The Marcellus agenda is really starting to come together with some big E&P speaker additions recently – Repsol, Gulfport, Chesapeake and Diversified Gas & Oil are among the operators sending speakers to stage!
Also a warm welcome to the Pittsburgh event’s newest sponsor, just added this morning – Keystone Clearwater Solutions, LLC will be the reception sponsor on July 29th. Attendees will hear the company’s COO on a morning panel talking about automation and logistics solutions.
Here is this week’s industry news…
Aris Water Solutions, Inc. Announces Long-Term Full Cycle Water Management Agreement with Chevron U.S.A. Inc.
This agreement increases Aris’s overall acreage giving Aris the premier dedicated acreage position in the Northern Delaware Basin,” said Amanda Brock, President and CEO of Aris Water Solutions.
Oxy Is Reviewing Fluid Hauling Systems
Oxy's Water Logistics lead says: "What oilfield fluid hauling logistics application are you using to help solve your trucking needs? Does anyone have recommendations for a good system to track loads, GPS, dispatch, and cost? We are currently trying to find and review options to see what the best fit would be for our company."
Highest Inflation in America Is Punishing a Texas Town and Its Residents
Midland, Texas, is used to booms and busts. But even here, prices are shocking the local economy — and the Fed may not be able to help.
Upward Revisions To 2022 E&P Capex Programs Come Just A Few Months After Budget Announcements! [Shale Spending Stats]
After just releasing budgets with earnings a few months ago during year-end reporting season, multiple E&Ps are already hiking spending plans for the year to keep up with inflation, and we suspect they will raise spending again later this year, with most ending up spending the top end of upwardly revised guidance ranges when the year is said and done.
W.Va. Port Developers Plan For COB Service
Developers of the Port of West Virginia, a multifunctional, transmodal inland port terminal on the Ohio River in the city of Follansbee, are seeking public and private investments for the port and surrounding property with plans to institute what may become the first container-on-barge service on the Ohio River. The port will have the capability of offloading breakbulk shipping containers, dry goods, aggregate sand and liquids as well as having its own on-site facilities for frac water and wastewater treatment. It will have 6 million gallons of liquid storage capacity and heavy-lift capabilities of up to 500 tons per pick.
Select Energy Services Sustainability Webinar Coming Up
Using Produced Water & Chemistry to improve your bottom line and enhance ESG metrics is May 18...
B3: Bakken Disposal Volume...
Did you know that over 1.5 million barrels of water per day are injected into disposal wells in North Dakota?
Aris Water Solutions, Inc. Reports First Quarter 2022 Results
Total water volumes of approximately 1.2 million barrels per day for the first quarter of 2022, up 45% versus the first quarter of 2021.
Aris IR Deck
New investor relations presentations for earnings release...
Aris Earnings Call Transcript
On May 10th, the company held their quarterly conference call to discuss outlook and results... Here is the transcript
WATER TALENT POOL: SVP Promotion At Sourcenergy
Ian Killough starting a new position as SVP - Corporate Development & Strategy at Sourcenergy...
WATER TALENT POOL: B3 Hiring
B3 is looking for a driven individual who has familiarity with energy/water markets, experience in a startup environment, and hands on experience or classwork with database management.
Has Oil Found A Bottom At $100?
Despite some recent volatility sparked by China’s COVID lockdowns, oil prices may have found a bottom.
Murphy Recycling Offset Operators' Water
From their recent earnings call: "Our drilling and completion team has replaced over 1 million gallons of diesel fuel with natural gas and has improved water recycling, an average of 20% of total frac volumes utilizing recycled water in the first quarter of 2022, while also reducing industry's footprint by recycling offset operators water as well."
Booming fracked gas exports
The Mariner East Pipeline has sparked a boom in fracked gas exports from the Philly region.
Commissioners award $225,657 in Marcellus Shale grants
Grant funds can be used for projects relating to greenways, recreational trails, open space, natural areas, community conservation and beautification, community and heritage parks, and water resource management.
SWD Equipment For Sale in West Texas...
Auction house listing...
What The E&Ps Are Saying About Inflation & Capex Budget Hikes
Here are the key talking points for inflation and capex operator by operator (budget hikes are bolded).
The Call For Windfall Taxes On Energy Firms Is Growing
Many are skeptical that such a tax could backfire and deter investment, and make the energy crisis even worse.
Number of active U.S. drilling rigs up this week
The number of active drilling rigs in the United States increased to 705 this week, up by seven from the previous week and 257 from last year, according to the weekly data released Friday by Houston-based oilfield services company Baker Hughes.
Webinar: Evolution of Water Use in the Permian
SPE is hosting a TechTalk on the topic.
New Revelations About EOG’s Sand & Water Supplies In Texas
"In the Delaware Basin, our team continues to reduce their water cost by optimizing the reuse process, which right now is approximately 90% of all their sourced water, and they are really doing this just through increasing the automation of all of our infrastructure and reducing the overall treatment cost per barrel, which we realized about a 9% reduction in each barrel of reused water for 2022...."
What The E&Ps Are Saying About Sand & Pipe Constraints & Runaway Cost Mitigation
During 1Q22 earnings season, E&Ps devoted more air time to things like fuel, sand, OCTG, labor and trucking than they have in a long time. The focus on supply chain hasn’t been this high in a long time.
Sourcenergy Now Covering The Haynesville
"We are continuing to expand our technology into new plays. We now cover the Haynesville."
LNG market growth enormous
The LNG scenario is a complex and extremely high-dollar one, but natural gas is selling for five times its U.S. price in the key markets of India, China, South Korea, Japan and the European Union.
Strong crude prices continue to drive production and produced water activity
Intentions and plans to build new saltwater disposal wells (SWDs) were up 23% in April vs March 2022.
The Power Of SimulFracs [SimulFrac Series]
The extent to which this method is enhancing surface efficiency on well sites continues to impress and is one reason that the industry might be able to break out of the plateauing trend in completions efficiencies of the past six months...
Are pipeline companies too powerful? Texas' unusual gas market faces fight over winter storm costs
The massive increase in natural gas prices during last winter’s blackout has set off a wave of litigation in state and federal courts and prompted an investigation by the Federal Energy Regulatory Commission, casting a spotlight on the workings of Texas’s complex, opaque and lightly regulated natural gas market.
Relentless Price Hikes Send U.S. Gasoline Price To Fresh Record High
U.S. average nationwide gasoline prices hit $4.404 per gallon on Wednesday. This time last year, the national average U.S. gasoline price stood at $2.985 per gallon.
Canadian firm focuses on H2S removal
Treatment adds additional crude, gas and water resources.
Isolated West Texas location near Whites City reports earthquakes in May
Nearly a dozen small earthquakes shook isolated parts of West Texas in early May, according to the U.S. Geological Survey (USGS).