In case you missed it, we posted an important March 10-11, 2022 conference update yesterday here.
In it, we mentioned the exciting news that Texas Tech’s Texas Produced Water Consortium will be a supporting organization at the upcoming Oilfield Water Markets conference in Dallas just 60 days from now. To help connect folks from academics and industry, we’ll be hosting Texas Tech water in energy students and professors at our conference, and you’ll be able to meet these bright young minds when you check in at the registration desk!
We look forward to seeing you in person at the event for the biggest networking and knowledge sharing opportunity in the shale water management business this year.
Now here is this week’s industry news…
A Forgotten Oil Well Births a 100-Foot Geyser in West Texas
We flagged this geyser in the previous edition of the Oilfield Water Weekly. Now Texas Monthly is writing about it: "the salty water spewing high on a Crane County ranch could be a sign of a “whack-a-mole” future in the Permian Basin."
Rystad Analysis: Bracing for a flood, US shale set to treat less produced water despite earthquake boom
Even though total produced volumes are projected to hit new record highs in the coming years, treated water is expected to be comparatively lower than in the past, despite water disposal practices increasing oilfield seismic activity, with earthquakes nearly doubling in West Texas alone in 2021.
Big Permian Midstream Cash Deal: Enterprise Buys Navitas For $3.3BN, Boosting Natural Gas Pipeline Network
Enterprise Products Partners has agreed to acquire Navitas Midstream Partners (from Warburg Pincus) for $3.25BN in cash.
Shaky ground: Texas Railroad Commission takes much-needed stand on oilfield earthquakes
On the cloudy afternoon of Dec. 15, I was in Houston speaking to a colleague on the phone in Midland when a 3.6 magnitude quake shook the oil-rich town. She nearly fell out of her chair, quickly ending the conversation by saying, “I need to check on my children.” It was one of 15,000 earthquakes to hit West Texas’ Permian Basin in the last five years.
CarboNet And SEEPEX Announce Strategic Partnership To Recycle Water
CarboNet and SEEPEX are joining forces to deliver our unique chemistry through SEEPEX programmable, intelligent metering pumps—for performance like never before.
March 10-11, 2022 Conference PLATINUM Sponsor Spotlight: B3 Insight
The team at B3 has been hard at work for over two years building the next generation of their platform, OilfieldH20 3.0. It’s a major, from-the-ground-up overhaul with thousands of man-hours invested in new data collection, cleaning, restructuring, and analysis to provide solutions that drive the oilfield water industry forward. OilfieldH20 3.0 incorporates time series data to understand the complex lifespan of disposal wells – when wells were active, when ownership changed, and how pressure and capacity have evolved. Check it out!
Milestone Environmental Inks Deal On Disposal Capacity
Milestone Environmental Services has acquired an energy waste disposal facility in Center, Texas, along with two additional permits for energy waste landfills in Texas.
WATER TALENT POOL: Evan Tikka Joins Milestone From Wood Mac
Congrats to Evan, a knowledgeable speaker at our events in the past, on his new role as Senior Associate at Milestone.
Continental Begins Permian Drilling Program On Newly Acquired Acreage
So it begins… writes a drilling superintendent at Continental Resources as the operator gets busy on their newly acquired (from Pioneer) Delaware Basin acreage in the New Year...
OFS Jobs Rise in December Despite Cooling U.S. Job Market
Employment in the U.S. oilfield services and equipment sector rose by an estimated 7,450 jobs in December, despite the slow hiring in overall U.S. jobs, according to preliminary data from the Bureau of Labor Statistics (BLS) and analysis by the Energy Workforce & Technology Council. Gains were made in oil and gas extraction, as well as machinery manufacturing.
WATER TALENT POOL: XTO Hiring Procurement Specialist In Midland
Great opportunity to join XTO’s Procurement team in Midland, Texas!
WATER TALENT POOL: Surge Adding To Production Engineering Team
The E&P just posted a new job opening for a Production Engineer.
VIDEO: Breakwater Energy Partners Works To Reduce Basin Seismicity
Jason Jennaro, the company’s CEO, says in a video interview that the company is doing its part to help quell the number of earthquakes in the Permian Basin.
PODCAST: Brent Halldorson on The Energy Strong Podcast
Brent educates the team on produced water, the current state of recycling technologies, and what he sees as the biggest challenges and opportunities for produced water management.
Everybody Is Talking Up 2022 – First The Pumpers, Then The E&Ps, Now The Drillers… Who’s Next?
Who’ll raise their hand next to talk about how business is booming? Other pumpers? Other E&Ps? Frac sand and water firms got a pulse? Rising tide is lifting all boats now…
Arizona Governor Calls For $1 Billion Water Plant In State Address
Gov. Doug Ducey on Monday proposed setting aside $1 billion to remove the salt from sea water and bring it to Arizona, a major legacy project as he enters his eighth and final year in office.
Nebraska Turns to 1923 Deal to Build Canals in Colorado so Water Flows to Nebraska
Nebraska Gov. Pete Ricketts announced a plan Monday to build canals along the South Platte River in Colorado under a 1923 compact between the states to allow water flow to Nebraska.
Repsol Acquires Marcellus Assets in Rockdale Bankruptcy
Repsol SA is bolting on acreage in the Marcellus Shale after successfully bidding for 43,000 net acres in Northeast Pennsylvania in a bankruptcy auction.
Permian E&P Operators Begin 2022 With A Cheery Disposition
Not surprisingly, Permian E&P comments at an investor conference last week carried positive undertones. Here's a roundup of important points about 2022 from multiple leading E&P operators...
Frozen oil field equipment leads to salt water spill in Williams County
Approximately 11,300 gallons of brine, a highly saturated salt water, spilled onto a well pad Thursday after equipment froze.
2022 Shale Well Cost Inflation Expectations Are Too Low [Chart Of The Day]
Various oilfield-specific service and supply market categories are tightening and heating up as E&P budgets resets with the new year, adding their own price increases to the broader inflationary trends that oilfield customers have been dealing with for the better part of a year.
A Watershed Moment That Could Send Oil Prices To $100
Ninepoint Partners' Eric Nutall: oil prices could reach $100 per barrel in structural multi-year bull market
Evoqua completes purchase of Minnesota company
Evoqua Water Technologies, a mission-critical water and wastewater treatment solutions company, recently closed on its purchase of a renal business operated by Mar Cor Purification and Cantel Medical.
Is It Time For Big Oil To Split Up?
Activist shareholders around the world are attempting to make oil majors split their fossil fuel businesses from their renewable energy businesses
Gasoline prices rise as oil rebounds
The average price of gasoline in Houston rose about a penny over the last week to $2.78 a gallon, down 7 cents from a month ago. Local gasoline prices are 85 cents a gallon higher than a year ago.
Permian Trucking Shortage Improves 20-50%. Now A Big Freight Rate Reset Is Underway
On a scale of 1-10, with 10 being the worst moment in last mile market conditions last week, how bad is the trucking situation on Tuesday morning 1/11? Read on to find out!