines.
Volt Lithium’s Alex Wylie Talks DLE in Global Mining Review
Alex explains that the oil and gas industry plays a crucial role in sustainable lithium supply for clean energy and EV batteries.
LiqTech receives another US-based oil & gas produced water treatment order
The new pilot system is scheduled to be delivered to the customer in the third quarter of 2024 to demonstrate and document LiqTech's unique silicon carbide ceramic ultrafiltration technology in treating produced water to facilitate re-injection and beneficial reuse and meet current regulatory requirements.
Nothing To Do With Oilfield Water... But Interesting Water Tidbit None-the-less
SpaceX repeatedly polluted waters in Texas this year, regulators found
Phoenix Shares Fun Fact about their New Frac Water Pit
It holds about the same amount of water as 25 Olympic size swimming pools. It would have saved the Olympic Committee a lot of time and money if they just had them build one of these and completed all the swimming competitions at the same time.
Moving Oilfield Brine in Extreme Colds
Tiger Calcium Services talks about the need to reheat the brine in order to be able to offload it.
Ranchers reported abandoned oil wells spewing wastewater. A new study blames fracking.
Fracking wastewater, injected underground for permanent disposal, traveled 12 miles through geological faults before bursting to the surface through a previously plugged West Texas oil well in 2022, according to a new study from Southern Methodist University.
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