Happy New Year 2022!
Here is this week’s industry news…
Latest quake in top U.S. oilfield to hike scrutiny of drilling waste injections
A magnitude 4.5 earthquake that rattled the Permian basin in Texas on Monday night is likely to add pressure on oil producers in the region to slow or stop underground wastewater injections that regulators believe may cause the tremors.
Eyewitness In Midland On Monday "Noticeable Shaking Of Indoor Objects"
Jim Russman writes: "We just had a 4.3 quake rattle Midland. Centered just east of here. Definite “noticeable shaking of indoor objects” where I sit."
New Mexico water managers bracing for another dry winter, spring
New Mexico came into 2021 owing Texas about 96,000 acre-feet of water, and despite the district’s best efforts, the debt has grown by 25,000 acre-feet because river flows remained lower than expected during the monsoons.
2022 Conference Sponsor Spotlight: RWI [Gold+Case Study Callout]
RWI designs and builds highly efficient wastewater evaporator systems, serving all types of water including produced water. RWI’s PittBoss™ evaporator doesn't require a pump or nozzles making it essentially maintenance free, and RWI solutions address a hot topic in today’s oilfield water market: seismicity. RWI’s evaporators can slash downhole volumes, mitigating pressure on downhole formations. And the company is adding another Best Management Practice to solving problems associated with inducing seismic activity in previously inactive faults.
More Quake Coverage: USGS reports 4.5 magnitude earthquake north of Stanton
Multiple viewers across West Texas reached out to NewsWest 9 saying they felt the quake.
More Quake Coverage: 2nd Strongest WTX Quake In A Decade, MRT Says
This is the second strongest earthquake in West Texas in the last 10 years, MRT news reported.
More Quake Coverage: USGS Map Page For The Midland Quake Making News This Week
4.5 Mag right on top of Stanton SIR
O&G Fuels Texas Economy
15 counties in the Eagle Ford and Permian accounted for 85% of all state severance (oil and gas production) taxes generated in Texas during the 2021 fiscal year. That's $4.4 billion of the entire $5.2 billion collected!
Permian Basin Economic Impact Infographic
$66.3 billion of gross sales (+33% in past decade)...
Mark Patton Writes: Calling A Transition From Fresh To Brackish Water "Sustainable" Is Greenwashing...
Mark Patton: "Produced water is generated at a rate three times more than is utilized in well completions. The goal should be using 100% produced water for completions. I understand landowner restrictions, logistical issues and long-term brackish water supply contracts may impact the accomplishment of this goal, but calling a transition from fresh to brackish “sustainable” is greenwashing."
Nice Milestone For Aureus - An Oilfield Water Success Story
The 10 year anniversary of Aureus First job with Unit # 101 came a week ago. Aureus teams have innovated over the years, from a single, diesel burning frac water heater to one of the largest natural gas frac fluid heating companies in North America.
Infill Thinking’s Top 21 Market Intelligence Updates Of 2021
Scrolling these headlines, cutting edge insights stand out
Oil prices are headed beyond $80 in 2022: analyst
The renewed vigor in oil prices of late is only just the beginning, contends veteran industry analyst Phillip Streible of Blue Line Futures. Streible thinks oil prices are at risk of hitting $60 in the near-term due to an Omicron-related demand slowdown. But that will likely prove to be a buying opportunity in front of a "long-term" rally in 2022.
EU Natural Gas Prices Tumble For Fifth Straight Day
Prices have been on a steady decline even though Gazprom has continued to shun booking export capacity on the Yamal-Europe pipeline for the eighth day in a row
Pioneer Natural Resources Completes Divestiture of Delaware Basin Assets
Pioneer Natural Resources Company announced that it has completed the previously announced divestiture of its Delaware Basin assets to Continental Resources for cash proceeds of $3.1 billion after normal closing adjustments....
A Look At Big Oil’s Spending Plans For 2022
“Companies will allocate more capital to upstream decarbonisation. Value accretive solutions, which increase product sales, will continue to lead the way, but CCS projects will gain momentum and attract new participants,” Wood Mackenzie’s McKay said in WoodMac’s Global Upstream Outlook 2022.
Interesting Survey: Fastest Growing Big Picture Water Market?
Desalination, Water Reuse, or Rainwater Harvesting?