Oilfield Water Weekly

Wednesday March 9, 2022

To everyone attending, speaking and sponsoring at the 2nd Annual Oilfield Water Markets Conference this week, thank you! Pre-conference activities begin later today and the main event is tomorrow and Friday.

More than 300 delegates are registered to attend (including many E&Ps, water midstream CEOs, and capital markets leaders). The participation of 55+ sponsors and 55+ speakers ensures that this will be a great event.

If you aren’t signed up for the conference yet… this is last call! We only have a few seats left… click here to join last minute. As a reminder, this is in person-only, no replays are available, and no press is invited.

This conference comes at a time of surging importance for the U.S. energy industry and water management. Everything has changed in the past two weeks, and it looks like much more produced water will have to be put away this year and next due to rapidly escalating demand for U.S. barrels. All the right people will be in the room in Dallas for the rest of this week discuss the market trends.

Before this week’s news digest, we leave you with one last nudge to check out the tremendous agenda on the event website and register last minute if you can. We (and the rest of the industry) would love to see you there!  Event website: https://oilfieldwater.com/owmarkets2/ 

PS: If you are registered to attend, you should have received an email with event details and the conference app / attendee list yesterday (if you did not get that, just reply to this newsletter and we’ll resend to you).

Now here is this week’s industry news…


News Digest

RRC Implements First-Ever Operator-Led Plan to Reduce Seismicity in West Texas

In the Western Permian Basin, the Railroad Commission began implementation last week of a first of its kind operator-led response plan that addresses injection-induced seismicity to help keep residents and the environment safe. RRC Chairman Wayne Christian is delivering the policy keynote in Dallas tomorrow, and you can bet this will come up!

Here's How Things Are Starting Today In Dallas...

Conference activities are about to begin in Dallas, with a warm welcome extended to hundreds of oilfield water executives attending the event....

UAT Group's Subsidiary, H2O Processing, Water Treatment Technology to be Demonstrated at 2022 Annual Oilfield Water Markets Conference

Umbra Applied Technologies Group, Inc's (OTC Pink: UATG) subsidiary, H2O Processing, announced today that its proprietary advanced water treatment technology will be demonstrated to the more than 300 industry leaders already registered to attend this year's Annual Oilfield Water Markets Conference in Dallas, TX on March 10-11 this year.

Elon Musk Is Right About U.S. Oil. That's Why We Invited Him To This Week's Oilfield Water Markets Conference!

To grow U.S. oil, more water will have to be put away than ever... and fast. That's why we invited Elon to join us next week in Dallas so he can see what 300+ of the #oil industry's finest water pros are doing about it.....

As Biden Blocks Russian Oil, the Next Step May Come From Consumers

It isn’t just a symbolic step. Russian oil accounted for about 10% of U.S. oil imports last year, some 700,000 barrels of oil a day. Even though the move was anticipated, the Brent grade of crude reached a 14-year high, as the U.K. also is looking to halt oil imports after Russia’s invasion of Ukraine. As for ESG, the White House seems willing to trade one authoritarian for multiple authoritarians, looking to Venezuela, Saudi Arabia, and the United Arab Emirates for an output boost, so far without success.

Saudi Arabia Reaffirms Commitment To Russia Despite War In Ukraine

Saudi Crown Prince Mohammed bin Salman has reaffirmed his country's commitment to the OPEC+ agreement with Russia.

U.S. Oil Prices Just Did Something They’ve Only Done 3 Times Since The 1980s [Charts Of The Day]

Although the mainstream press will focus on the massive spot oil price spike (shock and awe of $130/bbl post Biden’s Russian oil embargo), it’s important to keep in mind the context of the 12-month strip and futures curves when extrapolating the oil price move’s impact on oilfield activity.

It's Groundwater Awareness Week

National Groundwater Awareness, an annual observance sponsored by the National Groundwater Association (NGWA), is March 6–12, 2022. This observance highlights how important groundwater is to people’s health and the environment.

A Patriotic Oil Production Blitz Would Require Some Brown Sand And / Or NWS Capacity Reactivation

“There decades when nothing happens; and there are weeks when decades happen.” – Vladimir Ilyich

Interview with the President and CEO: Aris Water Solutions, Inc. (NYSE:ARIS)

Amanda Brock is the Chief Executive Officer and President of Aris Water Solutions, Inc., a leading produced water infrastructure and recycling company primarily focused on the Permian Basin which went public in October 2021.

Rig Count & Permit Counts – The Calm Before The Storm?

We pulled Permian permit submissions for the past 7 days (i.e. first week of March) and saw a similar trend of apathy as the rig count to macro chaos. Is this the calm before the storm?

QRI Announces the Appointment of Two New Board Members

Quantum Reservoir Impact, an Artificial Intelligence solutions provider that helps oil & gas operators, banks, investment groups, and those in other data-driven industries create value by leveraging Machine Learning and AI, announced today the appointment of two to the board of directors - Mr. Michael R. Dyson as a Director and Mr. W. Christopher Caudill as a non-voting Observer.

High Oil Prices Aren’t Enough To Tempt Shale Producers?

America’s shale industry is looking to ramp up production, but it is facing two major hurdles that could curb its trajectory.

Sentiment Sea Change Underway Towards U.S. O&G As The Mainstream’s ‘Existential Threat’ Narrative Flips

A powerful mainstream narrative shift encompassing public opinion, policy, and capital markets is underway with positive implications for U.S. oil and gas production, producers, and service providers…

Biden's Russia-Oil Ban Opens Path for Shale Giants EOG, Devon to Fill the Gap

President Joe Biden’s ban on Russian oil imports puts new pressure on U.S. drillers to help fill a supply shortfall that has sent crude prices to the highest levels since 2008.

US shale shortages to limit efforts to replace banned Russian oil

U.S. shale producers are unlikely to replace banned Russian oil imports due to a shortage of sand, equipment and labor and a dwindling backlog of wells waiting to be completed, energy executives and analysts said on Tuesday.

U.S. shale producers Oasis, Whiting to merge in $6 billion deal

The deal between the companies, which had filed for Chapter 11 bankruptcy in 2020 following a crash in energy prices due to the pandemic, comes amid record high crude prices.

Permian Basin to Play Critical Role in Global Energy Security, Exxon Mobil CEO Says

Exxon Mobil CEO Darren Woods says crude oil and energy exports from the Permian Basin and other parts of U.S. shale will help stabilize markets and strengthen global energy security.

Occidental CEO says oil prices can hit $150

Crude prices could go to $150 a barrel as a result of the Russia situation, according to Occidental Petroleum Corp. CEO Vicki Hollub.

Oil producers in a 'dire situation' and unable to ramp up output, says Oxy CEO

Among the challenges are the age of the wells, labor shortages and securing raw materials.

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