How fast the world and business conditions can change!
With WTI trading north of $105/bbl as March begins (up $15 in less than a week) U.S. oil production growth will be a major focus for the rest of the year.
As readers of this digest know very well, wastewater management is a critical path function for oil growth – for without proper H2O management, E&Ps have no flow assurance.
Just one week from now, at a critical time for the U.S. oilfield, we’ll be kicking off the most important conference of the year for business people in U.S. produced water.
There are many fresh new angles to discuss, executive fireside chat panels will deliver unique conversations that can only be heard here, and the networking opportunities are second to none due to the seniority of the attendee list!
300 folks are already registered, are you? Don’t miss this… Conference website: https://oilfieldwater.com/owmarkets2/
Now here is this week’s industry news…
U.S. Oil Prices Surging To 14-Year Highs... $110 / Barrel As Of This Writing...
The last time oil traded this high was 2008...
As WTI Trades Above $110/BBL (14-Year High!), A Salute To Shale & What Our Readers Do To Further Its Noble Cause…
POTUS remarks about energy in the SOTU address Tuesday missed the mark. What he should have said say were words of encouragement, praise, and thanks to the U.S. oilfield. What he should have say was drill baby drill!
Sen. Ernst calls out Biden: 'Not one iota' of SOTU was about unleashing American energy production
This is ironic that the president is pushing oil from our reserves and, yet, we have all this untapped American energy that we should be unleashing. And yet President Biden did not speak one iota to that last night during his speech.
A One-Of-A-Kind Agenda Is Set!
The speaker list and agenda for our big March 10-11 are set - and they are amazing! 55 speakers. Top execs. Top regulators. Top E&Ps. Top analysts. And unique angles on topics that you'll only hear here, live and in-person. The world has changed alot in the past week and the call on US oil production (and flow assurance around water) will be huge. Don't miss this chance to reconnect with everyone in the industry and discuss what surging oil prices (plus seismicity, recycling, treatment, contracting trends, ESG, etc.) mean for your business!
Congrats To All The Candidates For A Good Race & Wayne Christian For The Win
The results of the Texas primary for TX RRC Commissioner are in and Chairman Wayne Christian tops the polls. You can listen to Chairman Christian deliver the opening keynote on March 10th as he provides an update on seismicity regulation around water management.
Tetra Sees Recycling Getting A Boost From Seismicity & Mineral Extraction Interest Is Growing Too...
From their earnings conference call "In addition to the significant increased interest in produced water recycling for frac reuse, in part due to the increased seismic activity in key disposal areas, we are also seeing a new area of interest from both the operators and the midstream companies for extracting key minerals from produced water."
Gravity Provides Update On Water Midstream Growth
Gravity now owns and manages more than 50 active saltwater disposal wells with more than 1.5 million barrels per day of permitted disposal capacity. Gravity added three new saltwater disposal wells in 2021 and over 100,000 barrels of gathering and disposal capacity to its core 500,000+ barrel total capacity Midland Basin water infrastructure system.
Aris Water Solutions Reports Fourth Quarter & Full Year 2021 Results
Record total water volumes of approximately 1.1 million barrels per day for the fourth quarter of 2021, up 14% versus the third quarter of 2021
Aris Stock Surges, Now Up 32% YTD
You can listen to the company's CEO and President, Amanda Brock, March 10th at our conference in Dallas...
In December 2021, Rattler closed on an acquisition of certain water midstream assets from Diamondback for $160.0 million. Q4 2021 average produced water gathering and disposal volumes of 818 MBbl/d. Q4 2021 average sourced water volumes of 307 MBbl/d; 28% of total sourced water volumes in Q4 2021 sourced from recycled produced water...
March 10-11, 2022 GOLD Conference Sponsor Spotlight: Re3us, LLC
Re3us, LLC markets systems that purify oil and produced water. One technology can take a wide variety of fluids, including oil, and remove suspended solids. The process separates an input fluid into hydrocarbons, salt water, and a residue of removed solids. With the additional components, the system can use reverse osmosis to remove large amounts of salt from water and, where any salt remains in the water, separate the salt by evaporating the water. A second technology takes produced water from which hydrocarbons have been separated and removes suspended solids such as iron, magnesium, manganese and hydrogen sulfide. This processed water, which may have a high salt content, can then be used as fracking and drilling fluids for oil and gas exploration and production. Both of these technologies can be mobile or stationary giving us great flexibility to service our existing customers. Come see our technology working “In Action” in the Exhibitors Hall at Booth 9 during the conference. Times for demonstrations are: March 10 – 7:30, 10:10, 12:30, 3:15, 5:15 and on March 11 – 7:30, 10, 12.
WATER TALENT POOL: Gradiant Opening
Kushal Seth is hiring. Know anyone who might be interested?
Select’s shares trade up on robust results and M&A
Shares in Select Energy Services shot up by nearly 14% last week after the oilfield water services firm reported positive quarterly net income for the first time since the pandemic-induced oil & gas industry downturn in 2020.
Summit Midstream Partners Sees Well Connections Below Pre-Pandemic Levels
Summit Midstream Partners LP expects 75 to 110 well connections in 2022, well below the levels see before the Covid-19 pandemic hit.
Oilfield Water Is Picking Up Steam!
Momentum continues to build for what promises to be the best business event in oilfield water this year. Here is some recent buzz from conference participants...
Altus Midstream is now Kinetik
Kinetik announced the completion of the business combination of Altus Midstream Company and BCP Raptor, creating a unique, fully integrated midstream company. The combined company bills itself as the only “pure-play” midstream company operating in the Delaware Basin.
Biz Buzz: Midland Entrepreneurial Challenge awards $500,000 to local startups
Five Midland startups received checks for $100,000 for winning the Midland Entrepreneurial Challenge (MEC), including Oilfield Water Markets Conference sponsor Magrym Consulting!
Equitrans Water Results For 2021
In the fourth quarter, water operating income was $1.6 million and water EBITDA was $6.1 million. For the year, water operating loss was $54.0 million and water EBITDA was $27.4 million.
View from the Other Side: Why Did California Regulators Choose a Firm with Ties to Chevron to Study Irrigating Crops with Oil Wastewater?
Chevron is the largest provider of the wastewater. GSI Environmental identified no health risks associated with the controversial practice.
ExxonMobil subsidiary fined millions over New Mexico injection wells
Fines come after earthquakes in New Mexico linked to the injection disposal wells
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