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Here is this week’s industry news & analysis…
News Digest
NM Cancels 75 Devonian/Silurian SWD Applications within the County Line SRA Boundary of Eddy and Lea County
"The Notice indicates that operators have the ability to demonstrate that their SWDs will not contribute to seismicity in the area and have the cancellation reversed, but with the cancellations being "effective immediately", it will be interesting to see how that's all handled," writes Nate Alleman. See the PDF and commentary from Nate here...
B3 Insight On NM Application Cancellations
"This cancelation notice is not surprising considering deep injection has been restricted for some time, however the New Mexico OCD is also not allowing for new injection application in the County Line SRA until further review," writes Patrick Patton.
RRC Works with National Experts on Underground Injection
The RRC has requested the Groundwater Protection Council (GWPC), a respected organization of national groundwater experts, conduct an independent peer review of its Class II Underground Injection Control (UIC) program.
Trump's VP Pick Wants To Expand Utica Shale!
JD Vance from OH is Trump's VP pick and he wants to unleash US natural gas production in the Appalachian region. Will the produced water sector be ready? Join us in Pittsburgh Aug 9 to discuss!
Will you be joining other industry leaders from the marcellus produced water industry on August 8 in Pittsburgh?
Looking forward to a great event of networking and insights. Please join us!
Same Game, Fewer Players: Midstream M&A Stands Apart from E&P Sector
The midstream M&A market typically follows the E&P sector by a few months. But some aspects of the market are different this time around.
Energy Transfer, Sunoco Announce Team Up in Permian Basin JV
Energy Transfer LP and Sunoco LP have formed a partnership that will operate more than 5,000 miles of crude oil and water gathering pipelines in the Permian Basin with crude oil storage capacity in excess of 11 MMbbl.
Permian Wastewater To Be Recycled For Oilfield Truck & Tank Wash
Peppers Truck & Tank Wash will be the 1st commercial truck wash in the country that utilizes oilfield wastewater to wash oilfield vehicles and equipment.
Devon Energy acquires Williston basin operations of Grayson Mill Energy
Devon Energy has agreed to acquire the Williston basin business of Grayson Mill Energy, in a $5-billion cash and stock deal. Grayson Mill Energy also owns and operates midstream infrastructure to capture and transport oil, gas, produced water, and freshwater from its operations. The company holds ownership in 950 miles of pipeline, 24 interconnected SWD wells, and 6 crude storage terminals providing a throughput capacity of over 280,000 bbl of capacity.
BKV Sells Non-Operated PA Marcellus Assets for $132 Million
In some non-Permian M&A news, BKV finds buyers for non-operating Marcellus assets.
J.D. Vance’s energy record: Oil cash and EV attacks
Donald Trump’s decision to choose Sen. J.D. Vance as his running mate likely fortifies the former president’s reputation as the pro-oil choice for voters.
Texas Pacific Land: An Atypical Real Estate Growth Stock
The company has two main revenue streams, oil royalties and a high-growth water business, with a pristine balance sheet.
With new legislation, Ted Cruz and John Cornyn aim to pressure Mexico to send water to Texas
The senators on Monday introduced legislation that, if approved, would require the U.S. government to impose restrictions on federal aid and prohibit trade and development funds for grantees in Mexico if the country fails to deliver water it agreed to.
Senator Ted Cruz introducing legislation to take dunes sagebrush lizard off endangered species list
The bill seeks to reverse a decision issued by the Fish & Wildlife Service to list the dunes sagebrush lizard as an endangered species.
Rep. Pfluger aims to protect Permian Basin from out-of-state EPA monitors
“The EPA has relied too heavily on modeling and data from behind closed doors to attempt to redesignate areas like the Permian Basin without sufficient and direct evidence from monitors in that state,” said Congressman Pfluger. “This bill ensures that decisions impacting our communities and energy security are based on transparent, local data rather than distant estimates and models.”
Pilot Water Solutions Opens Wink Office
Last month they welcomed the Wink community including first responders, council members and the Honorable Mayor of Wink, Texas, Mr. Eric Hawkins, to their ribbon-cutting ceremony.
Three reasons why energy resilience and water management are inseparable
ENERGY powers the world. Water keeps it alive. These resources are under severe strain as urban areas grow and modernisation expands to create greater possibilities for our future. Yet, while energy and water are essential, few realise they are closely connected. Nations that look after their water also create more ways to improve energy output and resilience.
The evolution of petrolithium
The term describes the coexistence of lithium in certain oilfield reservoirs or the operation of extracting lithium from brine solutions present in oilfields. Article does a deep dive.
First commercial modular direct lithium extraction plant goes online
International Battery Metals announced that operations had commenced at its commercial proprietary modular direct lithium extraction (DLE) plant in Utah.
Volt Lithium Announces Significant Milestone with Scale-Up of Field Unit
The Company has scaled-up production capacity to 96,000 litres per day (equivalent to 600 barrels per day) representing a 100 times scale-up in its processing capabilities.
Akin Advises Energy Transfer and Sunoco on Strategic Partnership
Akin was part of a legal team that advised Energy Transfer and Sunoco on the formation of a joint venture combining their respective crude oil and produced water gathering assets in the Permian Basin.
Ohio residents seek answers over lack of action on fracking waste cleanup
Beverly Reed, director and community organizer with the citizens' group Concerned Ohio River Residents, said they are on alert about potential water contamination - noting the facilities' proximity to the city's water supply and football field.
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