We have started to engage with speakers about the agenda on the 4th Annual Oilfield Water Industry Update. The event is October 5th at the Houstonian Hotel, about 7 weeks away. Early registrations, sponsorship, and content are looking good.
This will be the must-attend event for oilfield water business leaders this fall, and an essential tool to enhance your 2023 planning. In addition to hearing data forecasts from top analysts, you’ll be able to gauge what your peers and customers are thinking about for the year ahead during panels and sideline conversations.
Friendly reminder: “kick-off” registration pricing expires on Friday – so grab your pass if you have a couple minutes today, you don’t want to miss this! If you want to showcase your services, we only have a few sponsorships left: Coffee, Lunch, Kick-off and Case-Study sponsorships are available or you can still grab a table in the exhibit area – see the website for details.
Now, here is this week’s industry news & analysis…
Tetra Announces New Initiative For PW Beneficial Reuse
TETRA Technologies, Inc. announced that it has entered into exclusive technology licensing agreements with KMX and Hyrec to recycle produced water for beneficial reuse, including such applications as agricultural and crop irrigation, industrial, power generation, construction, groundwater recharge, cooling towers and dust control.
Surge Energy America Announces Return to 100% of Completions Using Recycled Produced Water
Surge and Gravity's produced water recycling facility in Howard County was commissioned in July 2022 and enables Surge to recycle produced water for completions in the eastern area of the Company's acreage position which was primarily acquired in 2021.
Select Energy Services Expanding In Appalachia Via Acquisition
"Great week as we welcomed the newest members to Nuverra Environmental Solutions with the acquisition of MudMasters in Lore, Ohio to the Select family," writes Walter Dale
EWS Returns To The Eagle Ford
"EWS is pleased to announce that we are back in South Texas where the company began."
Marcellus/Utica SWDs Marketed For Sale
Two saltwater disposal wells in Ohio are up for grabs. Here are some details and contact info if you are interested...
Select Earnings Call Transcript
Activity steadily increased over the course of the third quarter for our Water Services segment.
Aris Earnings Call Transcript
"On beneficial reuse, we continue to make progress piloting and identifying relevant technology for the treatment of reduced water for non-consumptive agriculture, industrial uses and potential supplemental water."
Equitrans Midstream Announces Second Quarter 2022 Results
Operating revenue for the second quarter decreased by $19.7 million, compared to the same quarter last year, primarily due to increased deferred revenue, lower gathered volumes and lower water services revenue.
Western Midstream Announces Second-Quarter 2022 Results
Gathered record Delaware Basin produced-water throughput of 864 MBbls/d for the second quarter, representing a 15-percent sequential-quarter increase.
Trucked vs. Piped Water
B3 touches on the pros and cons of piped vs. trucked water.
Summit Midstream Partners, LP Reports Second Quarter 2022 Financial and Operating Results
Adjusted EBITDA was impacted by approximately $3.6 million of estimated weather-related interruptions in the Rockies segment, maintenance activities and wells temporarily shut-in behind the Northeast segment and deal costs incurred during the quarter
University Lands adapts as it manages West Texas acreage
It is a task that dates back to the Republic of Texas when 220,000 acres were set aside for the establishment and endowment of a university. By 1883 that grant had grown to 2.1 million acres that now benefits over 20 educational and health institutions across the University of Texas and Texas A&M University systems. It is one of the largest university endowments in the nation.
ISCO White Paper: HDPE Pipe Vs. PVC & Ductile Iron
There are 55,000 municipalities across the country, and they all face the same three choices for safely moving natural gas and water: Ductile Iron, PVC and HPDE.
More Rig Adds Coming – Public E&Ps Finding Creative Ways To Lift 2H22 Drilling Programs
It’s been really interesting to see talk about some of the clever / creative ways that E&Ps are increasing drilling activity. In some cases the adds are blatant. But in others, they are more subtle – adding wellbores without seeming to increase core rig count very much.
Pipeline developer pleads no contest in water pollution cases
Dallas-based Energy Transfer Operating agreed to independent testing of homeowners' water and promised to remediate contamination in a settlement of two separate criminal cases brought by the Pennsylvania attorney general.
Imperial Oil still investigating cause of produced water spill in N.W.T.
The Calgary-based oil and gas company reported on July 27 that it discovered about 55,000 litres of produced water had spilled before it shut down the pipeline in Norman Wells, N.W.T.
Western Midstream Sustainability Report
"Our ESG performance is central to our organization – from the board room to our daily operations. We’re committed to strengthening our performance and expanding our reporting as we further progress our sustainability efforts."
Got Cash? More Private Equity Backers Of Oilfield Firms Could Be Heading For The Exits
Quite a few other Private Equity (PE) firms with a history of investing in both E&P and OFS are trying to reduce exposure to fossil fuels in favor of greener energy sources and platforms leveraged to energy transition themes. And many of them invested in oilfield companies in the 2014-2018 time frame - those investment horizons may conspire with cyclical and external factors to compel more sales over the next 6-12 months. Will there be enough cash buyers?
Why Oil And Gas Executives Are Reluctant To Pull The Trigger On New Deals
According to data released by energy analytics firm Enverus, U.S. oil and gas dealmaking contracted 65% Y/Y to $12 billion last quarter, a far cry from $34.8 billion in last year’s corresponding period, as high commodity price volatility left buyers and sellers clashing over asset values.
WATER TALENT POOL: Enhanced Midstream Hiring
Enhanced Midstream Looking For SWD Operator.
State production taxes break records again in July
Texas’ coffers continue to expand from record amounts of production taxes paid by the state’s oil and natural gas producers.
Frac Tank Help Needed In Appalachia
"I am looking for someone to sandblast and paint exteriors of (4) Frac Tanks in the Cambridge Ohio area."
Williams, PennEnergy Ink Deal to Market Certified Low-Emission Natural Gas
Williams and PennEnergy Resources LLC have entered into an agreement to support the marketing and delivery of certified, low emissions next gen natural gas, the companies announced on Monday.
Oil Is Thicker than Water for Buffett and Berkshire
One investor not planning to abandon oil anytime soon is Warren Buffett, who has shown a distinct liking for the stuff by taking major stakes in US supermajor Chevron and in mid-level group Occidental Petroleum, where Buffett’s Berkshire Hathaway has rapidly built the largest stake of close to 20%.
19 State AGs Turn Up the Heat on Anti-Fossil Fuel BlackRock
BlackRock Inc., the world’s largest investment firm with $10 trillion in assets under management, is beginning to feel the heat of its anti-fossil fuel strategy.
Coterra Makes $1.2B in 2Q, Pumps 2.8 Bcf/d NatGas, 3 Rigs in NEPA
The company made $1.2 billion in profit last quarter, versus making just $30 million a year ago. Natural gas production in the Marcellus stayed pretty much even at 2.22 Bcf/d.
A “Run On 2023 Service Capacity” By E&Ps Suggests OFS Stays Tight
Early in 2Q22 earnings season, several service companies (including HAL) mentioned that customer conversations about 2023 were heating up earlier than normal. Their comments may have actually understated the extent to which this “run on 2023 OFS capacity” is happening.
Experts discuss air quality issues confronting Permian Basin
TCEQ, other officials baffled by notification from EPA of non-attainment, citing lack of data showing the area is exceeding air quality standards.
Southwestern Invests More $ in Haynesville, but M-U Produces More
Southwestern invested $585 million of capital during 2Q and placed 42 wells to sales, including 23 in the Marcellus/Utica and 19 in Haynesville.
Gulfport 2Q Update – Turns Profitable $216M, No Talk of Selling
Despite rumors, in Gulfport’s 2Q22 update issued earlier this week, there wasn’t even a whisper about a potential sale or merger.
Chesapeake Narrows Focus to Marcellus & Haynesville, Dropping Oily EF
Chessy CEO Nick Dell’Osso said the company will focus more on drilling for natural gas in both the Marcellus and Haynesville shale plays, and less on drilling in the company’s oil-focused Eagle Ford play. In fact, Chesapeake now views the Eagle Ford as “non-core” and will (soon) stop investing in drilling new wells there.