3 weeks until the Oilfield Water Industry Update Conference in Houston. Getting close to capacity, and our passes are going fast. Register here to join 200 decision makers at the event preparing for 2024 and beyond in the produced water business. Senior execs attending will be lining up partners, deals and plans for next year – don’t miss your next opportunity!
Here is this week’s industry news & analysis…
ExxonMobil Announces Merger with Pioneer Natural Resources in an All-Stock Transaction
The merger combines Pioneer’s more than 850,000 net acres in the Midland Basin with ExxonMobil’s 570,000 net acres in the Delaware and Midland Basins, creating the industry’s leading high-quality undeveloped U.S. unconventional inventory position. Together, the companies will have an estimated 16 billion barrels of oil equivalent resource in the Permian.
Exxon’s CEO Sees $2 Billion in Pioneer Savings and Few Job Cuts
Savings to come from higher oil recoveries, efficiencies. Job cuts will be ‘fairly minimal,’ CEO Darren Woods says...
Clifford Krauss Take: Deal Is A Bet On Oil Policy In U.S.
By concentrating its production close to home, Exxon is effectively betting that U.S. energy policy will not move against fossil fuels in a major way even as the Biden administration encourages automakers to switch to electric vehicles and utilities to make the transition to renewable energy.
Pondering Water Implications In Merger: Pioneer Water Page
Our dedicated water management subsidiary, Pioneer Water Management, LLC, provides water sourcing, transportation, and sales to internal and external customers. Pioneer is focused on reducing our use of fresh water, mitigating the disposal of produced water through water recycling efforts, reducing water acquisition and transportation costs, and minimizing water trucking on public roadways.
Pondering Water Implications In Merger: Exxon Water Page
Our team works to minimize the potential impact of our operations, especially in areas of water stress, as defined by measuring the ratio of total water withdrawals to available renewable water supplies. We aim to integrate this understanding into operational practices and project design, which includes adding technology applications focused on water management.
Pondering Water Implications In Merger: Pioneer Sustainability Report
For years Pioneer has focused on reducing its use of freshwater by increasing reuse of produced water and working with the cities of Midland and Odessa to acquire treated reclaimed water. In 2021, Pioneer announced a target to reduce freshwater use in Completions Operations to 20% by 2026.
Pondering Water Implications In Merger: Exxon Sustainability Report
In 2021, we implemented a comprehensive water management roadmap for the next 10 years of Permian development to manage potential future risks and uncertainties related to water sourcing, production, transport, reuse and disposal. In 2021, we recycled nearly 100 million barrels of water, which enabled us to offset almost half of our water needs for fracking operations.
Texas proposes first rules on oil waste in 40 years
Texas oil and gas regulators are proposing new rules for the first time in almost 40 years to address how companies in the sector build and maintain waste pits.
Come Talk About The Consolidation Impact On Produced Water Business!
November 2nd. Houstonian Hotel. 200 decision makers in oilfield water! You don't want to miss this action packed 1-day only event!
Sample Of The Nov 2nd Event's Top Tier Produced Water Speakers
This is a high demand, limited capacity event on track to run out of seats. Check out a few of the speakers in this post...
WATER TALENT POOL: CCR is excited to announce their new Chief Strategy Officer, Brad Wilson.
New executive appointment at Crystal Clearwater Resources...
WATER TALENT POOL: From a Czech village to Wall Street. The incredible story of investor Andrejka Bernátová.
Andrejka Bernatová (41), who made it to the highest levels of business in the USA, worked on Wall Street, and became a successful investor. She graduated from Harvard, lived on five continents, runs marathons in her free time, and is raising three children. She has also been an oilfield water connection conference speaker in the past!
Evolution Well Services Expands Permian Footprint
Evolution Well Services announced the opening of its new Midland, Texas facility. This expansion is a significant step in Evolution’s ongoing commitment to the Permian Basin, solidifying its position as a key regional player.
Permian Seismicity Monitor - 2.5 Mag Near State Line 10/11
M 2.5 - western Texas
2023-10-11 05:47:48 (UTC)31.679°N 104.430°W6.2 km depth
Eagle Ford Seismicity Monitor - 2.8 Mag South Of San Antonio
M 2.8 - 9 km WSW of Falls City, Texas
2023-10-10 17:17:29 (UTC)28.947°N 98.105°W3.5 km depth
SwiftWater using new TDH hydraulic squeeze tool for layflat
TDH out in Big Spring, Tx... SwiftWater using their new hydraulic squeeze tool for layflat. New innovation in the water transfer side of the oil and gas industry.
PE Firm’s Fourth Non-op Fund Targets Permian
Private equity firm North Hudson Resource Partners’ new fund will target additional non-operated oil and gas acquisitions in the Permian and other basins.
Goldman Sachs Reiterates Aris Water Solutions Inc - (ARIS) Buy Recommendation
Fintel reports that on October 6, 2023, Goldman Sachs reiterated coverage of Aris Water Solutions Inc - (NYSE:ARIS) with a Buy recommendation.
What about toxicity?
Raw and pretreated produced waters from various basins are generally considered to be toxic via acute and chronic toxicity assays. However, pretreated-desalinated produced waters demonstrate no statistically significant difference in toxicity values when compared to municipal drinking waters and ultra-clean laboratories waters (our controls).
Oil falls after Saudi pledge; investors keep wary eye on Israel
Oil prices fell over 2% on Wednesday as fears of disruption to supplies due to conflict in the Middle East receded a day after top OPEC producer Saudi Arabia pledged to help stabilise the market.
The Permian Oil Boom Isn’t Over Just Yet
The Permian has more oil in place to allow output growth for the next few years, Occidental's president and CEO Vicki Hollub said this week, commenting on mounting concerns among analysts that well productivity in the top oil-producing U.S. shale basin is dropping off.
Oil, contaminated water barrels spill into Grand Staircase-Escalante National Monument
On a clear September day, a hiker exploring Alvey Wash in Grand Staircase-Escalante National Monument came across a troubling discovery — pools of what appeared to be crude oil.
Produced water spills in McKenzie County
Produced water spilled as a result of a pipeline malfunction near Arnegard in northwestern North Dakota's McKenzie County on Monday, according to the state Department of Environmental Quality.