Only… One… Week… Left!
The 5th Annual Oilfield Water Industry Update Conference returns to the Houstonian next Thursday.
Less than 20% of the seats are still available, and what’s left is going fast… exhibit space was sold out a month ago and 90 great companies are sending representatives (see who’s coming here)…Â
Please make sure you are registered for the premier produced water event of the fall!
Here is this week’s industry news & analysis…
News Digest
Who's Coming To Next Week's Water Conference? >150 People From These 90 Great Companies For Starters!
If you don't see your company's name on this list, let's fix that ASAP because our remaining seats are running out. Don't miss the chance to network with the top brass in produced water one more time before next year arrives... if your firm's name is not on this list, why not?
Matador Produced Water Handling Volumes Grow In 3Q23
The E&P reported an increase of 6% q/q in their 3Q earnings release today... their bbl/day of water handled is up to 354,000, higher than last quarter but still down 1% y/y. The company also said they plan to add an 8th rig in 1Q24.
Oil steadies as Middle East war worries counter demand fears
U.S. and Saudi Arabia leaders on Tuesday discussed efforts to prevent the conflict from widening to potentially include major oil producer Iran.
Chevron to buy Hess Corp for $53 billion
Chevron announced Monday that it has entered into a definitive agreement with Hess Corporation to acquire all of the outstanding shares of Hess in an all-stock transaction valued at $53 billion.
Hess Midstream reports higher Q3 income, after Chevron buys Hess
Hess Midstream LP on Wednesday reported a rise in third quarter net income versus the year earlier period, with the announcement coming just days after Chevron agreed to buy Hess Corp.
WHO'S NEXT IN E&P M&A? Devon Energy Mulls M&A Options With Marathon, CrownRock
(Bloomberg) - Devon Energy Corp. is studying major acquisition targets as it seeks to gain scale in US shale, according to people familiar with the matter.
WHO'S NEXT IN E&P M&A? Chesapeake explores buying Southwestern Energy
(Reuters) - Chesapeake has approached Southwestern, a peer valued by the stock market at $12 billion including debt, about a potential acquisition, people familiar with the matter said.
Why Exxon and Chevron are doubling down on fossil fuel energy with big acquisitions
"The large companies — nongovernment companies — do not see an end to oil demand any time in the near future," Larry J. Goldstein, a former president of the Petroleum Industry Research Foundation.
The Next Phase Of The U.S. Shale Revolution
Reserve replacement becomes crucial in the shale industry as drilling faces increasing challenges.
Let's Work Together - Midstream Companies Combining To Gain Scale, Fill In Asset Gaps
There’s been a lot of consolidation in the midstream space as the companies that gather, process, transport, store and export hydrocarbons seek to gain the scale, scope and synergies they think they will need to succeed in an increasingly competitive industry.
Marcellus Shale Water Lawsuit Filed
A dozen residents from Greene County, PA, filed a lawsuit on Monday against the East Dunkard Water Authority and several private companies claiming (among other things) that wastewater from fracking work in the Marcellus Shale “tainted the water supply in Dunkard Creek” and that the tainted water has affected the health of those drinking and using it.
Oil and gas industry producing innovations for water use, not wasting it
The recent article on New Mexico selling out to the oil and gas industry (Journal, Oct. 15), is just not true. Ms. Evans is obviously unaware of the incredible changes that the oil and gas industry has made in green fracking.
Third-Party Companies Expanding Water Treatment, Reuse And Disposal Capabilities
Crude oil and natural gas production have rocketed to all-time highs in the Permian Basin, but so has the volume of water co-produced with all those hydrocarbons.
Bloomberg Article: Oil Bosses Try to Sell Tax-Leery Texans $1.4 Billion School Bond
With better infrastructure, the desert city of Midland, Texas, would have a better chance of drawing workers to the continent’s most productive shale fields.
The Impact of Lateral Length in Major US Plays
Ted Cross, speaker at next week’s 5th Annual Oilfield Water Industry Update, discussed how operators continue to drill longer laterals to generate performance gains and improve capital efficiency. But how much production are they losing?
Produced water spill reported by XTO Energy in Dunn County
On Tuesday, October 24, XTO Energy reported an estimated 1,030 bls of produced water was released and that it was all recovered. The spill happened due to a corroded plug.
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