Only 4 weeks left until the produced water sector takes over the Fort Worth Convention Center at the Oilfield Water Markets Conference! Are you registered? There’s only a few exhibiting spots left. The hotel block is filling up fast. General registration is on track to sell out… so please take a minute this week to make sure you are all set to join your customers, peers, and competitors who will all be there! CONFERENCE WEBSITE LINK>
Special thanks to the event’s 50+ sponsors! We’ll see you all there for water midstream’s main event of the year…
Here is this week’s industry news & analysis…
Goodnight Midstream Announces New CEO
Goodnight Midstream announced yesterday that Grant Adams has been promoted to CEO. Goodnight's current CEO, Patrick Walker, will continue to serve as an active member of Goodnight's Board of Directors upon completion of the CEO transition process.
E&P Roundtable Preview - May 17th At Fort Worth Convention Center
Here are round tables you can join that will be hosted by produced water power users at the 3rd Annual Oilfield Water Markets Conference We expect this innovative tweak on who hosts to drive highly productive discussions for all attendees!
- Beneficial Reuse (Tyler Hussey, Apache & Alan Van Reet, Pioneer Natural Resources)
- Balancing Recycle & Injection Inside An Asset's Footprint (Kade McCollough, Surge Energy)
- Produced Water Sharing Between Operators (John Coyle, Marathon)
- Building Water Midstream In-House vs. Outsourcing (Phillip Douget, Blue Ox Resources)
- Produced Water Issues Outside The Permian (Paul Hart, Diversified Production)
- Pit Cleanouts & Oil In Pits (Ben Warden, Diamondback)
- Spill Minimization (Omar Visairo, Chevron)
- Shallow Interval Pressure (Pat Patton, B3 Insight)
- Shale Data Trends (Ryan Hassler & Justin Mayorga, Rystad Energy)
Texas Eyes Marine Desalination, Oilfield Water Reuse to Sustain Rapid Growth
Environmentalists have raised concerns about a bill moving through the Texas Legislature that would create a new fund for desalination, beneficial reuse of produced water and inter-state water purchases.
Awash in Toxic Wastewater From Fracking for Natural Gas, Pennsylvania Faces a Disposal Reckoning
A grand jury and the EPA have cited potential disposal problems, and activists are fighting new injection wells. Yet the gas industry claims fracking is essential for the state’s economic health and that most of its wastewater is safely recycled. A hit job on the industry, but it is good to know that oilfield water is on people’s minds.
$5 Million Funded for One of Western Canada’s Largest Fluid Hauling Operations
Dynamic Capital Equipment Finance recently funded a $5,000,000 term loan through the utilization of its own in-house financing for client Crude Master Transport, turning Crude Master into one of the largest fluid hauling operations in Western Canada. Late March 2023, Crude Master acquired all shares and assets of Excel Oil and Water Hauling Ltd.
WATER TALENT POOL: Aureus Energy Services Is Hiring
Aureus Energy Services is currently hiring for water transfer positions, including: Water Transfer Crew lead, Water Transfer Field Technician, Water Transfer Coordinator.
Report: Spills related to oil, gas extraction up in Colorado, New Mexico, down in Wyoming
Oil spills that companies reported last year in Colorado, New Mexico and Wyoming – the Mountain West's top oil- and gas-producing states – totaled a minimum of roughly 900,000 gallons, according to a Center for Western Priorities analysis of state data.
Matador Resources Company Announces Closing of Strategic Bolt-on Delaware Basin Acquisition
Matador Resources announced the closing of its wholly-owned subsidiary’s previously-announced acquisition of Advance Energy Partners.
Diamondback Considers West Permian Basin Asset Sale
This comes as a surprise to many in the industry as Diamondback, a leading independent oil and gas exploration and production company in the United States, has been a major player in the West Texas oil and gas scene for some time.
New sludge recovery technology for treating hazmat disposal of oil and gas wastewater announced
Cyber Enviro-Tech, Inc. (CETI) a water science technology company, has announced the launch of its sludge recovery technology (SRT) designed to recycle and repurpose contaminated oil production and fracking wastewater.
With a New Pennsylvania Governor, Lawmakers Push to Move Drilling Sites From Communities
Proposed legislation would prohibit new fracking wells within 2,500 feet of an existing building or water well.
'Forever chemicals' found in New Mexico oil and gas wells. Could toxify water, study says
The report studied the presence of per- and polyfluoroalkyl substances (PFAS) during hydraulic fracturing, or fracking, a drilling technique that pumps a mixture of water, chemicals, and sand underground to break up shale rock so crude oil and natural gas can be extracted.
Oil slides as interest rate expectations eclipse Chinese data
Oil prices dropped sharply on Wednesday, sliding by 2% as potential U.S. interest rate hikes that could slow growth and curb oil consumption outweighed strong Chinese economic data and falling U.S. inventories.
Natural Gas Futures Pare Gains as Traders Mull Late April Chills
Natural gas futures pared their recent gains in early trading Wednesday as the market continued to mull the impact on balances of a chilly late April weather pattern.
ConocoPhillips Says Permian Basin Will Power Oil Production Growth
ConocoPhillips expects an average of 7% production growth in the Permian over the next decade, with about two-thirds of new drilling concentrated in the Delaware sub-basin, with production costs averaging less than $35 per barrel.
US Permian has not yet seen peak oil production -Occidental CEO
Crude output in the Permian basin in Texas and New Mexico, the biggest U.S. shale oil basin, is expected to rise to 5.62 million barrels per day this month, according to estimates from the U.S. Energy Information Administration.
Disposal Well Operators Told To Stop, Reduce Injections After Earthquakes
Regulators told some injection well operators close to the epicenter of a magnitude 4.0 earthquake that they will have to shut down their operations indefinitely.
Opinion: Hickenlooper’s Colorado River Caucus will bring needed clout to Washington
Rescuing the West’s water lifeline will require 7-state cooperation, compromise, resources — and political horsepower.