One week from now, 100+ shale water professionals will gather at the Pittsburgh Westin for the 2nd Annual Marcellus Shale Water Business Update. The conference features strong E&P participation, a great speaker lineup, and top-tier sponsors (oh, and a baseball game the night before in the VIP suite with 80+ industry friends). Thanks to everyone involved – see you in Pittsburgh next week!
Also, save-the-date November 2, 2023 – that’s when industry leaders will meet again at the Houstonian for the 5th Annual Oilfield Water Industry Update. 2 new sponsors just joined: Renovo Resources as coffee sponsor and Core Linepipe as case study sponsor. Remaining sponsor opportunities are going fast (we still have WiFi, Kick-off, and Lunch available). Discussions with C-level speakers are underway and we are working on some exciting new agenda features that you won’t want to miss… look for more updates later this month when we’ll release the preliminary agenda.
Here is this week’s industry news & analysis…
Seawolf Water Resources Announces Expanded Produced Water Management and Recycling Capabilities
Seawolf's recently completed Independence Pipeline and Waterfowl produced water recycling and disposal facilities will initially manage 150,000 barrels per day and are now serving some of the largest E&P operators in the Permian Basin under long-term contracts.
Eureka Resources Successfully Produces Lithium Carbonate From Oil & Natural Gas Brine Wastewater
Eureka Resources has successfully extracted 97% pure lithium carbonate from oil and natural gas brine from production activities with up to a 90% recovery rate.
Exxon in Talks With Tesla, Ford, VW on Supplying Lithium
Oil giant is exploring production from underground saltwater...
The Staggering Water Production In The Permian Basin [Chart Of The Day]
Novi Labs writes: As oil production has steadily climbed, water production has grown too. The numbers are staggering: 14 million barrels a day from unconventional wells in the Midland and Delaware basins, more than the total oil volumes across Lower 48.
Tetra Technologies Earnings Show Water Strength
Water & Flowback Services second quarter 2023 revenue of $77 million improved 17% year-on-year while revenue remained flat sequentially as our focus has shifted toward stronger margins and improved free cash flow.
Locus Performance Ingredients and Veolia partner to develop new sustainable water and process treatment additives
The two companies will collaborate on biobased water and process treatment additives that advance sustainability objectives, and address process, water and wastewater challenges.
DGC Client Prevails in Dispute Over "Produced Water" Ownership
The case is a dispute over ownership of “produced water”—the liquid waste byproduct that remains after oil and gas is produced from the earth and most hydrocarbons are extracted from the oil-and-gas product stream.
How The (Proposed) New Texas Water Fund Works
Texas is on the verge of expanding its financial strategy for addressing the state’s long-term water infrastructure challenges for the first time in 10 years.
As Water Scarcity Worsens In Texas, Austin Lost Nearly 7 Billion Gallons Last Year
One of the Lone Star State’s thirstiest cities is seeing precious drinking water wasted as fundamental infrastructure problems worsen growing scarcity, but the issue may ultimately be an unavoidable aspect of its buried infrastructure.
Storage Values In Texas
The Canadian, Colorado, Nueces, Rio Grande, and San Antonio river basins in Texas have storage values of 50% or less (yellow to dark red shading) as of July 28, 2023. You can track the storage values and learn more using the Water Data for Texas website at https://lnkd.in/eVt7wkRG.
ACC: Overly Broad PFAS Restrictions Could Endanger Healthcare Quality And Cost
PFAS are under regulatory and legislative assault at the federal and state levels. In the zeal to eliminate some of these chemistries, however, regulators and lawmakers may undermine the ability to provide life-saving healthcare in the United States.
WATER TALENT POOL: Infinity Looking for Production Engineer
#INR is looking to hire a Production Engineer to support our Operations and Production Departments.
WATER TALENT POOL: Wes Finch Update
Congratulate Wes for starting a new position as CEO and Founder at Commodore II and Crosscut Gas Partners
WATER TALENT POOL: Renovo Resources Welcomes Nosh Irani as New CFO: Strengthening its Vision for Sustainable Water Management
With over 15 years of experience in infrastructure and private equity investing, Nosh Irani is set to enhance Renovo’s growth in the realm of produced water treatment solutions.
Pearl Energy Backs Voyager Midstream's M&A Aspirations
The amount of the commitment wasn't disclosed. Pearl typically targets opportunities between $25 million and $150 million of equity capital.
Supreme Court Overturns 4th Circuit, MVP to Restart Construction
In an act of Supreme justice, the Chief Justice of the U.S. Supreme Court, John Roberts, issued an order yesterday overturning the stays imposed by the U.S. Court of Appeals for the Fourth Circuit (4th Circuit) that were blocking the completion of the 94% done Mountain Valley Pipeline (MVP).
EQT Sets World Drilling Record
The company reported a new world record of drilling 18,200 feet in 48 hours for a single well in Green County, PA.
With natural gas prices down, Range will continue steady drilling pace
Range Resources, one of the Marcellus Shale’s biggest natural gas producers, doesn’t see commodity prices and demand moving high enough in the next year or so to see an increase in drilling.
The case for Permian optimism
Let’s acknowledge two significant challenges our region faces: the cyclical nature of the energy industry and water management.
Pioneer Natural Resources Releases 2023 Sustainability Report
Included in the report is the highlight that Pioneer decreased its dependence on freshwater used in completions to 23% during 2022.
Exxon and Chevron Signal They Are Still Shopping for Deals
Exxon Mobil and Chevron collectively banked nearly $14 billion in second-quarter profits Friday, down from last year’s record-breaking levels but adding to their war chests as they eye acquisitions in the oil patch.
Imperial Oil investigating if spill in Norman Wells entered Mackenzie River
The company estimated 55,000 litres was released from a produced water line on July 27.
𝗛𝗼𝘄 𝗧𝗼 𝗣𝗿𝗲𝗱𝗶𝗰𝘁 𝗪𝗮𝘁𝗲𝗿 𝗖𝘂𝘁 𝗶𝗻 𝗢𝗶𝗹 𝗪𝗲𝗹𝗹
Interesting LinkedIn post.
Harold Hamm sees a great oil fortune still untapped in US shale
“I look at it as an industry that is exciting, a lot of adventure, has a lot of potential for making great wealth.”
G2 STEM Proposes Wastewater Injection Well in Fayette County, PA
This is the first time a proposed new wastewater injection well in Fayette County, PA, is appearing on our radar screen.