Our top two news items below were foreshadowed at our last conference in October in Houston! If you were there, you were in the know!
Here is this week’s industry news & analysis…
Select In $100mm Stock Deal For Breakwater
This is about a week old now since the news hit late last Wednesday evening, but Select acquired Breakwater in a deal they announced with their earnings that makes good on a recurring theme during our October conference at the Houstonian: pending conslidation.
Aris Water Solutions, Inc. Announces Creation of Strategic Agreement with Chevron and ConocoPhillips for Beneficial Reuse of Produced Water
Aris, Chevron, and ConocoPhillips’ goal is to develop cost effective and scalable methods of treating produced water to create a potential water source for industrial, commercial, and non-consumptive agricultural purposes. At our event at the Houstonian, the operator panel highlighted an intent focus on advancing this cause.
Select Energy Services Reports Earnings
Water Infrastructure segment achieved quarterly revenue more than 10% above its previous pre-pandemic peak level.
Ensign Natural Resources Announces Sale to Marathon Oil
Cash consideration of $3.0 billion!
Webinar: Exploring the Potential of Produced Water in 2023
Rick McCurdy of Select Energy Services takes a deep dive into trends and technology.
CNX Underwrites Office Space for Nonprofits, Small Biz in SWPA
We continue to be impressed with CNX Resources and its CEO Nick DeIuliis. CNX and the CNX Foundation are having a huge impact on the southwestern Pennsylvania (and tri-state) region where the company operates.
Dresser Utility Solutions acquires Total Piping Solutions (TPS)
The move will expand Dresser’s product offerings in water and wastewater markets.
WATER TALENT POOL: Aaron Taylor Joins Select As Director
Aaron was at Antero before and also worked at Select in the past...
5 Top Produced Water Treatment Solutions Impacting the Oil & Gas Industry
We analyzed 122 produced water treatment solutions. SEM, Ceraflo, XRI, Catapult Water Midstream & Waterfield Midstream develop 5 top solutions you should watch out for.
MMEX Resources Corp. and Trans Permian H2Hub, LLC Announce Regional H2Hub
MMEX sponsors hydrogen hub filing for US Department of Energy funding
Aris Water Solutions Is Positioned For Further Growth
ARIS has grown revenue and operating income and appears well-positioned in a supportive pricing environment for oil & gas products.
EOG Resources Accumulates 395K Acres in Ohio Utica for Under $500M
An investigative report by TCF Upstream revealed in July that EOG has returned to the Ohio Utica. As part of its third quarter update, EOG confirmed it has returned to the Ohio Utica in a big way, locking up 395,000 net acres.
Mark Your Calendars For The Biggest Water Business Gathering In 2023 - May 17-18
Quick event details for your calendar:
- May 17-18, 2023
- Fort Worth Convention Center
- 400+ Attendees Expected
- Top Golf Outing Optional
Paper On Proppant Fluid Compatability
Rockwater Energy Solutions penned a paper on proppants and the potential issues with current FR's being used in the field today. Pre testing and on-site testing is still important for a successful fracture treatment.
Devon Touts LNG Partnership, Lower 48 Acquisitions After Strong Third Quarter
With LNG exports seen driving U.S. natural gas demand growth over the coming years, Devon Energy Corp. is positioning itself to capitalize on premium global gas prices, management said Wednesday.
Can Refracs Boost U.S. Shale Output?
While refracturing has never really gone mainstream, the technique is seeing higher adoption as drilling technology improves, aging oilfields erode output, and companies try to do more with less.
Third-Party Issues Seen Challenging EQT Operations Into 2023
“These third-party constraints, along with water restrictions due to drought conditions in parts of the [Appalachian] basin, negatively impacted our 2022 production by more than 150 Bcfe, or 7% compared with our original volume expectations,” said CEO Toby Rice during a call to discuss the company’s third quarter results.
Of Interest - A New Definition Of Water & Energy?? Sewage - The Next Renewable Energy Breakthrough
Washington State University researchers have discovered a new way to treat sewage to create natural gas.
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