Mark your 2022 calendars and budgets for the 2nd Annual Oilfield Water Markets Conference! Don’t miss the biggest event of 2022 focused on the business side of oilfield water. Join us in Dallas on March 10-11, 2022. We sold out last year and will likely sell out again, so sign up now to save your seat. Sponsorship opportunities are open on the event website.
And now this week’s news…
Big Marcellus Water Deal
In October 2021, Equitrans and EQT entered into a new 10-year mixed-use water services agreement covering operations within a dedicated area in southwestern Pennsylvania beginning Q1 2022 (replaces a five-year Pennsylvania water services letter agreement from a year ago). The new water services agreement provides for firm water revenue of $40 million per year to ETRN for the first five years, and $35 million per year for the last five years. With the system buildout underway, Equitrans expects water-related capital expenditures of approximately $35 million for the full-year 2021.
Select Energy Services Earnings Report Reveals New Contracts For Rockies Recycling
Recently awarded three year take-or-pay contract for produced water recycling facility in the Rockies for a major integrated oil and gas company, set to be completed during the first quarter of 2022
Tetra Technologies Earnings Report Reveals Pricing Traction In Water
Management said that their Water & Flowback Services Division profit margins benefitted from "pricing improvements from many of our U.S. operations and customers, and profitable market penetration through our integrated water management projects – which reached a record high in the third quarter of 55 projects for 27 different customers. "
HQ Lease Deal / Move For WaterBridge
Houston-based Waterbridge Holdings, which provides water infrastructure services, signed the largest lease, agreeing to move into nearly 35,000 square feet in 5555 San Felipe. The company plans to move its headquarters into the building in the near future after exiting its current offices in Three Memorial City Plaza in west Houston.
Sourcewater Rebrands As Sourcenergy
We started in water and will continue to support and expand our water intelligence capabilities, but the technologies we invented for detecting and tracking water supply chains are also at the forefront of upstream energy and energy transition intelligence.
Permian Water Threat Level Rising Fast – Emergency Order On The Table?
Foreboding datapoints continue piling up in the oilfield water market.
RRC Investigating Earthquakes Near Odessa
RRC deployed two field inspectors to six salt water disposal well sites in the area to inspect operations and another inspector last Wednesday.
Permian Local Press: Big earthquakes ring alarm bells
OAOA: Railroad commissioner, Odessa oilman say immediate action required
Permian Local Press: RRC moves to reduce injections in Culberson, Reeves counties
MRT: Commission cites unprecedented frequency of significant earthquakes
UTPB scientists researching ways to stop seismic activity in the Basin
Since February, there have been seven earthquakes with a magnitude of 3.5 or higher in the Gardendale Seismic Response Area.
All Eyes On Shale Well Cost Inflationary Trends
One of the biggest questions on our contacts’ minds about 2022 is how materials, service, freight, and labor cost inflation will factor into the US onshore E&P business (including OFS pricing).
Antero Midstream Earnings Report Reveals Water Management ESG Stats
84% of total wastewater was gathered, recycled and reused in completions. 100% of fresh water used in completions was transported by pipeline. In combination, this eliminated 32 million truck traffic miles and avoided 14,000 metric tons of CO2e
Exterran Earnings Report Reveals Focus On Operational Opportunities In Strategic Review
"We are currently focused on the operational opportunities we have spoken to that would improve leverage and liquidity. We also continue to evaluate longer-term solutions to help support ongoing project financing."
Hess Midstream Earnings Report Reveals Y/Y Water Volume Dip
Water gathering volumes decreased 4% compared with the year-ago quarter.
Permian Basin source of almost a third of U.S. oil production. Companies capitalize on growth
Permian Basin oil production resurged this year, bringing continued expansion in facilities throughout the region and industry aimed to accommodate the growing operations.
Counting Frac Crews & Rigs By Company
Counting, counting, counting all the crews, one by one they add up!
Up Around The Bend - Midstream Conundrum Threatens Gas Production Growth Long Term
For additional capacity to be built, you need producers or utilities to commit to use it. But Wall Street has drawn a hard line when it comes to capital and environmental discipline in the energy industry and regulatory approvals can also be an uphill battle.
Federal Judge Vacates Trump EPA Rule to Streamline State Water Quality Approvals
In a move that favors greater state influence over permitting for natural gas pipelines, a California federal judge has vacated a Trump-era U.S. Environmental Protection Agency (EPA) rule designed to streamline Clean Water Act (CWA) approvals.
Oasis Petroleum Inc. Announces Oasis Midstream Partners to Merge with Crestwood Equity Partners
Oasis Midstream Partners has entered into a definitive agreement under which it will merge with Crestwood Equity Partners.
Diamondback braces for 10% price shock in shale sector
Shale driller Diamondback Energy Inc. is bracing for a 10 percent jump in costs next year amid supply-chain snarls rippling through the oil industry.
Feds move forward with sale of southeast New Mexico public land to oil and gas industry
The sale offered five parcels of land on about 520 acres in Lea and Chaves counties.
10% Upside To Rig Count In 4Q21 E&Ps Say
Survey Says... rig count headed higher by Christmas.
SLO County debates its authority over Arroyo Grande Oilfield as it gives go-ahead to expand
The Board of Supervisors waited six years to hear the Center's appeal in order to let the U.S. EPA first decide whether to exempt the below-ground aquifer—where oil wastewater is injected—from the Safe Drinking Water Act. In 2019, the EPA ruled that the aquifer between Pismo Beach and Edna Valley did not hydraulically connect with any current or future source of drinking water, and therefore it could legally serve as a wastewater injection site.
Produced-Water-to-Ag-Water Solution Competing for $250K Seed Money
Out of more than 100 applicants, five agtech start-up companies have been selected to go head-to-head in the Western Growers/S2G Ventures 2021 AgSharks® Competition to win a $250,000 minimum investment and potential access to farm acreage to pilot their technologies.
ConocoPhillips makes $2.4B in third quarter
ConocoPhillips profits grew in the third quarter as coronavirus vaccines lifted economic activity and crude demand, bolstering the oil giant’s bottom line.
A New Recipe for Friction-Reducer Suppliers: Polymer Plus Frac Water, Minus the Cost
Mixing dry polymer powder and water to make friction reducer as needed during fracturing can cut the cost of the additive and the testing of whether a drastically simplified recipe performs as well as more-complex mixes.
Clarksburg residents attend Drinking Water Testing Program to learn about drinking water safety
Before the local issue, Director of Water Security and Science at WVU Jason Hubbart, Equitrans Midstream Foundation, and WVU Extension Service created a program to educate West Virginians about the different water systems in the state and how they work.
Video of a Produced Water Containment Liner Project
Two-minute. Time-lapse video of an install.
Nearly 21,000 Gallons of Produced Water Spills
A produced water spill was reported in Billings County.