Tons of really interesting headlines this week… enjoy!
After perusing, please double check that you are registered for the biggest oilfield water event of the year as it’s only 5 weeks away now!
May 17-18 | Ft Worth Convention Center | link
Here is this week’s industry news & analysis…
News Digest
Mark Your Calendars for the B3 Ripple Effects Summit
Held in partnership with the Oilfield Water Connection’s Oilfield Water Markets 2023 Conference, the 3rd Annual Ripple Effects Summit is a chance for you to connect with our incredible community of B3 Insight customers on key oilfield water trends, challenges, and opportunities.
Pull Up A Chair To E&P-hosted Roundtables As Operators Evaluate New Solutions & Partners At Oilfield Water Markets Conference This May In Ft Worth
Instead of solution providers doing one-way dialog or sales pitches and hoping customers stop by their tables, they are empowered to join tables hosted by produced water power users to hear directly what is on the customer’s mind and then share relevant thoughts back to these E&P decision makers.
SHOCK POLL: 1/2 OF New Mexcio Citizens Would Drink Treated Produced Water!
New Mexico Desalination Association held meeting to discuss the reuse of produced water and over half of New Mexicans surveyed said they would drink treated wastewater from the oil and gas industry, according to a poll conducted by the New Mexico Produced Water Research Consortium.
SHOCK HEADLINE: Exxon Rumored To Consider Buying Pioneer For $72 Billion
Pioneer is the largest leaseholder in the Midland Basin portion of the greater Permian Region, while ExxonMobil has long held sway as the biggest fully-integrated U.S. domestic oil and gas company.
Core Linepipe Continues To Grow With Support From Pillar Four
PillarFour Capital Partners, an energy focused private investment fund, is pleased to announce an investment in CORE Linepipe Inc.
Oklahoma Corporation Commission make oil, gas companies limit wastewater disposal
Wastewater disposal is limited near the town of Carney, OK after quake.
Tourmaline Setting Pace In Recycled Water Use
Tourmaline Oil Corp. is reaching new heights in the area of recycled water use in Alberta and helped shape policy that allows other companies to follow.
Chris Wright Comments On Elon Musk's Energy Plan
Check this out and plan to come hear Chris Wright in person as he delivers a keynote on the Future of Energy at our upcoming Oilfield Water Markets Conference in Ft Worth this May!
Court throws out gas pipeline's West Virginia water permit
Siding with environmental groups, the court said Monday the state Department of Environmental Protection's justifications for its 2021 water quality certification were "deficient”.
Groundwater stress induced by shale resources development in the US: Evolution, response, and mitigation
Technical paper proposes a new SGS evaluation model based on an improved concept of groundwater footprint.
Investigator: Number of Permian quakes trend downward
Official: Occurrence of earthquakes reached a maximum level over the last 12 to 14 months “and have been decreasing since then in a real sense”.
USGS reports 3.8-magnitude quake was first of two near Stanton
A 3.8-magnitude earthquake that took place around 1:14 a.m. Monday northwest of Stanton was one of two in the area, according to the US Geological Survey.
Matador Resources Company Prices Upsized Offering of $500 Million of Senior Notes Due 2028
Matador increased the size of the offering from the previously announced $400 million to $500 million. The offering is expected to close on April 11, 2023, subject to customary closing conditions.
Oil and gas-related spills increased 16% in Colorado in 2022, report finds
A report from a Denver-based environmental group shows that Colorado’s oil and gas industry is trending in the wrong direction on drilling-related spills.
How To Leverage E&P Expertise for the New Energy Economy
The technology and knowledge base of the E&P sector is poised to play a major role in the newer, lower-carbon energy economy.
Occidental Makes a Billion-Dollar Climate Moonshot—So It Can Keep Pumping Oil
Petroleum giant says its plan to capture and store carbon dioxide will give it leeway to invest in fossil fuels.
Cascade Adds A Pair of 500,000 BBL Produced Water Impoundments
Completed in Q1 of this year, it was added to a customer’s recycling facility.
$5 Million Funded for One of Western Canada's Largest Fluid Hauling Operations
Dynamic Capital Equipment Finance Inc. (Dynamic Capital) recently funded a $5,000,000 term loan through the utilization of its own in-house financing for client Crude Master Transport Inc. (Crude Master), turning Crude Master into one of the largest fluid hauling operations in Western Canada.
Clara Twp Stops Responding re Ordinance Banning Injection Wells
It appears the state Dept. of Environmental Protection (DEP) is about to issue a permit for a well. The federal EPA has already signed off and approved the plan. However, the township is attempting to block the injection well by amending a previous ordinance.
ACROSS THE POND: Australia - NT government should charge fracking companies more for groundwater use, economists say
The Northern Territory government is about to make fracking companies pay for groundwater use, but water economists say the fee is far too cheap and will leave taxpayers out of pocket.
Marcellus Midstream First!
Pin Oak Midstream, LLC, Magellan Scientific, LLC, and Anax Power are building the world's first Anax Power letdown generator installation paired with Magellan Scientific's data center at a Pin Oak Midstream natural gas regulating station.
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