Exciting conversations are happening now with key Marcellus/Utica produced water stakeholders about August 8th (the industry’s next big produced water conference happening at the Pittsburgh Westin).
The day before, there is a private summit happening onsite for an E&P water manager working group. In partnership with Keystone Clearwater Solutions, we’ve also got the 100-person suite reserved at PNC Park for a ballgame outing with industry friends that evening. And for the main event, the draft agenda just went live on the conference website today! Check it out here and plan to join if you care on Appalachian water management, E&P, frac’ing, nat gas, etc…
Here is this week’s industry news & analysis…
News Digest
ConocoPhillips to Acquire Marathon Oil in $17 Billion Deal
The acquisition of Marathon Oil will extend ConocoPhillips’ reach across shale fields in Texas, New Mexico and North Dakota, adding 2 billion barrels of resources to its portfolio.
Energy Transfer to Acquire WTG Midstream in a $3.25 Billion Transaction
WTG Midstream Owns and Operates the Largest Private Permian Gas Gathering and Processing Business with Assets Located in the Core of the Midland Basin
Podcast: Challenges of Legally Addressing Produced Water in the Oil & Gas Industry
Navigating the legislative maze of produced water definitions and uses poses significant challenges for industry and regulation in Texas.
Looks Like We Could Step Into the Future With Produced Water
John Rhoderick, director of the state Water Protection Division, told the Albuquerque Journal that technology exists to treat this water. “The issue becomes socializing the concepts so that it becomes acceptable to humans.”
Disclosure rules unclear for commissioners set to decide on O&G wastewater rules in NM
Changes for rules around New Mexico’s oil and gas wastewater are under consideration, but questions about how the people responsible for adopting those rules – specifically their personal business dealings – have taken the debate into murky waters.
WATER TALENT POOL: Power of the Permian Podcast Talks Produced Water
Brad Svoboda from Chemical Injection Partners talks about “Cleaning Produced Water for Profit and The Role of Midstream Water Companies...”
WATER TALENT POOL: Wayne Cook Join OLA as Technical Director of Water Management
Wayne joins them after working at Shalestone, Aureua Energy, and SwiftWater.
WATER TALENT POOL: Matthew Kuzma Joins Heartland Water Technology
With over 30 years of experience in the water industry, Mr. Kuzma brings a wealth of knowledge and an extensive track record of success to his new role at Heartland. H
Kinetik Investing $1 Billion In New Mexico Growth
“Following on from our tremendous success with our recent Lea County, New Mexico system expansion, we are delighted to now announce this series of strategic transactions that further our expansion into New Mexico and significantly increase our footprint across the Northern Delaware Basin,” said Jamie Welch, Kinetik’s President & Chief Executive Officer.
Vast lithium reservoir discovered in Pennsylvania fracking wastewater
Additional article on topic we covered in last week’s Oilfield Water Weekly.
Lithium in Marcellus shale gas wells could potentially meet part of US demand
More coverage on the same topic. Join us August 8th in Pittsburgh for a panel on this topic moderated by DLE experts from Lilac Solutions!
Equinor partners with Standard Lithium on $160M deal
Norway’s state oil company, Equinor, will invest up to $160M into Standard Lithium’s South West Arkansas and East Texas projects, earning up to 45% stake in both. South West Arkansas is Standard Lithium’s flagship oilfield brine DLE project which completed a PFS in 2023. East Texas contains exploration tenements with promising 1,000+mg/L Li concentrations, roughly double that of South West Arkansas.
Oil prices ease on US gasoline demand worries, economic data
Oil prices eased about 1% on Wednesday on worries over weak U.S. gasoline demand and economic data that could cause the U.S. Federal Reserve to keep interest rates higher for longer.
Natural Gas Futures Pull Back Ahead of June Expiry as Production Seen Returning
With traders assessing shifts in the supply outlook as summer cooling demand ramps up, natural gas futures pulled back early Wednesday.
Recent oil company mergers establish a trend
Energy giants enhance efficiency with acquisitions of independents.
Spill rates from oil and gas drilling are dropping in Mountain West’s top fossil fuel states
Notably, over the past decade, the amount spilled in each state has decreased relative to how much oil is produced each year. This shows regulations for curbing spills are effective and don’t lower production, said report author Kate Groetzinger.
Midland's 100-year water plan set to increase rates this summer
Midland Mayor Lori Blong said the rate increase will be incremental and will aid the improvement of water infrastructure and advance treatment of water fields.
Punxsutawney Phil’s New Neighbor – Shale Wastewater Injection Well
The Pennsylvania State Dept. of Environmental Protection (DEP) has issued a permit for the project, allowing it to move forward.
Technical paper: Unlocking Sustainability: Transforming Tight-Oil Produced Water into a Lifeline for West Texas
This paper is intended to serve as a resource for professionals in produced water management and beyond.
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