Here is this week’s industry news & analysis…
XRI's New Evolution Pipeline System Will Mitigate Permian Seismicity Through Produced Water Recycling And Diversion
XRI has announced the Evolution Pipeline System, a purpose built large-scale, multi-producer water recycling and produced water infrastructure network connecting XRI’s existing Midland County pipeline infrastructure system to infrastructure in Reagan and Upton counties. When the Evolution Pipeline System is completed, the combined System will comprise a total of 230 miles of pipeline infrastructure with recycling facilities and produced water disposal wells covering much of the Midland Basin.
B3 Insight releases produced water dataset for Wyoming
B3 Insight has released a comprehensive water data offering for Wyoming, the company announced on Monday. This unique dataset is the first of its kind, and integrates data for injection wells, production sites, water rights and land parcels in addition to many water management layers and workflow tools.
Bison Water Midstream Acquires Lagoon's Oklahoma Assets and Overflow Energy's Water Infrastructure in the STACK
Bison Water Midstream, Oklahoma's largest water infrastructure and logistics provider, today announced it has acquired all of the Oklahoma assets owned by Lagoon Water Midstream as well as the water infrastructure owned by Overflow Energy in the STACK.
Lesser Prairie-Chicken Listed Under the Endangered Species Act
Following a rigorous review of the best available scientific and commercial information regarding the past, present and future threats, as well as ongoing conservation efforts, the U.S. Fish and Wildlife Service is listing two Distinct Population Segments (DPS) of the lesser prairie-chicken under the Endangered Species Act (ESA).
Seeking Clarity in Murky Waters
The produced water conundrum in the Permian Basin will be solved by a mix of recycling, disposal, and future breakthroughs in technology currently being studied.
Summit Midstream Partners, LP Completes Bolt-on Acquisitions in the DJ Basin
Summit closed on the previously announced DJ Basin acquisitions of Outrigger DJ Midstream and Sterling Energy Investments LLC, Grasslands Energy Marketing LLC and Centennial Water Pipelines LLC for approximately $305 million in cash. The acquisition of Outrigger DJ and Sterling DJ combined with the previously announced divestitures of the Lane G&P and Bison Gas Systems represents a meaningful step forward on Summit's overall corporate strategy to streamline its portfolio and create value through reinvestment in accretive transactions that build scale in our core growth basins.
WATER TALENT POOL: CNX Announces Water Foreman Hire
When searching for our next Water Foreman, we needed to find someone with excellent problem-solving skills - and we found that in Jonathan Kirk. Jonathan began his career at CNX as an industrial engineer and then production supervisor from 2012 to 2015.
WATER TALENT POOL: GPOR Water Team Promotion
Josh Thompson has been promoted to Water Transfer Supervisor at Gulfport Energy Corporation.
Laredo Petroleum Sets New Water Recycling Targets; Rebrands As "Vital Energy"
Laredo published its 2022 ESG and Climate Risk Report, which provides a comprehensive update on key ESG initiatives across the Company, as well as newly defined emissions reduction and water recycling targets. Specifically, Established they now target of 50% recycled water to be used in completions operations by 2025. The company increased the percentage of recycled water utilized in completions operations to 26% in 2021.
Activist investor calls for BlackRock CEO Fink to step down over ESG ‘hypocrisy’
Shareholder Bluebell expressed concern about the “reputational risk (including greenwashing risk) to which BlackRock under the leadership of Larry Fink have unreasonably exposed the company.
Permian Basin Power Surge
A pair of innovative field development strategies are helping tame the wild, wild Permian Basin.
DRBC to Consider Amending Fracking Water Rules During Wednesday Morning Business Meeting
The Delaware River and Bay Commission meets to discuss a resolution to amend the Comprehensive Plan, Water code and Special Regulations regarding importations of water into and exportations of water from the Delaware River Basin and discharges of wastewater from high volume hydraulic fracturing and related activities.
Piper Sandler Advises on Cypress Asset Sale to Select
Piper Sandler & Co. served as the exclusive financial advisor to Argonaut and Cypress.
New Research Dives into Fracking’s Impact on Water Flow in Ohio
It found reductions that were severe and had the potential to negatively impact ecosystems.
Summit expands footprint in DJ Basin in deals totaling $305M
The company has divested other assets this year as it works to streamline its portfolio.
What the oil sell-off means for the shale patch
What does the weaker price environment mean for the US shale patch? They asked around. Opinion is divided, but here are five things the Financial Times learned…
Inside the 14-Year Battle to Secure a Water Line for Fracking’s ‘Ground Zero’
Long-suffering residents of Dimock, Pennsylvania, feel cautiously hopeful after Gov.-elect Josh Shapiro announces plea deal with natural gas company.
Lawsuit to protect minnow imperiled in Pecos River, Rio Grande of southern New Mexico
The lawsuit filed in federal court called on a judge to issue a court order compelling the agencies to reassess water management activities along the river and their impacts on species like the silvery minnow.
Texas Alliance: More infrastructure will ease emissions concerns
“We need big pipeline investment into the Permian to get that stranded gas out of there. There have been some exciting new consumers of that gas in the Permian, whether it’s Bitcoin or other manufacturers. That’s the solution to flaring. We need more pipelines.”
ACROSS THE POND: UK: Consent for importing radioactive waste for disposal at Brockham
Angus Energy has come a step closer to disposing of produced water at its oil production site at Brockham in Surrey.
Canada: What Caused Alberta’s Record Quake? Check Drilling, Experts Say
Last Tuesday’s 5.8 tremor occurred in an area where wastewater is injected underground, building pressure over time.