We are getting pretty excited about our fast approaching produced water conference in Pittsburgh serving the Marcellus Utica water community. Please take a look at the strength of the speaker lineup and agenda when you get a chance and join us if you can! Here’s a link to the event page. Hear from EQT, Gulfport, Chesapeake, B3 Insight, Rystad, ALL Consulting, Diversified Energy, Babst Calland, Equitrans, Geosyntec, Energy Water Solutions, Keystone Clearwater Solutions, and many more big names in the region!
Here is this week’s industry news & analysis…
GWPC RELEASES 2023 PRODUCED WATER REPORT [95 page pdf download]
A must read for anyone in the oilfield water business, this is a wide ranging report with tons of data
Water Treatment, Infrastructure Capacities Expanding Across Permian
Deep dive article from AOGR on Permian Water Midstream, mentioning updates from XRI, Lagoon, Select, Goodnight, Aris, & more...
Natural Gas Impact Fee Generates Record $279 Million in 2022 for Communities Across Pennsylvania
“Pennsylvania-produced natural gas benefits families and businesses with access to abundant, reliable energy while injecting millions of dollars annually into environmental programs, infrastructure upgrades, public parks and public safety in both producing and non-producing regions alike,” said Wissman. “Our industry has long invested and operated in the Keystone State with the safety, health and economic growth of local communities in mind.”
Pilot Water, Chevron sign produced water agreement [Follow Up Coverage]
New water infrastructure is planned to help address seismicity in the Delaware Basin and help one of the Permian’s major producers manage its produced water.
Washington County family takes 2 corporations to court over fracking health concerns
Family sues despite the fact that an investigation by the Pennsylvania Department of Environmental Protection found no elevated chemicals and no linkage between the fracking and the family’s health problems.
Canada: In B.C.’s bone-dry northeast, what happens when wildfires and fracking collide?
The Donnie Creek wildfire, the largest ever recorded in the province’s history, is burning in one of the world’s biggest gas deposits, suspending fracking operations.
OILFIELD M&A: Civitas Resources to Enter Permian Basin through Transformative Transactions
Civitas Resources announced the signing of two definitive agreements to acquire oil producing assets in the Midland and Delaware Basins of west Texas and New Mexico. The agreements were signed with affiliates of Hibernia Energy III, LLC and Tap Rock Resources, LLC, which are respective portfolio companies of funds managed by NGP Energy Capital Management, L.L.C. (“NGP”), for total consideration of approximately $4.7 billion, subject to customary purchase price adjustments.
OILFIELD M&A: Earthstone Energy Announces $1.0 Billion Delaware Basin Acquisition
Earthstone Energy entered into an agreement to acquire Novo Oil & Gas Holdings, LLC, a privately-held Delaware Basin focused E&P company backed by EnCap for $1.5 billion.
OILFIELD M&A: Patterson-UTI Energy and NexTier Oilfield Solutions to Combine in Merger of Equals, Creating Industry Leading Drilling and Completions Services Provider
Patterson-UTI Energy, Inc. and NexTier Oilfield Solutions Inc. announced that they have entered into a definitive merger agreement to combine in an all-stock merger of equals transaction. The combined company, with an enterprise value of approximately $5.4 billion, will be an industry leading drilling and completions services provider with operations in the most active major U.S. basins, and strong free cash flow to accelerate the return of capital to shareholders.
OILFIELD M&A: Small Pressure Pumpers Combine Forces
Flying A Pumping Services has purchased Grappler...
Inside the race to remake lithium extraction for EV batteries
The global battle to reshape the lithium industry is sucking in oil producers, tech startups and entrenched mining giants, each jockeying to be the first to reinvent how a metal key to the green energy transition is produced.
Natural Gas Futures Open Higher, Extend Win Streak Amid Signs of Supply/Demand Tightening
Coming off four consecutive gains – and a big bounce on Thursday — natural gas futures trended further upward to kick off the final trading session of the week.
US gas production in the Permian exceeds 2022 record, keeps growing
Gross natural gas withdrawals in the US Permian region set a record high last year at 21.0 billion cubic feet per day (Bcf/d), 14% above the 2021 average, and output keeps rising going into 2023.
EIA: Permian sets natural gas production record
Long a powerhouse – both nationally and globally – in crude oil production, the Permian Basin has also become a powerhouse natural gas producer.
PEOPLE ON THE MOVE: Nate Alleman
Nate Alleman announced that he is Chief Regulatory Advisor at Ace Energy Advisors as of June 2023. Previously he had spent 15 years at ALL Consulting where he was Water Infrastructure Team Lead until this month.
Permian Basin expected to lead Texas in percentage growth in jobs and output
The future outlook for the Permian Basin includes a lot of growth and output. Compared to the rest of the State of Texas, the expectation is for the region to lead the way.
Energy company fined $225K for 'produced water' release near Drayton Valley, Alta.
The guilty plea concerns a "discharge of produced water" on a pipeline right-of-way about five kilometres west of Drayton Valley, Alta., in December 2020.
White House picks up the pace on regs
The White House revealed plans for energy and environmental regulations last week, with rules primed to meet a crucial deadline to avoid being overturned by Republican lawmakers if President Joe Biden loses his reelection bid.
Meet the Texas commissioners who could stymie Biden’s climate agenda
The commission plays a pivotal role by approving the companies’ methane releases — something its critics say it does all too readily.
Can ExxonMobil Lead A Second Shale Revolution?
CEO Woods laid out his recent challenge to his internal staff to find ways to double the company’s per-well recoveries in its U.S. shale operations over the next five years.
Where else can you buy 3 SWD's in the Midland Basin for $500k?
swd package in dawson county...