SAVE THE DATE: Inaugural Appalachian Oilfield Water Markets Conference
We wanted you to be the first to know some exciting news today: we plan to host an Oilfield Water Connection event in the Marcellus/ Utica for the first time this summer!
More info and online registration are coming soon, but here are preliminary details:
- When: July 29, 2022
- Where: Pittsburgh, PA
- What: a one-day deep dive on Marcellus/Utica oilfield water management with a business trend focused agenda and networking at the Pittsburgh Westin Hotel on July 29
- Why: The Marcellus / Utica shale water market is robust with big challenges and big opportunities, but it has not had the benefit of a forum dedicated to water markets discussion like Oilfield Water Connection provides in the southwest with our Dallas and Houston events. Many Texas event attendees with business interests in Appalachia have asked us to put together a markets-geared conference for water management leaders in the Marcellus / Utica. You ask, we answer!
- Stay tuned… more details and the signup page are coming soon. If you conduct business in the Marcellus (or want to), then don’t miss this! For now, please save the date… July 29.
And of course we’ll also be gathering southwestern oilfield water leaders again in Houston at the Houstonian this October 5th (Fall event info / registration here).
Here is this week’s industry news…
Delek Logistics Partners Acquires 3Bear Energy For $624.7mm Cash
3Bear is a crude, gas and water gathering, processing and disposal business in the Northern Delaware Basin. Assets include 200 MBbl/d of water disposal capacity.
New SEC ESG Disclosures To Impact Water
In March, the SEC released their long-awaited proposal on climate risk ESG disclosure. The rule would require water related disclosure but just from companies exposed to water risks like operating in areas of high-water stress or in regions that experience significant flooding.
Chems Price Inflation - ChampionX Announces Surcharge
The energy industry has been impacted by increasing global unrest in addition to an already constrained supply environment, which have all combined to drive ongoing high inflation. That's leading to higher chemical prices...
New JGL Solutions Deployment In The Permian
From the field with JGL Solutions beginning a new microbe treatment for a Permian Basin operator.
A California water board assured the public that oil wastewater is safe for irrigation
Studies in Kern County, performed by oil industry consultants, cannot answer fundamental safety questions about irrigating crops with “produced water,” the board’s own panel of experts conceded.
Ascend Hydro Returns To Oilfield With SWD Optimization System
Ascend Hydro, Inc. has shifted their business away from renewable energy and announces their entry into saltwater disposal optimization.
High Gas Prices, Foreign Energy Dependence Sparks Renewed Interest In Expanding Drilling In Pennsylvania
Pennsylvania is the second-highest exporter of natural gas in the entire country. High gas prices and foreign energy dependence have sparked renewed interest in expanding drilling.
Federal Regulators Issue Key Approval for Mountain Valley Pipeline, but Project Faces Fresh Scrutiny
Recent court proceedings indicate key gaps in the pipeline’s path to completion, prolonging a state of limbo for the 303-mile project originally slated to be in serve more than three years ago.
KMX and MP+ Partner for South American Lithium Development
KMX Technologies (“KMX”) and MP Minería Positiva SRL (“MP+”) today announced the execution of a partnership to bring KMX’s leading lithium concentration technology to the South American market. MP+ is a leading mining technology provider in South America that will incorporate KMX as its exclusive lithium concentration technology.
Lithium Price Surge Is Creating More Interest In Mining Produced Water Streams
These prices are insane. Elon Musk is commenting about vertically integrating Lithium and the entire renewables industry is on edge about this potential bottleneck. If you can mine the mineral from produced water streams, that's real waste to value opportunity and feasibility is improving each day lithium prices go up. There's no doubt there'll be more talk about this opportunity at future Oilfield Water Connection events.
Perspective | Water is the New Carbon
When it comes to acknowledging society’s impact on climate, environment, and human security, water is the next frontier for comprehensive accounting and adaptation strategies — for industry, municipalities, governments, and individuals, all of which have made impressive commitments and progress to track carbon pollution.
How investors can navigate the global water crisis
“With global water demand set to outstrip supply by 40 per cent by 2030, achieving the United Nations’ Sustainable Development Goal 6 (“ensure access to water and sanitation for all”) requires a call for urgent action to resolve the chronic supply-demand imbalance for freshwater resources…”
2nd Biggest One-Week Rig Pop Post-Covid
US land rig count spiked 18 rigs last week. This is only the second time that rig count has moved up this much in a week in over two years.
Permian drilling permits hit all-time monthly high in March, signaling production surge on the horizon
Horizontal drilling permits for new wells in the Permian Basin hit an all-time high in March, with 904 total permit awards, driven by elevated oil prices and production demand, Rystad Energy research shows.
Abandoned oil and gas wells spread out through New Mexico's Permian, San Juan basins
Both of New Mexico’s oil-producing regions: the Permian Basin in the southeast and San Juan Basin in the northwest have scores of inactive wells, per a recent study by the New Mexico Wilderness Alliance, and could be running afoul of state law.
Texas Railroad Commission: A barrier to Biden’s energy plan?
The high-profile leak, which is being investigated by the Texas Railroad Commission, could serve as a warning for the Biden administration, which is trying to switch the country’s economy to cleaner forms of energy and away from oil and gas.
Webinar: DOE Official Discusses how the Department of Energy’s (DOE) Produced Water Optimization initiative addresses the problem of excess water produced during the oil and gas process.
Live webinar is Thursday, April 14.
Stagnant Sand Pumped Per Crew Day Exacerbates Well Cost Inflation Pain [Chart Of The Day]
Public E&Ps have fared better than the overall average charted below, since privates have been basically stuck in a range-bound frac efficiency pattern below the publics since 2020.
Lake Boehmer closed due to dangerous hydrogen sulfide levels
The Texas Railroad Commission has released the following statement in regards to Lake Boehmer. “Recent reports state that a water well believed to be the source of Boehmer Lake in Pecos County in West Texas has been releasing unusually high amounts of hydrogen sulfide."
Lake Powell's drastic drop in water level shown in clear satellite images
Images from space show just how drastic the drops in Lake Powell's water level has been in the past four years.
The Texas drought is the worst in years. Are we on the brink of widespread disaster?
Texas is in the worst drought conditions since 2011, when 95% of the state was in drought. Eleven years ago, parched conditions caused over $7 billion in crop and livestock losses, sparked wildfires, pushed power grids to the limit and reduced reservoirs to dangerously low levels, according to the University of Texas at Austin.
Newsom urged Californians to cut water use by 15%. In February they saved less than 1%
Total water usage in California cities and towns decreased by just half a percent in February compared with the same month in 2020, a far cry from Gov. Gavin Newsom’s goal of reducing urban water use by 15%.
Oil CEOs testify to Congress: 'We do not control the market price of oil'
U.S. oil executives sought to defuse tensions with Democrats over rising fuel prices in a congressional hearing last Wednesday, assuring Congress they were investing heavily to increase domestic oil production.
Clearfork Midstream Adds to Leadership Team, Announces New Commercial Agreements and Optimization Projects
The announcement follows Clearfork’s recent acquisition of a natural gas gathering and treating platform that serves core areas of the Haynesville Shale formation and includes more than 500 miles of pipelines and 1.2 billion cubic feet per day of treating capacity across systems in North Louisiana and East Texas.
Surge Energy America Announces Strong Sustainability Performance Evidenced through Flaring Reduction and Water Management
The Company utilizes recycled produced water in completion operations, minimizing the need for fresh water. Over 80 million total barrels of freshwater have been conserved since the inception of the Company's water recycling program in 2017.
Swirltex Inc. Awarded $3 Million Project with ARC Resources Ltd. for the Implementation of Produced Water Treatment System Using Swirltex Proprietary Technology
Swirltex announced that they have been awarded a project to supply their proprietary "Buoyancy Enhanced Membrane Filtration" technology for produced water treatment with ARC Resources Ltd., a leading Canadian energy producer in the Montney region. The project is valued at $3 million with potential upside for scale up at higher treatment volumes.