Here is this week’s industry news & analysis…
News Digest
See The Speakers & Sponsors Joining The May 2024 Oilfield Water Markets Conference
Momentum is building for the most highly anticipated 2024 executive event in US oilfield water management, happening at the Irving Convention Center May 8-9! Today, Oilfield Water Connection is pleased to recognize the partial early speakers and sponsors that have confirmed their participation in advance of the event. Make sure your presence is felt this May 2024 in Irving as the industry comes together for industry-shaping discussion, networking, and knowledge sharing!
Permian Local News Channel Segment On Produced Water [Part 1]
In the first part of a special report, CBS7′s Hannah Brock sat down with experts, landowners, and officials to explore one of the biggest challenges facing the oil and gas industry today.
Permian Local News Channel Segment On Produced Water [Part 2]
In the second part of a special report, CBS7′s Hannah Brock sat down with experts, landowners, and officials to explore one of the biggest challenges facing the oil and gas industry today.
Who Owns the Produced Water From Oil & Gas Operations?
Law firm Houston Harbaugh looks at produced water ownership.
Diamondback Energy, Inc. and Endeavor Energy Resources, L.P. to Merge to Create a Premier Permian Independent Oil and Gas Company
Diamondback and Endeavor Energy Resources, L.P. (“Endeavor”), Monday announced that they have entered into a definitive merger agreement under which Diamondback and Endeavor will merge in a transaction valued at approximately $26 billion, inclusive of Endeavor’s net debt.
Reuters Says Devon Energy Is Looking At A Big Bakken Acquisition: Enerplus
Oil and gas producer Devon Energy has approached Enerplus, a peer with a market value of C$4 billion ($3 billion), with an acquisition offer, people familiar with the matter said to Reuters on Thursday.
Endeavor’s Autry Stephens Is Richest US Oilman After Diamondback Deal
Texas driller agrees to sell for $26 billion in cash and stock. Sale would make him 64th richest on Bloomberg’s wealth list.
A Texas Oil Driller Banks a $26 Billion Deal, With Regrets
Autry Stephens, 85, said he is selling the oil driller he founded, Endeavor, sooner than he would have liked.
WV Gov. Jim Justice announces $30 million in AML grant projects
Gov. Jim Justice announced Thursday the recommendation of 10 Abandoned Mine Lands Economic Revitalization (AMLER) Program projects, utilizing nearly $30 million in federal grant funding for economic growth at abandoned mine land sites across West Virginia, including produced water treatment project.
NM Bill for Strategic Water Supply cuts oil and gas wastewater; $400 million from proposal
Senate Bill 294 is slated for two committees in the Senate before the last days of the session.
NGL Energy expanding Lea County water pipeline
Just as natural gas pipelines have been busy expanding their capacity, water pipelines are also in expansion mode.
Element3 extracts lithium from Permian wastewater
The test at Double Eagle’s recycling facility aligned with Element3’s expectations of recovering more than 85% of the lithium contained in the wastewater with a concentration of less than 40 parts per million lithium. Independent third-party testing verified the lithium chloride produced has the concentration and purity required to create battery-grade lithium carbonate.
In Basins Familiar to E&Ps, Lithium Rush Offers Little Gold
A quest for sources of lithium comes as the lucrative element is expected to play a part in global efforts to lower emissions, but in many areas the economics are challenging.
Lithium Extraction Raises Groundwater Concerns
A plan to extract lithium — the lustrous, white metal used in electric vehicle batteries — in southeast Utah is adding to an anxiety familiar in the arid American West: how the project could affect water from the Colorado River.
Grounded Lithium lands Denison Mines as partner to advance Kindersley brine project
“From our deep roots in the oil and gas industry, we knew that the most important thing is to be a low-cost operator, so we purposely went out and found an area that is shallow, which really reduces our costs,” explained Smith, who was honoured as Saskatchewan Oilman of the Year in 2009.
Groundbreaking Lithium Extraction Plant Launches in California
The direct lithium extraction plant under construction near California's Salton Sea is the first of seven planned phases for the $1.85 billion facility.
Vista Water Solutions PB Shares Update
In 2023, Vista Water Solutions acquired the Boxcar SWD near Orla, TX with a permitted capacity of 25k BWD and with multiple pipeline connections. The company is looking to grow in 2024.
US oil output from top shale regions to rise in March -EIA
U.S. oil output from top shale-producing regions will rise in March to its highest in four months, the U.S. Energy Information Administration (EIA) said on Monday in its monthly Drilling Productivity Report.
Should investors worry about the Permian Basin’s depletion now?
The flurry of recent activity has raised some eyebrows regarding remaining reserves in the region. Are these concerns justified?
Examining Water and Proppant Demand, and Produced Water Production, Associated with Petroleum Resource Development in the Eagle Ford Group, Texas
Technical analysis of water & sand.
ACROSS THE POND: Oman’s X2E plans to invest $1.6bln across alternative fuel value chain
Investments include treating produced water for reuse for irrigation.
Oilfield technology advances exponentially
The energy industry was quick to join the technological revolution in the 1980s and before and it has applied its brainpower and resources to more than keep pace since then.
T-Bar water pollution: Midland continues cleanup decades later
Midland’s T-Bar Ranch water supply was contaminated by produced water in the early 2000s. Despite improvement, the project continues.
Remy: All Oil Everything
Spoof of a Trinidad James video covers the silliness of the anti-fossil fuel position.
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