This week, we pause to welcome to several new sponsors that have joined our flagship event for 2024 – The 4th Annual Oilfield Water Markets Conference! Plan to join this week’s new sponsors ITC, Jackson Walker and Core Linepipe along with the rest of the sector’s key leaders this May 8-9, 2024 at the Irving Convention Center. Check out all the early-bird sponsors so far and see event details and registration options here: https://oilfieldwater.com/owmarkets4/
Here is this week’s industry news & analysis…
DOE Invests In Produced Water - Press Release [Part 1]
By treating and reusing the large volumes of wastewater generated through fossil fuel production and use, the projects announced today will help to make wastewater safe for the environment and a valuable resource for the American public, especially for water-stressed communities.
DOE Invests In Produced Water - What Projects Got Funding? [Part 2]
A detailed list of the selected projects can be found here.
Power plants can now (re)use wastewater from oil and gas extraction
In a paper published in the journal Desalination, the scientists explain that they modelled various scenarios for using cooling tower blowdowns and produced water to treat each other.
Chasing The Crown - RBN's Take On Occidental's Planned $12 Billion Acquisition Of CrownRock
Oxy’s planned acquisition of CrownRock is a prime example of the many benefits that can come from getting bigger in the Permian — and in the right way. Presumably, Oxy’s planned acquisition of CrownRock has the blessing of Warren Buffett and Berkshire Hathaway, which helped finance Oxy’s $57 billion purchase of Anadarko Petroleum in August 2019 with a $10 billion cash infusion. Berkshire currently holds a roughly 26% ownership interest in Oxy...
M&A deals in Permian basin exceeds $100 billion in 2023 – WoodMac
The value of U.S. oil and gas mergers and acquisitions in the Permian basin this year has reached a record of more than $100 billion after several multi-billion dollar deals, consultancy Wood Mackenzie said in a news release on Tuesday.
WATER TALENT POOL: Ovintiv Hiring
Water Management Coordinator - Utah
Experts address region's water needs
Odessa oilman Kirk Edwards and Waco economist Ray Perryman talked about produced water in the Permian.
Difficult Article to Read: Workers from Frack Water Treatment Facility Tell Horror Stories
This is from an aggressive anti-fossil fuel website, and we are not endorsing the claims made, but it is a wake up call to make sure you pay attention to the safety protocols.
East Daley: Permian Basin Gas Flows Hit Record in November
Total interstate gas sample receipts averaged 6.3 Bcf/d, as Permian Basin gas volumes met California demand.
Regional partners launch Permian Basin Road Safety Campaign
The Permian Strategic Partnership (PSP) is pleased to announce the launch of a collaborative social media campaign to promote road safety in the Permian Basin. This initiative, conducted in partnership with the Permian Road Safety Coalition, the Texas Department of Transportation (TxDOT) and the Texas Department of Public Safety (DPS), is designed to remind drivers to follow speed limits, drive sober, buckle up and watch for pedestrians.
Cash Flow is KING!
Did you know you could use USDA guaranteed funds to acquire commercial Saltwater Disposal Wells (SWD's) like the Waskom SWD operated by Crosstex Environmental. This facility is located on I-20 just a few miles West of Shreveport, LA in Harrison County, TX. The facility is highly profitable and is currently available for sale!
A Deeper Dive into North Culberson Reeves Disposal Operations
There has been lots of discussion since Amanda Drane’s article in the Houston Chronicle and subsequent editorials on induced seismicity in the Permian Basin. So Laura Capper writes in to clarify a few topics....
Enemy of My Enemy – OPEC Successfully Blocks Anti-FF Text at COP28
OPEC single-handedly changed the language in a final communique issued by the UN COP28 delegates that was supposed to call for the phase-out of fossil fuels worldwide. Instead, the language was modified to say, “reducing both consumption and production of fossil fuels, in a just, orderly and equitable manner.”
New Mexico, the No. 2 oil-producing US state, braces for possible end to income bonanza
The state will draw in a record-setting $13 billion — exceeding annual spending obligations by one-third. The estimate of government income sets a baseline for budget negotiations when the Democratic-led Legislature convenes in January, and could extend efforts to set aside money to ensure critical programs endure should oil income falters. The forecast cautions that slowing oil production and lower prices are expected to generate significantly less federal payments next year and beyond.
Regulatory Site Assessments for Efficient Produced Water Impoundment / Infrastructure Siting
White paper post by our friends at ALL Consulting.
SECURE announces $1.075 billion asset sale to Waste Connections
Following the close of the Transaction, the Corporation remains the market share leader of industrial and energy waste infrastructure in western Canada and North Dakota.
Oil holds soft tone on oversupply worries ahead of Fed decision
Oil prices were steady on Wednesday, after falling by more than 3% to six-month lows on oversupply and demand concerns. U.S. West Texas Intermediate crude hovered around $69/bbl in early trading.
FED WATCH TODAY: Treasury yields dip as investors look to Fed rate decision, policy guidance
Many investors are also hoping that the Fed will provide hints about the path for interest rates, including when it may cut rates even though they are expected to keep rates flat today...
GOod Primer On CCUS Project Tracking and Data Visualization
Karen Lechtenberg writes about the Class VI tracker provided by the EPA: "something to remember while looking at the tracker, the EPA does not track permits for states with primacy (currently Wyoming and North Dakota). Even though we see a lot of a CCS activity in those states, Region 8 is still not on the board. And once Louisiana gets through primacy, we may see a chunk of Region 6 permit inventory disappear."
Down Under: Australia’s Shale Exploration Projects Will Require Commonwealth to Review Water Impact
The expanded water trigger means the Commonwealth must approve unconventional gas projects.
What the COP28 deal means for the U.S. as oil and gas production hits record levels
For the first time in nearly three decades, government ministers from nearly 200 countries on Wednesday approved a deal that calls on countries to move away from using fossil fuels.