Oilfield Water Weekly

Other than the top four headlines below, this is a pretty slow news week in the sector. But the top four stories are huge!

Have a great rest of your week and don’t forget to save the date Nov. 2, for the best water conference left in 2023 (link).

Here is this week’s industry news & analysis…

News Digest

RECYCLING MILESTONE: Select Water Solutions & Endeavor Complete One Of Midland Basin's Largest Recycled Water Jobs

A four-fleet Endeavor project, located in Martin County, Texas, achieved recycling and delivery rates up to 300,000 barrels of water per day sourced from six regional operators. Jason Jennaro writes: "I believe we’re seeing the future of water, today. Permian Basin operators can require 300,000 barrels a day, or more, of recycled water for their jobs. To do that scale of project safely and reliably, it requires a significant infrastructure investment and expertise."


RRC rules require this water to be disposed or recycled to protect Texas freshwater resources and the environment....

MIDSTREAM MEGA DEAL: Energy Transfer to Acquire Crestwood in a $7.1 Billion All-Equity Transaction

Energy Transfer will acquire Crestwood in an all-equity transaction valued at approximately $7.1 billion, including the assumption of $3.3 billion of debt, based on the closing price on August 15, 2023.

NEW DESAL PARTNERSHIP: Bechtel and Five Point Energy Bring Desalination Technology to Permian Basin

The agreement establishes an exclusive relationship between Bechtel and Five Point for the marketing, development, and sale of plants utilizing the LEEDS technology for produced water in the Permian Basin.


A new water midstream company has been created through a strategic partnership between WaterBridge NDB and WPX Energy Permian, a subsidiary of Devon Energy Corp.

Oil steadies as China fears counter tighter US supply expectations

Oil prices were little changed on Wednesday as investors weighed worries about China's embattled economy against expectations of tighter supply in the United States.

Permian Basin oil market slips slightly as companies tackle wastewater management

As Permian Basin oil production continued its decline, more companies sought to help manage wastewater resulting from remaining fossil operations in southeast New Mexico and West Texas.

Shale Producers Lift Forecasts With Surprise Productivity Boost

New wells are yielding more oil with improved technologies. Pioneer shares rose as it raised output while cutting spending...

4th Circuit dismisses remaining two Mountain Valley Pipeline cases

Three-judge panel issues pointed warnings about separation of powers in win for energy industry.

2024 Public E&P Capex Points Slightly Lower Y/Y Per ‘Soft Guidance’ So Far

It’s still pretty early for Public E&Ps to share 2024 budgets – a lot can still change before they release formal budgets, typically between November and February. Commodity prices, well costs, and internal budget planning are still wildcards. But over the past several weeks, we’ve gotten a decent dose of 2024 ‘soft guidance’ during E&P earnings season.

Natural gas, produced water pipelines proposed for federal public lands south of Rifle

TEP Rocky Mountain LLC is proposing to build about seven miles of pipeline directly north of West Mamm Creek. The proposed pipeline crosses 2.9 miles of U.S. National Forest land, 2.1 miles of land overseen by the Bureau of Land Management and another 2.1 miles over private property.

ACROSS THE POND: Petroleum Development Oman (PDO) Seeks Takers for Huge Volumes of Treated Produced Water

Oman’s biggest producer of oil & gas is canvassing the market for potential investment interest in the utilization of massive amounts of produced water from its oilfield operations.

PA DEP Accepting Comments On 2 Major Olympus Energy/Hyperion Midstream Natural Gas, Water Pipeline Projects

Comment period open for an application submitted by Olympus Energy/Hyperion Midstream LLC covering natural gas gathering pipelines and water pipelines in Westmoreland County, PA.

Fracking linked to seismic tremors in new study

New research confirms that fracking leads to small, slow earthquakes or tremors. Not quite breaking news.


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