Here is this week’s industry news & analysis…
Texas Railroad Commissioner Jim Wright To Deliver Keynote At Oilfield Water Markets Conference May 18th & TX RRC Added As Exhibitor
Jim Wright, Commissioner at the Texas Railroad Commission, will address the Oilfield Water Markets Conference on the morning of May 18 at the Fort Worth Convention Center.
LOOKING FORWARD TO MAY: WaterBridge Is A Proud Sponsor Of The Upcoming Oilfield Water Markets Conference!
In a post on LinkedIn, WaterBridge says they hope to see you at our May 17-18 conference at the Ft Worth Convention Center!
Colorado takes aim at oil and fracking water use in new bill, worrying the industry
Billions of gallons of water come out of Colorado oil and gas wells. A bill proposes to make oil companies reuse that for fracking.
Encore Green Environmental Announces New Produced Water Program
The first Nomad Excel project will deliver 2,000 barrels of distilled water per day. Testing of the water will be done by New Mexico Produced Water Research Consortium of New Mexico State University.
LOOKING FORWARD TO MAY: Be On The Look Out For TruClear!
Be on the look out for TruClear Water Solutions at the Oilfield Water Markets Conference! TruClear posts that they are a proud sponsor of the event!
Select Energy Announces a New $50M Share Repurchase Program
This new authorization is in addition to the $8.6 million remaining outstanding under the Company's previous $25 million authorization, as of December 31, 2022. The combined outstanding repurchase authorization represents nearly ten percent of the Company's outstanding Class A common stock based on the closing price on Friday, March 17, 2023.
Texas Senate takes first step toward establishing billions for state’s water supply, infrastructure
Voters would have the final say on whether the state sets aside billions of dollars to acquire new water sources and invest in aging infrastructure.
Chevron Investor Day Addresses Diverging Midland (+) vs. Delaware (-) Production Trends
Delaware Production was impacted by long-sitting DUCs. In 2023, the company will be making some Delaware program changes with more primary bench developments in New Mexico.
LOOKING FORWARD TO MAY: R.B. Mosher Is A Gold Sponsor!
Don't forget to book your stay so you can stop by and see them at their booth! They look forward to seeing everyone there and sharing all the new things they are doing in filtration.
U.S. Natural Gas Drives Global Energy Security, Environmental Progress
The future of our world’s cleaner and more secure energy future will be driven by abundant, American natural gas, global energy experts, elected officials, and industry professionals recently touted.
Range Resources CEO Jeff Ventura to Retire from Marcellus Shale Pioneer
Jeff Ventura, president and CEO of pioneering Marcellus Shale player Range Resources Corp., will retire this summer. Range’s board tapped Dennis Degner, currently executive vice president and COO, to become the company’s next president and CEO.
Leaders Must Stand Up, Make Case for U.S. Natural Gas, Says EQT Exec
EQT Corp. may be the nation’s largest natural gas producer, but it’s all in on sustainability and the energy transition. That said, natural gas is part of the solution, not the problem, a top executive said.
PBPA closely watching legislation from DC, Austin, Santa Fe
Legislators from Austin to Santa Fe, New Mexico, to Washington, D.C. are considering or enacting bills that will impact the Permian Basin’s oil and gas industry.
How State Regulators Allowed a Fading West Texas Town to Go Over Four Years Without Safe Drinking Water
The Texas attorney general finally filed suit last year, but some residents in Toyah say the Texas Commission on Environmental Quality was “negligent” and want to know what took so long.
BlackRock CEO Says Oil & Gas Now OK
After attacking the industry for so long, BlackRock is feeling the heat from oil & gas states and from weak returns.
Shale Drilling Set for 20% Drop at Current Prices, Quantum Says
The US shale patch may lose as much as 20% of its activity over the next year if energy prices hold at current levels, according to one of the biggest private equity players in the industry, Quantum Energy Partners.
Fiber optics identifies source of water entry
While drilling the lateral of an unconventional well in the Permian Basin, an operator observed a large inflow of water into the wellbore, impacting the mud system and raising concerns about excess water production after the well was completed.
TCEQ finds no violations by Midland Water System following boil water notice
The TCEQ also received a complaint claiming the Midland lab testing the water quality had been mismanaging the paperwork necessary to ensure the water was safe.
Man killed at oilfield facility near Orla, Texas. Company ordered to pay $40,000
The worker, whose name was not released to the media, was skimming and suctioning out sludge water and oil byproducts from the pit, read an OSHA report, and died after being exposed to the toxic gas.
Oil slips on demand fears, market awaits Fed decision
Oil prices edged lower on Wednesday following fresh indications of weak demand, and as the market awaited a crucial interest rate decision by the U.S. Federal Reserve.
Global Emissions Trading Raised A Record $63 Billion In 2022
Emissions Trading Systems (ETS) raised a record $63 billion for governments last year, as the energy crisis pushed policymakers to double down on decarbonization efforts, intergovernmental forum International Carbon Action Partnership (ICAP) said in a new report on Wednesday.