Here is this week’s industry news & analysis…
William Harvey Leads Voyager Midstream In Securing Substantial Equity Commitment From Pearl Energy Investments
Voyager Midstream, a newly formed independent midstream company headquartered in Houston and Midland, Texas, announced it has secured an initial capital commitment from Pearl Energy Investments to pursue the acquisition and development of crude oil, natural gas, and produced water infrastructure across key North American supply basins. Voyager’s founding partners, Will Harvey and Martin McHale, are energy industry and midstream veterans with a track record of success. Harvey most recently was the Senior Vice President of Corporate Development for Aris Water Solutions...
More Oilfield Capital Being Put To Work - Cowboy Exploration Has A "Sizeable War Chest" Now
Cowboy Exploration has secured a substantial capital commitment for the purpose of acquiring and holding producing non-operated working interests in conventional wells.
Warren Buffett lifts fossil fuel bets as global ESG push mints bargains
Berkshire Hathaway is using a dip in commodity prices to load up on some of Buffett’s favourite oil and gas investments
Matador Resources Reduces Drilling Program But Increases Production Guidance. Also Says Service Costs Are Deflating...
Doing more with less is going to be an E&P theme to watch. From Matador's new press release this week: "We currently plan to operate just seven drilling rigs for the remainder of 2023.... Due to the various work by our drilling and completions teams to increase our capital and operational efficiencies, we expect to turn to sales the same number of operated wells in 2023 as we had previously planned... We will continue to evaluate when to add back an eighth drilling rig depending on our realization of decreased service costs" etc.
Kelly Bennett Writes: Water Is The Nexus
Water resides at the convergence of so many matters: human health and economic output, environmental health and stability, energy production, and energy transition; the list is as long as you want to make it. Its critical importance to so many diverse interests makes water simultaneously exciting and confounding.
Check Out Cascade Services At Work
Nice shot of water infrastructure here courtesy of Cascade Services and Jennay Swinbank...
Warmly Welcoming Select Water Solutions & Microfinish Valves As The Latest Sponsors Of The 2nd Annual Marcellus Shale Water Business Update
Select joins as lanyard sponsor and Microfinish Valves is exhibiting sponsor. There are a few last minute sponsorship opportunities if your organization would like visibility with the biggest names in Appalachian water attending this event. It's coming together great with over 100 folks expected and the who's who of regional water on the attendee list!
Check Out Stellar Agenda & Speaker Lineup For Fast Approaching Marcellus Water Conference
The speaker list features many of the region's top E&P water managers as well as service leaders in the Appalachian Water Sector. The agenda tackles the most important water market issues in the shale play.
Breakthrough chemistry prediction for lithium production and recycling
Different chemical processes are utilized for extracting lithium from various sources, including salars, lithium-bearing minerals, lithium-bearing clays, recycled batteries, oilfield produced water, hydrothermal deposits, and seawater. To achieve efficient and sustainable production, it is essential to comprehend the chemical mechanisms involved in each process.
While you were sleeping: Two quakes shake NNE of Odessa
A pair of earthquakes happened north-northeast of Odessa early Saturday morning, according to information from the US Geological Survey.
Beg to 'Defer': Agency Deference in Recent Pennsylvania Court Cases and Its Future
This article will investigate the Pennsylvania Commonwealth Court and Supreme Court’s recent rulings on agency deference.
Nationwide Poll Shows 88% Want Oil & Gas Produced in U.S.
Results from a new poll conducted by Morning Consult (on behalf of the American Petroleum Institute) indicate that an overwhelming majority of voters not only support the production of more American energy but also want the economic contributions of oil and natural gas to inform energy policies in the United States.
Research, technology ride to the rescue of water supplies
The conversation about cleaning up municipal wastewater, brackish water, and produced water from oil and gas extraction is starting to change.
WATER TALENT POOL: Kelley Hall Join Dalbo Holdings as Director of Business Development in the Permian Basin
DHI makes key appointment to lead the team in the Permian. We look forward to seeing Kelley at Oilfield Water Connection events in the future!
EQT Appoints Former Investment Banker Jeremy Knop as New CFO
Jeremy Knop has led EQT’s M&A strategy since joining the company in January 2021. In his prior life, the 35-year-old Knop was an investment banker.
Aborted Epiphany PA Wastewater Plant Resurrected w/PENNVEST Loan
In 2017 Epiphany Water Solutions (aka Epiphany Environmental, LLC) filed for a permit to build a centralized oil and gas wastewater treatment facility. After years of delay and environmental opposition, Epiphany has just received a $6.1 million loan from the Gov. Shapiro administration to build a similar (same?) plant several counties away–in Clarion County, PA.
Trimac takes on Jacknife Oilfield Services
Trimac Transportation recently acquired Jacknife Oilfield Services in a move the bulk carriers says solidifies its position as a leader in fluid hauling in the Western Canadian Sedimentary Basin.
This Arkansas Town Could Become the Epicenter of a U.S. Lithium Boom
Exxon Mobil, a new player in the hunt for U.S. lithium, is planning to build one of the world’s largest lithium processing facilities not far from Magnolia, with a capacity to produce 75,000 to 100,000 metric tons of lithium a year, according to people familiar with the matter.
Devonian Services Finishes a 2 Million BBL Produced Water Pond in the Permian
Nice image from a LinkedIn post about the project.
Exxon Plans to Double LNG Biz by 2030 to Supply Asia & Europe
An Exxon Mobil executive told the Nikkei news service his company is looking to nearly double the volumes of liquefied natural gas (LNG) it is handling to more than 40 million tons per annum (MTPA) by 2030.