Oilfield Water Weekly

FALL EVENT ANNOUNCEMENT: Please save the date October 29, 2024! More details soon, but that’s when everyone is getting together again at the Houstonian for the 6th Annual Oilfield Water Industry Update. Space is limited at this prestigious venue, and because it’s a smaller, high-end experience, this conference always sells out. But you don’t have to take our word for it… there are already TEN (yes, 10) great sponsors signed up, and today is the first day we are even talking publicly about the event! Move fast if you want to reach the decision makers gathering here, because the remaining sponsorship options will all be taken soon… Click here for options, details, and early-bird registration.

Meanwhile, less than 30 days until Appalachian produced water leaders gather in Pittsburgh. Today, we welcome CNX as executive dinner sponsor of the 3rd Annual Marcellus Shale Water Industry Update. See details and registration here>

Here is this week’s industry news & analysis…


News Digest

Post Oak Energy Capital and Genesis Park Announce Successful Monetization of Layne Water Midstream

Post Oak Energy Capital and Genesis Park, through investment partnerships each company separately manages, announced the successful sale of their interests in Layne Water Midstream in an all-cash transaction.

RRC Launches LoneSTAR - Major Technology Project Streamlining Oil and Gas Filings

LoneSTAR gives operators the ability to monitor the P-5 approval process online, fix any compliance issues related to filings in real-time, and view records online.

The Biggest Beryl Oilfield Impact Is The Commotion Caused For The Houston Energy Workforce!

We wish our Houston-based readers the best with the lingering power outages (more than 1mm power customers still dark as of Wednesday am). We've talked with multiple produced water business leaders this week who are dealing with no power and spotty cell service. Beryl's direct it on Houston, and it's distraction and disruption in communication for shale capital allocators, is likely the biggest U.S. onshore oilfield impact from this particular storm.

Oil prices fall for third day as Gulf Coast infrastructure recovers from Tropical Storm Beryl

The port of Corpus Christi, a leading oil export terminal, has transitioned to post-storm recovery with no significant impact reported.

OP:ED: Beryl Shows The Value Of Dispatchable Fuels (i.e. Natural Gas)

Doug Sheridan writes "For the second time in as many months, the power delivery system in Houston—the fourth largest city in the US and the so-called Energy Capital of the World—is brought to its knees by a relatively minor storm... despite the average power customer being at least 50 miles inland. But, yeah, let's go ahead and electrify everything."

Congrats to CORE Linepipe On NE Project!

Another CORE project in execution phase in the beautiful NE.

Texas Capital Securities Arranges Big Note In Produced Water

Texas Capital Securities is proud to serve as Joint Lead Arranger on WaterBridge Operating's $1.150 billion Term Loan B.

ZwitterCo Secures $58.4m in Series B Funding Led by Evok Innovations

A water tech business built around membranes that combat organic fouling challenges in filtration get more funding.

Blackstone Buys $1.1bn Stake In Tallgrass From Enagas

Spanish gas grid operator Enagas is selling its 30.2% interest in Tallgrass Energy to Blackstone for $1.1bn. Enagas will use the proceeds to finance their transition from natural gas to hydrogen infrastructure...

Keystone Preparing for VIP Suite in Pittsburgh

Keystone Clearwater Solutions is proud to once again sponsor the VIP Suite for the Marcellus Shale Water Business Update’s Pre-Conference Baseball Night.

Internship Insights: Navigating the Supply Chain Dynamics at WaterBridge LLC

Intern reflects on his experience with WaterBridge.

EnCap is On A Exit Roll! After Selling XCL To SM In June, Now They Sell Grayson Mill To Devon In July

A consolidation wave in the U.S. energy sector that triggered $250 billion worth of deals in 2023 has bled into this year, with Public Operators buying Private Operators. This has created a favorable environment for private equity firms like EnCap to cash out. In June, the firm sold some shale assets of oil and gas producer XCL Resources for about $2 billion. On Monday, Devon entered a deal to acquire EnCap-owned Grayson Mill Energy’s Williston basin business in a cash-and-stock deal worth $5 billion.

Elevation Midstream and ARB Midstream Subsidiary Merge to Create Premier Growth-Oriented DJ Basin Midstream Company

Elevation offers three-product gathering, crude stabilization, gas compression and water logistics services, including tankless gathering options for customers who prioritize efficient emissions management.

Solaris Gets Into The Mobile Energy Rental Game

Power generation and flexible power options are hot hot hot business growth markets that are currently highly sought after by investors as everything electrifies, the grid is beings strained, and data centers proliferate. And Solaris Oilfield Infrastructure just made a $200mm move into the space, diversifying away from their core frac sand storage business and rebranding to "Solaris Energy Infrastructure."

TWDB Texas Water Data Hub [PODCAST]

An interview about the Texas Water Development Board’s Texas Water Data Hub...

ESG Losing Luster?

Doug Sheridan speculates that Pickering Energy Partners is resetting "the group's brand, specifically untethering it from the millstone that has become ESG" with a paper that "does an admirable job of explaining why ESG is no longer the proper focus—or even the proper term—for the group or it's clients."

Pure Energy gets approvals for plant construction at Clayton Valley lithium project

Pure Energy Minerals has partnered with American oilfield service company SLB to sustainably develop at scale lithium claims held by Pure Energy at its Clayton Valley lithium project in Nevada.

Water commissioner disputes conflict of interest in frac'ing wastewater case

Krista McWilliams, a state water quality commissioner who is hearing a case on frac'ing wastewater, in a 2018 video for the New Mexico Oil and Gas Association. “When people hear what I do, I get questions,” she says in the video. “Frac'ing — it’s a sensitive subject. I get it. But I feel good about frac'ing.”

Oil companies in BC used record amounts of fresh water last year

Oil and gas companies in British Columbia used record amounts of fresh water for their operations in 2023, according to new data published by the BC Energy Regulator.

Williams County truck crash creates produced water spill

Patriot Oilfield Services, the company that initially reported the spill, estimates that roughly 150 barrels of (6,300 gallons) were released in the crash.

Achieving Strong Brand Visibility In The U.S. Onshore Produced Water Marketplace Is Easier Than You Think If You Have The Right Partner...

Let's chat about the many ways Oilfield Water Connection's platform can compliment your business development effort...

Showdown in Colorado: Whether to Drill Under Homes, Schools and the Water Supply

A plan for drilling 156 oil and gas wells near a Superfund site has driven suburban residents to action.

think+water: Water reuse in the Hill Country, Texas water markets, and frack water from the Wilcox

Water reuse in the Hill Country—Lessons from existing reuse facilities in Texas and opportunities to advance reuse in Comal County.

Pace Analytical Services Acquires Environmental Services Laboratories

Through the acquisition, Pace® will add a full-service environmental testing laboratory in Indiana, PA, and three satellite locations within the state in Montoursville, Sharpsville, and Van Voorhis.

ICYMI: 5 Reasons To Join Us In Pittsburgh Aug. 8th

Check out these reasons to join the Marcellus Shale Water Business Update in Pittsburgh on August 8.

Old pipes cause Texas cities to lose tens of billions of gallons of water each year

Texas’ most populous cities lost roughly 88 billion gallons of water last year because of aging water infrastructure and extreme heat, costing them millions of dollars and straining the state’s water supply, according to self-reported water loss audits.

Investing in Permian Basin roads: A vital step for regional development

Unfortunately, the Permian Basin has the highest number of fatal roadway accidents in Texas.

Success in the Permian Depends on Smart Water Management

Permian operators must face unprecedented volumes of produced water, necessitating innovative solutions and strategies to handle this surge effectively.

Lightning strikes cause oil releases in Williams, Burleigh counties

In both releases, the cause was a fire from a lightning strike. All the products from each site were contained and cleanup is taking place.

Select Water Solutions Announces Release of 2023 Sustainability Report

Select treated or recycled 18.4 billion gallons of water, a 37% increase from 2022

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