Oilfield Water Weekly

Two weeks left until the Oilfield Water Industry Update Conference at the Houstonian on Oct. 5th.

Have you registered yet?

30 speakers (including senior execs from water midstream and E&Ps you won’t hear talking anywhere else). 20 sponsors. A full day of networking in a beautiful venue.

This is the last, best oilfield water event of the year and it’s where senior business leaders will gather to compare notes, talk about deals, and get ready for 2023. There’s still time to join, don’t miss it!

https://oilfieldwater.com/owupdate4/

Here is this week’s industry news & analysis…


News Digest

The Industry We Serve Is Awesome To See In Action [Video]

Discovery Channel produced this great video of a field tour with XRI and NGL Energy Partners LP on their collaboration in New Mexico Delaware Basin to process and recycle produced water. Check it out! Hat tip Chris Harich, Ryan Hall, and Doug White for representing our industry so well and educating folks that haven't had a chance to visit this stuff in person through this awesome special... the sustainability advances being made in the field are indeed exciting to see. We look forward to hearing from XRI's CEO Matthew Gabriel and NGL's Jake Hendricks on our stage October 5th at the 4th Annual Oilfield Water Industry Update.

Pilot Water Solutions and Oilfield Water Logistics Announce Partnership

Merger will form one of the premier water midstream companies in the United States. Is this the start of more deals like this? Come hear from the deal team (including Zach Neal, SVP Pilot, and Mike Klayman, advised on deal) on October 5th in Houston!

Summit Midstream Partners sells Bison gas gathering system in $40M deal

With the sale of Bison Midstream, Summit's focus in the Williston Basin will be on growing its crude oil and produced water gathering systems primarily located in Williams and Divide Counties, North Dakota.

Crestwood to sell Marcellus assets to Antero Midstream for $205M

The buy increases the company’s gathering pipelines by 15% and its compression capacity by 20%.

Thoughts On The Private E&P Wildcard In The 2023 Completions Outlook

If you know your well / acreage inventory is a concern and you are a Private E&P trying to get gobbled up in next few years, do you drill your brains out or tap the brakes and start rationing inventory so that you can a) keep growing ratably over the next few years and b) show a buyer inventory?

WSJ Thinks Private Oil Drillers Are Hitting Their Limits

Smaller producers in the hottest U.S. oil patch are pulling back, after harvesting many of their best locations

Reducing seismic activity with pipelines

Concern over an increase in earthquakes across the Basin has paved the way for new opportunities for water pipeline developers like Palisade Pipeline.

Frac Sand & Oilfield Water M&A Rumor Mills Each Heating Up

Industry chatter about potential M&A in two critical path functions of shale is picking up. We discuss what industry circles are saying about frac sand and produced water management below…

PSP announces two new members

The Permian Strategic Partnership announced Thursday the addition of two new companies, Kinetik and WaterBridge Resources.

EnviroCon Systems Inc

Texas Reports 83% Gain in August for Haynesville Natural Gas, Oil Drilling Permits

The Railroad Commission of Texas (RRC) said it issued 83% more drilling permits year/year in August in its East Texas District, which includes the state’s portion of the gassy Haynesville Shale.

Uh Oh… U.S. Drilling Growth Has Ground To A Halt

Quietly, the Texas land rig count is flat since May and down from the recent highs in August. Both the Eagle Ford and Permian rig counts are basically flat over this time period, and so is drilling in the Bakken and Marcellus. Also concerning to the growth outlook, Permian new well permit demand is falling, suggesting that a flat rig count into year-end may be the new bull case. Specifically, drilling permit demand is down 17% so far in 2H22 compared to 1H22 in TX Permian.

New improvements coming to Midland-Odessa roads over the next 10 years

"$489 million has been put in place to support the I-20 development in Midland-Odessa, one of the least safe places in the state to travel. There’s tons of traffic, bridges being hit and so the entire Commission has been to put a lot of funding in the Midland-Odessa area on that project.”

U.S. Energy Development Corporation Acquires New Permian Basin Assets

The new acquisitions involve partnering with highly regarded operators in 17 new wells spanning a three-county area.

Fitch Affirms WaterBridge Midstream Operating IDR at 'B-'; Outlook Revised to Positive

Fitch Ratings has affirmed WaterBridge Midstream Operating LLC's (WATOPE) Long-Term Issuer Default Rating (IDR) at 'B-'. The senior secured rating has been affirmed at 'B'/'RR3'. The Rating Outlook has been revised to Positive from Stable.

2022 Water Report (10th Annual Edition) Released By Black & Veatch

Drawing upon expert analyses of a survey of more than 300 U.S. water industry stakeholders, the 2022 Water Report gives an overview of what’s changed – and what has not – in an industry with enormous potential to accelerate innovation in strategy, operations and funding.

Crisis Averted. Here’s What A Rail Strike Would Have Meant For Frac

The frac sand supply chain, specifically customers of Northern White Sand (NWS), dodged a bullet this time. Here is what frac folks were doing to get ready had last week's railroad service black-out actually happened...

Record oil production forecast

Jazzed by strong worldwide demand and crackerjack technology, the Permian Basin will set an all-time record for oil production in October.

Oil brings in more than $2 billion in royalties to New Mexico State Land Office

And that revenue has been increasing steadily over the past decade, he said, almost doubling for fiscal year 2022 over the previous year, from just more than $1.2 billion to almost $2.6 billion, Bloom said.

DEP: Marcellus Shale company polluted Loyalsock Creek

The Loyalsock Creek has a plume of sediment pollution in it, the result of a company that is withdrawing water for Marcellus Shale-related activities. The state Department of Environmental Protection places blame on Pennsylvania General Energy Co., of Warren.

Pa. natural gas and labor, forging a reliable, sustainable energy future

As our nation’s second largest producer of natural gas, Pennsylvania’s energy sector and union workers across the commonwealth work in tandem as one unified team.

CPV Announces Plans for Massive $3 Billion, 1,800 MW Gas-Fired Plant in WV

Competitive Power Ventures (CPV) announced that it has selected West Virginia for a 1,800-megawatt, combined-cycle natural gas power station (using Marcellus/Utica gas) that also uses carbon capture and storage (required window dressing in this day and age).

3rd Circuit Buys Anti Argument, Blocks PA from Suing DRBC

In a move aimed at boxing in the Delaware River Basin Commission (DRBC), a group of Pennsylvania State Senators filed a lawsuit in January 2021 against the DRBC accusing the quasi-governmental agency of “taking” the property rights of PA residents without just compensation under the law over the DRBC’s ban on fracking.

U.S. Natural Gas Production in Lower 48 Hits 100 Bcf/d!

A major psychological milestone was hit this month for the first time. Natural gas production in the Lower 48 States passed 100 billion cubic feet per day (Bcf/d).

Column: U.S. gas producers struggle to meet demand

U.S. shale drillers are struggling to meet strong demand for gas from domestic generators as well as customers in Europe and Asia scrambling for replacement supplies following Russia’s invasion of Ukraine.

How U.S. Shale Is Reducing Its Emissions

Improved water treatment technology and in-basin use of frac sand are rapidly becoming industry best practices.

Produced water spill reported near Williston from Zavanna LLC

Zavanna estimates that 9,800 barrels (411,600 gallons) of produced water were released. An unknown amount entered Stony Creek.

FECM’s Game-Changing Work to Turn Wastewater into a Valued Resource

They recently announced the creation of the Division of Advanced Remediation Technologies’ Water Management program, which for the first time brings all FECM water management activities under one roof in order to advance the affordability, reliability, sustainability, and resilience of water in the energy sector.

ZwitterCo’s Breakthrough Technology Transforms Performance and Economics for Industrial Wastewater Reuse

DCVC leads the largest Series A funding round for a water technology company with $33 million in financing to scale ZwitterCo’s revolutionary membrane technology that treats the toughest industrial wastewaters for reuse and is immune to irreversible fouling.

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