Oilfield Water Weekly

Sending this week’s Oilfield Water Digest newsletter a day later than typical because our team was in the Permian yesterday visiting facilities with industry contacts.

From Jal to Kermit to Monahans, Penwell, and Martin County… we covered a lot of ground. We also drove by many SWDs on our trip, including facilities run by Velocity Water Solutions – the notebook sponsor at our fast approaching Oilfield Water Markets Conference!

Thanks to all our readers for all you do to create flow assurance in the greatest business in the USA – the oil business!

Here is this week’s industry news & analysis…


News Digest

Announcing Oilfield Water Connection's 3rd Annual Marcellus Shale Water Business Update! Aug. 8th Pittsburgh

Today, Oilfield Water Connection is pleased to announce that our annual Marcellus Shale Water Conference will return to Pittsburgh for a 3rd year serving the Appalachian produced water sector this August. Today, we officially launched the event website with more details. Registration is now open to sponsors and attendees. We want to thank multiple returning sponsors who have already joined including Keystone Clearwater Solutions, Babst Calland Attorneys At Law, and Core Linepipe. We are also very pleased to be partnering again with the Marcellus Logistics Group - an Appalachian E&P water managers council - to co-host their next meeting on site at the conference venue the day before. We'll also continue our tradition of the Pirates baseball game networking outing the evening before the conference, and free baseball tickets are included for the first 19 attendees to sign up!

2024 Is An Inflection Year For Aris

Key quote from their 2/28 earnings press release: "2024 is an inflection year for Aris. The capital investment needed to support our infrastructure is substantially lower this year as the basin matures and operators temper their pace of development. With the Aris system more fully built out, we can better utilize its reach and capabilities, which in turn should increase free cash generation." Full year produced water volumes are forecasted to grow approximately 2 - 5%. Projected capex of $85 - $105mm is down 40% y/y, and includes $12 - $16mm of maintenance capex and potential capital for new business development.

You Are Invited - A Book Launch of Liquid Asset and a Discussion of The Future of Water - March 19 in Dallas

We wanted to invite you to a special event (RSVP link below) that O’Melveny & Myers LLP is hosting at their new Dallas office in Uptown on Tuesday, March 19th starting at 6:00 PM. One of their attorneys – Buzz Thompson – is one of the foremost water experts in the world and teaches a class at Stanford University called the “Business of Water”. Buzz has written a book recently called Liquid Asset, talking about how water is becoming a more scarce commodity and a more valuable asset class and is opening up incredible investment opportunities in the United States. Buzz and Jason Schumacher will be having a discussion at the event about some of his findings in his book as well as other current topics swirling around the energy industry as it pertains to water...we hope you can join us there!

Buzz and I will be having a discussion at the below event about some of his findings in his book as well as other current topics swirling around the energy industry as it pertains to water

Conflict continues over Martin County recycling facility

Conflict continues between Martin Water Midstream and the Circle Six Baptist Camp over Martin Water’s proposed Richards Recycling Facility in Martin County next to the camp. From what we can tell, there is not much to see here.

Repsol Announces Plan to Spend $1 Billion on Marcellus Next 4 Yrs

Repsol management stated that the company plans to spend €$1 billion (US$1.083 billion) in the Marcellus over the next four years.

EQT Announces Strategic Production Curtailment

1 Bcf per day of gross production shut-in beginning in late February in response to the current low natural gas price environment...

PA DEP: CNX pipeline project in Westmoreland County withdrawn for lacking wildlife permits

CNX Midstream had proposed to build the “Slickville Trunkline,” a pair of pipelines along a 13.9-mile stretch of Bell, Loyalhanna, and Salem townships in Westmoreland County. Another pipeline would transport fracking wastewater between well pads in the area.

Shout out to Permian Basin Petroleum Association and Permian Basin Oil and Gas Magazine on a great cover for their March 2024 issue!

"Sand on the Move" and "Water: The Element That Makes Oil Happen" are the titles the grace the cover. We are also pleased to announce today that PBOG has joined our fast approaching May 2024 conference as a media partner!

Acreage Dedications in Midstream Contracts

Legal article on acreage dedications is a nice primer.

Sanctioned Lawyer Meets Cyclone Residents Against Injection Well

More than 40 residents of Cyclone, PA opposed to an injection well met with an attorney over the weekend to help them with their appeal — an attorney that has the distinction of being the first (and so far only) attorney to be sanctioned by the DEP’s Environmental Hearing Board.

Permian Basin production continues to boost Chevron

In recent years, the oil giant has increasingly leaned on its Permian Basin holdings to produce more as it marches towards its goal of producing 1 million barrels of Permian Basin crude by 2025.

Liquid Goldmine: Scientists Are Unlocking the Hidden Minerals in Produced Water

Texas A&M University researcher Dr. Hamidreza Samouei is investigating the components of produced water and says this waste byproduct of oil and gas operations contains nearly every element in the periodic table, including those of significant interest to national economies.

Potential lithium boom simmers in East Texas

Companies are moving fast to try to secure extraction rights.

Expect Further Consolidation In The Permian Basin This Year

The Permian basin offers low-cost production and proximity to major refining and processing facilities, making it an attractive investment opportunity.

Down Under: DEPWS: Wastewater regulation during the wet season

Regulators published a statement outlining some of the oilfield water management requirements.

Up North: In this drought year, Alberta's water allocation is under the microscope. Here's what the data says

Volumes and uses of water vary widely across the province.

Will Water Shortages And Restrictions In Western Canada Move The Needle On Operators’ Use Of CO2 And N2 For Fracking?

As operators look to minimize the use of fresh water in fracking operations there is a focus on produced water and water recycling. There is also a potential to displace a portion of the water volume with N2 and CO2.

New investigation finds almost 150 million gallons of toxic wastewater has been spilled across one state: ‘Nothing grows’

Another hit job by environmental activists on the industry.

This is Infuriating: Texas A&M’s “Tell Me Something Good Thursday” Touts California’s Proposal to End Fracking in the State

How much money does A&M receive, both directly from the industry and in the form of tuition from children of people in our industry? And we have to put up with this nonsense.

New York State lawmakers push for bill banning CO2 fracking

New York State’s law banning fracking prohibits the use of water to extract gas. The industry turned toward CO2 fracking, but of course NY politicians are moving quickly to prevent domestic energy production.

Interesting: Geothermal Energy Uses Same Drilling Rigs & Fracking as Gas Wells

Geothermal uses the same identical drilling rigs, drills the same holes in the ground, and even uses the same fracking technology as that used to drill shale oil and gas wells.

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