Here is this week’s industry news & analysis…
News Digest
Aureus Energy Services Inc. Receives Commercial Permit for Water Recycling Facility in Upton County, Texas
Set on an efficient, 50-acre footprint, the SWRF features a throughput capacity of over 60,000 barrels per day of recycled produced water, with the potential for Aureus to rapidly double this capacity as demand increases.
WhiteWater Midstream says rising Permian production underscores need for pipelines
Falling natural gas prices at the Waha header in Pecos County – briefly falling to a negative $2 per Mcf due to pipeline maintenance – underscores the need for more takeaway capacity.
Biden tightens restrictions on methane leaks from oil drilling
The Biden administration announced Friday that it was making its proposed methane regulations even tougher, cracking down on leaks of the greenhouse gas during oil and gas drilling.
Gardes’ Vision’s takes over North Fork pipeline
Plans to inject produced water to grow CI field’s natural gas production.
Lagoon Water Midstream ESG Report
Utilizing sound engineering controls, our facilities are fully automated and designed with oversized containment to minimize discharges, including discharges to navigable waters, and are continuously monitored and regularly inspected to reduce fugitive emission
Houston Chronicle Coverage Of Aris/Chevron/Conoco Collab News
Efforts to convert the water produced alongside crude and natural gas into a beneficial water source continue to proliferate throughout the Permian Basin.
PA Lawsuit Blames Chevron Fracking for PFAS Chemicals in Water Well
A recently filed lawsuit in Washington County, PA, Court of Common Pleas accuses Chevron of using PFAS chemicals in fracking that leaked into a local water well and has/is poisoning the landowner and his family. Here we go again.
Industry starts to look at Austin for next legislative session
Lt. Gov. Dan Patrick said his focus as he leads the Texas Senate will be ensuring the state has sufficient supplies of natural gas to generate electricity and to heat and cool Texas homes.
Does A Slew Of M&A And Drilling Activity Signal A Rebound In The Eagle Ford?
Way back in 2015, the Eagle Ford Shale in South Texas was big news, duking it out with the Permian and the offshore Gulf of Mexico for the #1 spot in crude oil production and with the then-preeminent Haynesville for top honors in natural gas output. But the mid-decade crash in oil and gas prices hit the Eagle Ford harder than any other U.S. production area...
Horizon Mud changes corporate name to HMC Fluids
To reflect company changes, Farish announced the company is now known as HMC Fluids and Engineering, which reflects its history and core values while also reflecting its new focus.
Maximizing lithium production efficiency
Interview with Zachary Sadow, CEO of KMX Technologies
Upcoming Webinar On Water Treatment...
On December 8th, KMX CEO Zachary Sadow will speak with Scotiabank Energy Analyst, Paul Cheng, about the opportunities presented by beneficial reuse and desalinating produced water, the emerging interest in monetizing lithium and other critical minerals found in produced water, and KMX’s unique cross-cutting technology, including its application in upstream and downstream oil & gas operations.
Companies make point of supporting communities that support them
Among one of the most important requirements for the oil and natural gas producers at work in the Permian Basin is to support the communities where they operate, and it’s a maxim followed by companies large and small.
U.S. E&Ps Step Up Oil Production as Demand Climbs, Recession Lurks
Domestic crude production climbed notably last week, putting output near the 2022 peak, as U.S. demand accelerated and global market conditions tightened.
EIA Nov. DPR Shows Healthy Gain for M-U, but Haynesville Roars
The latest DPR shows an improvement for the M-U. Between November and December, EIA predicts the M-U will add another 135 MMcf/d (million cubic feet per day) of new production. However, the Permian will add 125 MMcf/d for the same period, and the Haynesville will add a huge 174 MMcf/d.
Drilling picks up steam across US, Texas and Permian
Oilfield services firm Baker Hughes said Friday the US rig count it has reported weekly since the 1940s jumped nine rigs to 779, the highest level since March 2020 and the second consecutive weekly increase. The count is 223 rigs higher than the 556 reported last November.
Enerplus to Focus on US Shale Following Canadian Divestiture
“This was part of our previously announced plans to continue to focus the portfolio on our strategic position in the Bakken,” explained Enerplus CFO Jodi Jenson Labrie on the company’s quarterly earnings call on Nov. 4.
PA State Sen. Katie Muth’s Attempt to Block Dimock Wastewater Plant Dismissed
Pennsylvania State Senator Katie Muth’s attempt to block a proposed frack wastewater treatment plant in Dimock (hours away from her own district) has completely bombed out.
Shell, oil giant, enters the bitcoin mining sector
Is crypto still a thing after the big platform collapse and shellacking of coin prices? We'll see...
EQT Sues Baker Botts Law Firm Over Pipeline Deal
EQT has sued its own (former) law firm, Baker Botts, and one of the partners at the firm, for allegedly giving the company bad advice with respect to the Hammerhead Pipeline gathering system owned by Equitrans Midstream (EQT’s former subsidiary).
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