November 2nd is a day to spend at the Houstonian if you do business in produced water. Today we warmly welcome the latest sponsor to join the 5th Oilfield Water Industry Update – Aris Water Solutions. Speaker and sponsor lists are exceptional. Thanks to all who are already involved, and still time to grab our last couple sponsorships or an early-bird registration: https://oilfieldwater.com/owupdate5/
Here is this week’s industry news & analysis…
WTI Flirting With $90/bbl
Saudi Arabia and Russia agreed Tuesday to extend their voluntary oil production cuts through the end of this year, trimming 1.3 million barrels of crude out of the global market and boosting energy prices.
Hot Take On Oil Price Surge
Kirk Edwards writes: "I am sure we are going to get the Biden administration drum beat soon on how the American oil producers are somehow behind all of this, but just think we have gone from $67 per barrel to $87 in a short period of time, an almost 30% increase, and all the while our domestic energy companies are continuing to practice an amazing level of patience in continuing to lower the US rig count and not increase it."
How do Lower 48 operators change drilling levels in response to oil prices?
Well, it depends... writes Ted Cross of Novi Labs (you can hear him speak at our November 2nd conference at the Houstonian!).
A tremendous participant lineup is taking shape for the 5th Oilfield Water Industry Update in November!
Special thanks for all you do to promote sustainable water (and for sponsoring the event) to these industry leaders: Aris Water Solutions, WaterBridge, CDX Energy Services, Gravity, Permian Oilfield Partners, XRI, Renovo Resources LLC, Lagoon Water Midstream, CORE Linepipe, Energy Water Solutions, RWI Enhanced Evaporation, JGL Solutions, B3 Insight, TruClear Water Solutions, Inc., Wanner Engineering, Inc., and ISCO Industries, Inc.! We look forward to seeing you all there...
What did the Permian Basin look like when all its rocks were being deposited?
The thickening of the Earth's crust due to mountain building causes "foreland basins" to form adjacent to these ranges as the crust subsides in response to the weight of the mountains. This subsidence creates the basins into which sedimentary rocks are deposited. It was this mechanism that caused the Midland and Delaware Basins to drop!
Report: Permian Basin Boosts US Economy with $181.8 Billion GDP, Nearly 786,000 Jobs
The Permian Basin's economic impact continues to gain momentum, bringing promising news for Texas, New Mexico and the entire nation. According to the latest report by the Permian Strategic Partnership (PSP), the Permian Basin had a record year for tax revenue collected from the oil and gas industry.
New EPA Data Shows 27 Million Americans Receive Drinking Water Contaminated With PFAS
The U.S. EPA has announced a new official estimate for per- and polyfluoroalkyl substances (PFAS) contamination in public water systems, releasing data that could shape forthcoming regulation and compensation from manufacturers.
New Pennsylvania Legislation Aims to Classify ‘Produced Water’ From Fracking as Hazardous Waste
The bills would also require gas drillers to test the toxicity of the wastewater, mine tailings and runoff from landfills. Waste from fracking in the state contains radioactive radium isotopes.
Republican Politician Intros Bill to Block All PA Injection Wells
Pennsylvania State Rep. Charity Grimm Krupa introduced legislation that bans drilling new wastewater injection wells in the state, making it much harder to drill new shale wells.
Public comment period extended for Dunes Sagebrush Lizard listing
Video update on DSL proposed listing as endangered species...
Wave of Change: Cavitation's Magic in Waste Transformation
Promotional article talks about some new technology that claims to help treat produced water.
PE-Backed Peak 10 Buys Upstream Properties in Permian Midland
The properties included associated water handling and recycling assets. No financial details were disclosed.
Viper Energy to add Permian basin mineral, royalty interests in $1-billion deal
Viper Energy Partners, a subsidiary of Diamondback Energy, agreed to a nearly $1-billion deal to acquire Permian basin mineral and royalty interests from affiliates of Warwick Capital Partners and GRP Energy Capital, the company said in a release Sept. 5.
Texas ranchers 'DEFEAT' Chinese billionaire who bought swathes of neighboring land to build huge wind farm - but could Beijing maintain backdoor access?
Sun Guangxin owns 7 percent of all land in Val Verde County after buying more than 130,000 acres for an estimated $110million between 2016 and 2018. He is now thought to have sold the land following opposition from local ranchers, but there are concerns Sun has retained an interest in the property...
Texas Water: Present and Future Needs 2023
With Texas voters preparing to weigh in on a proposed constitutional amendment to help finance water projects, Comptroller Glenn Hegar on Tuesday announced the publication of his agency's report, Texas Water: Present and Future Needs 2023 (PDF), which echoes critical water issues highlighted in the Texas Water Development Board's (TWDB) latest plan.