Here is this week’s industry news & analysis…
PIPE CONSTRAINED!! West Texas Natural Gas Prices Go Negative for First Time in Two Years
Natural gas prices in West Texas dipped below zero for the first time since 2020 as booming production overwhelms pipeline networks, trapping supplies in the region.
Jim Wicklund Comments On Pipe Constraints
Permian crude oil production is up ~30% since the lows of 2020 to average about 5.2 MMb/d. Natural gas production is up 40% though, to 21.3Bcf/d. That could continue to, by another 30% over the next three years by one analyst but there is a caveat – mid-stream processing and transportation.
ChampionX Reports Strong 3Q22 Results Driven By Higher Than Expected Chemical Revenues
Production Chemical Technologies led the charge with 17% sequential growth as pricing, activity, and share gains increased.
Yesterday: M 2.4 - 5 km SSE of Amarillo, Texas
2.4-magnitude earthquake under the Comanche Trail Golf Course in Amarillo...
Announcing Wanner Engineering, Inc. (Hydra-Cell Seal-less Pumps) as a GOLD sponsor of our May 2023 Oilfield Water Markets Event
Proud to announce Wanner Engineering, Inc. (Hydra-Cell Seal-less Pumps) as a GOLD sponsor for our May 2023 Oilfield Water Markets Conference. The Hydra-Cell pump is a seal-less diaphragm pump for many applications in including but not limited to, #producedwater #SaltWaterDisposal, #WaterFlood, #Chemical Metering and Custody Transfer (Lact Units).
Announcing RWI as a GOLD+Case Study sponsor of our May 2023 Oilfield Water Markets Event
Excited to announce RWI Enhanced Evaporation as a new Gold+Case Study Call-out sponsor for our May 2023 Oilfield Water Markets Conference! The latest research download from Robert Ballantyne will be a highlight, and Michelle Clark and team will be exhibiting cutting edge tech in their booth. RWI Enhanced Evaporation specializes in #wastewater #evaporation equipment
Save The Date May 17-18, 2023! Sponsorships Are Already Going Fast...
Our May 17-18, 2023 conference (Fort Worth convention center) may seem like a long way out, but as of this week, 8 great sponsors have already joined the event, which was just announced earlier this month! As many of you put the event into your marketing budget for next year, we also recommend reserving your preferred sponsorship option before the holidays roll around. Some of the most exciting options - like WiFi, Golf, VIP Dinner, Ranch Water Reception, etc - are likely to be taken well in advance. In fact, special sponsorships already reserved are notebooks (thanks CDX Energy Services) and coffee (thanks Pilot Water Solutions) and one of three case study spots (thanks RWI)! We can work with you on deferring payment into 2023 while reserving your spot now, just shoot us an email to discuss...
EOG Water Project
Operators laid out line out on EOG locations in Jal NM area, ready to start transferring water - #19 lines, 2.2 miles long...
Transforming Oil and Gas Wastewater Into a Valuable Resource
Large oil and gas operators spend hundreds of millions annually to manage produced water, naturally occurring water that is extracted from wells along with oil and gas. It’s a significant part of operating expenses, yet few energy companies use technology to get the most out of the process. That might change with the United States Department of Energy’s revolutionary produced-water optimization program, PARETO, a free and open-source software tool developed by National Energy Technology Laboratory and Lawrence Berkeley National Laboratory.
Wastewater spill from North Dakota pipeline break was 20 times more than originally reported
Tallgrass Energy first estimated that nearly 36,000 gallons of produced water was released during the spill. The company now says the volume was actually closer to 714,000 gallons.
Produced water spill reported near Williston
More than 96,000 gallons of produced water spilled from a pipeline on a well pad Saturday about 6 miles west of Williston, with an unknown amount entering a containment pond next to the well pad.
Hess Midstream LP Announces Increased Quarterly Distribution
The distribution represents a 1.2% increase compared to the distribution on the Hess Midstream Class A shares for the second quarter of 2022, which equals a 5% increase on an annualized basis.
Large oil project asks to inject wastewater into Wyo. Aquifer
A Dallas-based oil and gas company is asking EPA to allow it to inject millions of barrels of briny wastewater from thousands of planned wells on Wyoming public lands into a deep water aquifer.
EIA: Technology lifts Permian productivity to record highs
In its monthly drilling productivity report, the US Energy Information Administration forecasts US oil production will average 9.1 million barrels a day in November and gas production 95.1 billion cubic feet a day.
What a Republican Congress would mean for EPA
Republicans have already laid out a road map for how they would probe the agency. They have made numerous requests to EPA during the Biden administration, pushing for more information about regulations as well as decisions regarding policy and personnel. That will kick into high gear come January if Republicans win Capitol Hill, according to people with first-hand knowledge. Likely probes include the agency’s actions on air quality, wetlands, pesticides and electric vehicles.
Powerful Chemistries Pair Attractive Returns With Environmental Gains
“Water-soluble inhibitors can cause emulsions in produced water that have to be dealt with before disposal,” Duncan explains. “In contrast, the oil soluble inhibitors can be left in the oil that gets sent to the refinery.”
Gravity to expand water gathering system in Midland Basin
Houston-based water infrastructure firm Gravity said recently it reached agreement with a Midland Basin operator for produced water gathering and disposal that will add about 12,000 acres to its industry-leading position. Gravity expects to add 50 million barrels of produced water in near-term development.
Oil and gas industry plans to defend itself against 'prohibitive' policy in New Mexico
“The rules go a little further than they need to with respect to small producers,” Winchester said. “We support good environmental regulation. What we are seeking is a good, level playing field.”
Zooming Out... Broader Water News: Clean Water Act at 50: environmental gains, challenges unmet
Lifelong Cleveland resident Steve Gove recalls when the Cuyahoga River symbolized shame — fetid, lifeless, notorious for catching fire when sparks from overhead rail cars ignited the oil-slicked surface.
CORE Linepipe Busy In Texas
See CORE in action...
Surge Energy America Announces Full Repayment of Revolving Credit Facility
Surge Energy US Holdings Company ("Surge Energy" or the "Company") announces a full repayment in October of the Company's revolving credit facility ("Credit Facility").