Oilfield Water Weekly

Wednesday February 23, 2022

In just two weeks, the biggest oilfield water business event of 2022 will be kicking off – will you be there?

Join the in-person March 9-11 Oilfield Water Markets Conference to experience:

  • 3 co-located events: Oilfield Water Connection Main Event, B3 Insight Ripple Effects Summit (invite only), Permian Basin Water Management Council Meeting (invite only)
  • 50+ executive-level speakers talking from the big stage (including a dozen E&Ps and a dozen top water midstream executives)…
  • …mostly in fireside chat panel format (actionable content, not canned presentations)
  • heavy E&P participation
  • a conference backed by 45+ sponsors featuring over 20 exhibits and demos
  • face-to-face interaction during plenty of networking breaks and receptions with 300+ water pros (there is no virtual component, so you gotta be there!)
  • 5-star venue / accommodations Downtown Dallas

What more can you ask for! Got your seat reserved yet? They are going fast…

Conference website: https://oilfieldwater.com/owmarkets2/

Now here is this week’s industry news…


News Digest

CarboNet Raises $7.6 Million in Financing to Accelerate Growth in Novel Water Technology

Congrats to the CarboNet team, a gold sponsor at the fast approaching 2nd Annual Oilfield Water Markets Conference. Come chat with them about what this means for their platform at the event! CarboNet announced it has received $7.6 million ($6 million USD) in debt financing to fund working capital needs to support CarboNet's steep growth trajectory, and to support the launch of its new class of chemistry to new markets.

Select Energy Services Stock Surges On Earnings Report

The stock was up 8% Wednesday morning... from the earnings release: "Through the combination of Complete, Agua Libre, HB Rentals and Nuverra, we will have added nearly $300 million of incremental annual run-rate revenue to the business since the beginning of the third quarter of 2021 through M&A." You can see the company's COO Michael Skarke speak on March 10th at the conference in Dallas...

Companies face penalties for well violations in New Mexico

The Oil Conservation Division said Tuesday that the civil penalties include more than $2 million against XTO Permian Operating for violations at four wells...

We’re Getting The Band Back Together

Check out this extraordinary list of 115+ companies coming to the 2nd Annual Oilfield Water Conference in a couple of weeks!

WATER TALENT POOL: New Water Superintendent At Conoco

Mark Holly is starting a new position as Water Superintendent at ConocoPhillips.

WATER TALENT POOL: Water Resources Manager At EOG Resources

Tom McCormick is promoted to Water Resources Manager at EOG Resources.

Earthquakes in Texas doubled in 2021. Scientists cite years of oil companies injecting sludgy water underground.

Scientific studies show that the spike in earthquakes is almost certainly a consequence of disposing huge quantities of contaminated, salty water deep underground — a common practice by oil companies at the end of the hydraulic fracturing process that can awaken dormant fault lines.

Frackers Push Into Once-Dead Shale Patches as Oil Nears $100 a Barrel

Oil producers drill in less-desirable areas like Anadarko Basin of Oklahoma and DJ Basin of Colorado, where activity virtually stopped during pandemic

Podcast: Interview with Joe Quoyeser, Former Interim CEO of University Lands

Joe talks about flaring and oilfield water.

Podcast: Oklahoma Secretary of Energy and Environment Talks Water

Reflections on Water podcast talks energy transition, hydrogen, and impacts on the water sector.

Behind the deal: Crestwood eyed Oasis Midstream for years before acquisition

The merger of the two Houston-based master limited partnerships closed earlier this month, creating a company with an estimated value of $6.9 billion, according to Crestwood.

New Mexico's oil and gas wastewater reuse experiments to begin in 2022

After more than two years of experiments New Mexico still hopes oil and gas wastewater could be re-purposed outside of the industry for uses like watering crops.

Investigative report questions study that claims oilfield wastewater could safely irrigate fields

In 2018, The Central Valley Regional Water Quality Control Board commissioned a study to determine whether the wastewater produced during petroleum extraction could be used to safely irrigate fields. The study was prompted by concerns from legislators and the public after learning that the water that surfaces at oil and gas wells, called produced water, had already been pumped for decades to a water district north of Bakersfield, where it had been treated and blended with fresher water before being provided to growers for irrigation.

Chemists discover a range of environmental contaminants in fracking wastewater

As companies that drill for oil and natural gas using hydraulic fracturing consider recycling and reusing wastewater that surfaces from wells during the fracking process, chemists at The University of Toledo discovered that the new and unexplored waste contains many environmental contaminants including organic chemicals and metallic elements. This is news?

Energy Department plans to extract rare earth minerals from fossil fuel waste

The Department of Energy announced plans to build the nation’s first-ever facility to extract rare earth minerals from fossil fuel waste, an effort that could be transformative in powering clean energy technology in the United States.

Treating Produced Water At 15 Degrees [Visual]

What treating produced water looks like when it’s 15 degrees outside

OWL Facility Startup News

OWL starts operations at upgraded Javelina Recycling Facility...

When the World Deals you Lemons, Make Lemonade

Or, when you get a lot of snow and ice, make frac water....

B.C.’s CarboNet ready for ramp-up after cleaning 100b litres of Texas wastewater in 2021

Amielle Lake recalls her cleantech firm issuing its first invoice in the oil fields of Texas in March 2020, just as oil prices began cratering.

Even at $150 Oil, Pioneer Natural to Maintain 0-5% Production Growth, CEO Says

Pioneer Natural Resources Co. will limit its net annual oil production growth to 0-5% even if the oil price hits $150, a possibility that CEO Scott Sheffield is not ruling out.

Rig count jumps again as Big Oil taps high prices

The U.S. rig count climbed again this week, though the jump was less drastic as oil prices backed off of last week’s highs.

How businesses are investing in #Colorado’s #water future — GreenBiz

From small businesses to Fortune 500 companies, it’s clear that companies of all shapes and sizes want to operate, expand and invest in the Centennial State. The high quality of life is no secret, and it remains a top reason why Colorado has had one of the fastest growing populations over the past decade. However, with growth comes added stress on its infrastructure. And one area where this is most apparent is the state’s blue infrastructure: water.

Thank You Velocity Water Solutions - This Year's Journal Sponsor

Thank you Velocity Water Solutions and Taylor Turner, this year's journal sponsor at the fast approaching 2nd Annual Oilfield Water Markets Conference - March 9-11 in Downtown Dallas. The notebooks have arrived in the staging area and they look great!

Haaland: 16 tribal water settlements will get $1.7 billion

The Biden administration will use $1.7 billion from the recently enacted federal infrastructure bill to fund 16 tribal water rights settlements, U.S. Interior Secretary Deb Haaland announced Tuesday.

Technical Webinar: Minimizing Wellbore Damage While Maximizing Production

Select Energy Services is hosting a technical webinar focused on better water chemistry.

White Sand, Wet Sand, Railed Sand, What Sand?

Frac sand is very very tight in Texas, to the point where customers are pumping anything suppliers can deliver with much less scrutiny on quality and type of product...

Navitas Deal Complete

Houston pipeline giant Enterprise Products Partners completed its previously announced acquisition of Navitas Midstream Partners for $3.25 billion, entering one of the most prolific parts of the Permian Basin.

Equitrans Midstream Announces Full-Year and Fourth Quarter 2021 Results

Entered into a new 10-year water services agreement with largest customer

Biden’s Energy Policy: A Destructive Plan That Has Made All Forms of Energy More Costly

At the end of his first full year in office, Joe Biden’s disastrous energy and environment agenda cannot be said to be fully dead. With Republicans looking likely to reacquire strong majorities in both houses of Congress in November’s midterm elections, whatever hasn’t passed by Election Day will safely be declared officially dead then.

Education and tech partnerships yield big benefits

The basis of the N4WPP (the Navajo Technical University (NTU)-New Mexico Tech (NMT) Navajo Nation Water Purification Project) partnership is water filtration technology that was developed at NMT for treating produced water in oil fields.

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