Oilfield Water Weekly
Wednesday October 13, 2021
175+ business leaders from shale water midstream gathered at the Houstonian on Friday at our latest conference. It was a phenomenal conversation that sets the tone for oilfield water through early-2022. Now is such an important time in produced water, and the sector’s top minds and firms who are committed to advancing water management in the right direction were all in the room to talk about new risks, opportunities, commerce, deals, regulation, and debates swirling around the water molecule.
Photos have just been posted to the event website.
We want to take a moment to thank all the great speakers, recognize the sponsors (events like this don’t happen without sponsor support), extend our thanks to all attendees (panel Q&A was very active and the sidelines were happening) and finally also thank The Houstonian Hotel staff who were awesome!
Now is the time to make plans to attend our next event, which will be about double the size and span two days in DFW (March 10-11, 2022). Details and online registration are on the website here…. see you then!
And now this week’s news…
Produced Water Risks & Opportunities Abound As Deal Flow Increases [OWC Event Takeaways]
Last week, we joined 175 senior oilfield water industry professionals at the 3rd Annual Oilfield Water Industry Update conference at the Houstonian. It was a full house and a full discussion – there are lots of moving pieces and interest in water midstream right now amidst the sector’s first IPO and a big regulatory crackdown.
We Had a Full House at the The Houstonian!
Great turnout for the 3rd Annual Oilfield Water Industry Update!
Pricing Imminent In Aris Water Solutions IPO
Last Week, Aris Water Solutions, Inc. announced that it has launched an initial public offering of 17,650,000 shares of its Class A common stock at an anticipated initial offering price between $16.00 and $18.00 per share.
Apache Releases Sustainability Report
"After many weeks worth of work, APACORP's 2021 Sustainability Report is available on the corporate website."
Webinar: Update on Water Midstream & Potential Issues in the Mid-Con & Permian
November 1 webinar featuring Caitlyn Jackson with Lagoon Water Midstream.
Oil Boom 2021: The Time For Artificial Constraint Is Over
Globally, the predictable consequences of years of under-investment in the finding and development of major new oil and natural gas resources and premature mothballing of power plants fired by coal and natural gas are just now beginning to rear their ugly heads.
Increased New Mexico earthquakes likely tied to oil and gas industry
Earthquake activity has increased dramatically in southern New Mexico likely due to injection wells in the Permian Basin. These are used to store wastewater that comes is produced during oil and gas drilling. Jerry Redfern covers the industry here for Capital & Main and he broke that story.
Rise in New Mexico earthquakes likely triggered by oil industry’s wastewater injection wells.
Vulnerability of Groundwater Resources Underlying Unlined Produced Water Ponds
In a peer-reviewed study, scientists at PSE Healthy Energy examined the effects of unlined produced water ponds on groundwater resources in the Central Valley’s Tulare Basin.
Halliburton Sings 5F’s Praises; Says Net Pricing Is Back In Frac
Halliburton’s 3Q21 conference call on Tuesday morning both kicks off and sets the tone for this OFS earnings season. The largest pressure pumper’s market perspective has implications for all frac and frac supply chain participants.
Scout Energy Management reports spill in Billings County
Scout Energy Management LLC reported Friday that 800 barrels of produced water were released due to a valve failure. All product was contained on-site. At the time of reporting just over 700 barrels of produced water had been recovered.
Summit Midstream Partners, LP Announces Pricing of Private Offering of $700 Million Senior Secured Second Lien Notes
Summit Midstream priced a private offering of $700,000,000 aggregate principal amount of 8.50% Senior Secured Second Lien Notes due 2026 at a price of 98.5% of their face value.
Permian & Eagle Ford Permitting Trends Suggest Strong Finish To 2021
It’s that time of year again when the seasonal slowdown around the holidays / year-end is top of mind. With WTI over $80/bbl and gas over $5/mmbtu, rig count has steadily risen and US land drilling was up another 9 rigs this week.
Rig count jumps as oil rolls past $80 a barrel
The rig count rose to 543, up from 282 rigs operating a year ago and the highest since April 2020.
The U.S. Shale Industry Desperately Needs To Drill
While U.S. shale companies have been eager to please investors by cutting costs and returning money to shareholders, these companies now need to drill to maintain production.
Lower 48 Oil, Natural Gas Production to Rise in November as DUC Drawdown Continues
U.S. onshore oil and natural gas production is set to rise from October to November, propelled by supply growth in the Permian Basin and Haynesville Shale, according to updated projections Monday from the U.S. Energy Information Administration (EIA).
WATER TALENT POOL: Carbonet Hiring - Lab Manager
Looking for a Laboratory Manager for their research and development team.
WATER TALENT POOL: Carbonet Hiring - Chemist
Looking for a Senior Analytical Chemist for their research and development team.
Diamondback VP Named to Energy Reliability Council
Midlander Danny Wesson, vice president of Operations at Diamondback Energy is one of five people appointed to the Texas Energy Reliability Council by the Railroad Commission.
UTPB Engineering School Supports Permian Basin Economy
Research projects benefit not just oil and gas industry but efforts to diversify economic base.
UTPB Provides Workforce Solutions in this Energy Epicenter
At the academic heart of this revitalized area sits the University of Texas Permian Basin — which, every year, delivers smart, savvy leaders into the communities of the Basin and across the U.S.
Rattler Midstream Sees Significant Decrease in Short Interest
Rattler Midstream LP (NASDAQ:RTLR) was the recipient of a significant decrease in short interest in September. As of September 30th, there was short interest totalling 153,800 shares, a decrease of 20.5% from the September 15th total of 193,400 shares.
Trucking Is Emerging As The Most Concerning Chokepoint To Shale Growth Through 1Q22
Labor is short. Everywhere. Supplies are short too. Much like in the broader economy, we hear chatter about a different random item running out in shale every other week or so these days. Here lately, sourcing FR has been a big issue for some. But the king of fearful chokepoints as we think about the outlook for the frac count ramping up into March of 2022 is trucking.
Encore Green Environmental Appoints G-Force as the Re-Furbishing Partner for NOMAD Excel
Encore Green Environmental names Texas based G-Force to re-furbish the legacy Nomad water treatment technology units to become the improved NOMAD Excel™. Encore Green is an agriculture company dedicated to applying by-product water to beneficial use for agriculture and carbon sequestration.
White Paper Finds No Evidence Of Elevated Threat To Human Or Crop Safety From Use Of Oil Field Produced Water To Irrigate Crops
California Regional Water Quality Control Board, Central Valley Region published a Food Safety Project White Paper on the use of oil field produced water for food crop irrigation. The White Paper did not find any evidence that using produced water for irrigation creates an elevated threat to human or crop safety.
Weld County oil spills for Oct. 13
The following spills were reported to the Colorado Oil and Gas Conservation Commission in the past two weeks.
Water Recycling Strengthens Permian
Recycling produced water is one way for operators to achieve both financial and environmental goals. According to completion consultants and water management experts, this reality has supported technological innovations that enable operators to transform more produced water into effective completion fluids.
Texas Pacific Land Corporation Sets Dates for Third Quarter 2021 Earnings Release and Conference Call
Texas Pacific Land Corporation (NYSE: TPL) (the “Company” or “TPL”) announced today that the Company will release third quarter 2021 financial results after the market closes on Thursday, November 4, 2021. A conference call will be held on Friday, November 5, 2021 at 7:30 a.m. Central Time.
Halliburton posts $236M profit in third quarter
The Houston oil-field services giant on Tuesday said it made a $236 million profit in the three months ended Sept. 30, compared with a loss of $17 million a year earlier. Revenue grew by almost 30 percent to $3.9 billion, up from almost $3 billion a year earlier.
New Port of West Virginia Moves Forward
Big plans include offloading breakbulk shipping containers, dry goods, aggregate sand & liquids as well as facilities for frac water & wastewater treatment.