Here is this week’s industry news & analysis…
Agenda Unveiled For The 4th Annual Oilfield Water Industry Update In Houston October 5, 2022
This fall, produced water business leaders will gather for the Oilfield Water Connection conference at the Houstonian Hotel. Attendees can expect to hear talk from C-level executive speakers and analysts on commercial trends, market opportunities, capital market trends, shale activity outlook, sustainability successes and challenges, water market data, and deal-making.
Pioneer Natural Resources To Start 3rd Simul Frac Crew Next Year; Credits Water Infrastructure For Feasibility
Management said on their recent conference call that they'll be adding a third simulfrac crew next year. "I think the simul-fracs, we've talked about save about $200,000 per well, so the cost benefit is there. But what's driving that is we're completing roughly 50% more feet per day; so it's just been a big benefit. And as I mentioned earlier, our water infrastructure really supports that operation and is allowing us to get to that third simulfrac fleet early next year."
Chevron’s Permian Basin operations to tap into more recycled water
‘In 2021, just less than 1 percent of Chevron’s water in the Permian Basin was obtained from freshwater sources’
API Bashes Inflation Reduction Act
“Without a comprehensive plan for critical investment in American oil and natural gas and associated infrastructure, which provide nearly 70% of our country’s energy needs, the American people will continue to bear the brunt of short-sighted policies in Washington.”
Encore Green Environmental (EGE) Announces Roll Out of Beneficial Use of Produced Water with Agricultural Partners
As part of the treatment program, EGE has partnered the technology with West Texas legacy landowner, Cody Wilson, owner of Wilson Farms, to recycle produced water and apply the clean water to the surface estate for agricultural beneficial uses and for Wilson’s non-edible crops.
Laredo Petroleum Announces Divestiture of Howard County Non-Operated Properties for $110 Million
Laredo Petroleum, Inc. today announced the signing of a purchase and sale agreement to divest certain non-operated properties in Howard County for $110 million, subject to customary closing price adjustments.
The Stanton OLRP commits 15 operators of deep SWDs and 18 operators of shallow SWDs to a planned 6 month response. The operators of the 40 participating deep SWDs are aiming for a disposal volume target of 170,000 barrels per day within the OLRP by November 2022, a reduction of about 84,000 barrels per day.
Marcellus Water Open House Hosted By Equitrans
Equitrans Midstream hosted several customers, vendors, employees, and community members at an open house for our Barracuda AST Water Facility outside of Waynesburg, PA.
WATER TALENT POOL: CFO News At Crewstwood Midstream
John Black begins a new position as Executive Vice President and Chief Financial Officer at Crestwood Midstream Partners LP.
Study Finds Cos. that Stick to O&G Outperform Dabblers in Renewables
Fossil energy companies that stick to their knitting (stay focused on fossil energy) are outperforming renewable-focused companies big time.
The ESG Perspective: The ESG fork in the road
On June 30, 2022, the U.S. Supreme Court ruling in the case of West Virginia vs. the EPA caused a panic amongst anti-oil activists. Some consider this the beginning of an ESG rollback, but I believe this is an overreaction.
In the Marcellus, Equinor and Shell Partner With US Steel To Explore Clean Energy
The tri-state area of West Virginia, Ohio, and Pennsylvania are rich with low-carbon opportunities...
Analysts say oil and gas drilling permits in the Permian hit three year high
The number of drilling permits approved in the Permian Basin, the nation’s most productive oil field, continues to rebound from the pandemic downturn, analysts say, hitting a three-year high in July.
Mountain State Spotlight explains: Why does the Mountain Valley Pipeline need Joe Manchin to change the law?
In exchange for voting in line with Democrats on their historic climate and economy bill, Manchin secured support from Democratic leaders and President Joe Biden to back future legislation he plans to introduce that seeks to relax the approval process currently required for natural gas pipelines and other energy infrastructure projects.
16 days later, Imperial Oil still investigating if Norman Wells spill entered Mackenzie River
A spokesperson for Imperial Oil said in an email that the company is monitoring the water quality and there are no indications there is a risk to public health.
Tetra looks for ways to recycle water, including possible South Arkansas lithium site
Tetra Technologies, Inc., has entered into an exclusive technology licensing agreements with KMX Technologies LLC and Hyrec Holdings Company W.L.L. for the recycling of produced water for the purpose of beneficial reuse.
SECURE Energy Announces Renewal and Extension of Credit Facility
SECURE's midstream infrastructure operations generate cash flows from oil production processing and disposal, produced water disposal, and crude oil storage, logistics, and marketing.
Oil and gas hiring picks up in Houston, even as energy prices come down
The number of Houston oil and gas jobs rose to 64,330 in June as the sector added 4,630 jobs, for an annualized employment growth rate of 44.5 percent between May and June.
Activists Advance Misleading Narratives to Ban Natural Gas Development — Again
Furthering their goal to “ban fracking everywhere,” activists at Food and Water Watch recently posed as concerned parents to fight responsible natural gas development in Elizabeth Township, Pa.
Congress must tackle permitting reforms for infrastructure
Among the most troubling roadblocks to alleviating this pain is America’s inability to efficiently permit new energy and infrastructure projects, including electricity transmission lines, pipelines, wind farms, and even the mines that are the leading edge of our industrial base.
US GOM Methane Emissions Much Higher Than Those In Permian
A new study has suggested that offshore oil and gas production in the U.S. Gulf of Mexico has substantially higher methane emissions than those from typical onshore production.
Northern Oil & Gas Continues to Sniff for Deals in the Marcellus
According to Northern’s most recent quarterly update, production from the company’s M-U assets increased by 11% and now makes up 18% of total production for the company. Even more interesting: Northern continues to sniff around the M-U looking for more deals.
Researchers find spreading drilling wastewater on Pa. roads can lead to harmful runoff
Penn State researchers recently briefed a state advisory board on studies that found the common practice of using wastewater from oil and gas drilling to keep dust down on unpaved roads is causing more harm than good.
Fracking flourishes as era of net-zero carbon looms
Even with the best intentions in regard to cutting carbon emissions — and plenty of funding to back them up — we are going to be using oil for a while.
Oil market focus shifts to Europe, China?
The International Energy Agency, however, raised its demand forecast in its monthly report, citing the switch from expensive natural gas to less expensive oil in some economic sectors.
58 Major O&G Trade Groups Strongly Condemn Manchin-Schumer Bill
Among the groups pushing back are (surprisingly) the American Petroleum Institute (API). Also among the bold and the brave are the Pennsylvania Independent Oil & Gas Association (PIOGA) and the Ohio Oil & Gas Association (OOGA).