With football back on TV, it is starting to feel like fall again. And this fall, there’s a conference that should be on your calendar – the 6th Annual Oilfield Water Industry Update at the Houstonian on October 29th. Before today’s news, a quick shout-out to the latest sponsor to join the event – H&H Field Services just signed up to exhibit, leaving only two exhibit sponsorships still available! Come meet H&H and the rest of the industry leaders who will gather there in less than 60 days, details here>
Here is this week’s industry news & analysis…
News Digest
Texas Pacific Land Corporation Latest Permian Moves Adds Water Assets
The acquired surface asset spans approximately 4,120 acres in Martin County, Texas and is strategically located in the core of the Midland Basin. The asset generates numerous revenue streams across water supply, produced water disposal, and multiple other surface-related activities, including royalties from a solids waste landfill owned and operated by Waste Connections, Inc.
Podcast: Tyler Glover, President & CEO of TPL, on Oil, Water, Gas and the Land that Supplies Them All
Texas Pacific Land plays a crucial role in the entire lifecycle of an oil and gas well drilled in the Permian Basin. At the helm of the business, with a legacy that spans over 130 years, is President & CEO Tyler Glover.
Back To The 60s
West Texas Intermediate Crude has wiped out all of its gains of the year after dropping into the $60/bbl range for the first time since the beginning of January. Tough timing as we are fast approaching year-ahead budget season for shale E&Ps - after the rig and frac crew counts have slid this year, are we looking down the pipe at another flat year for Lower 48 activity?
Algorithm raises new questions about Cascadia earthquake record
Currently, connecting turbidites to past earthquakes usually involves finding them in geologic cores taken from the seafloor. If a turbidite shows up in roughly the same spot in multiple samples across a relatively large area, it's counted as a remnant of a past earthquake, according to the researchers.
Pennsylvania environmentalists fume at Kamala's fracking pivot
Pennsylvania environmentalists are dismissing Kamala Harris' statement defending her pivot on fracking, and say her opposition to a ban on the practice divides voters in the top battleground state.
Survey: Desalination, reservoir construction, reuse of water, not a priority in Texas
The 2024 Texas Water Capital Needs Survey was conducted jointly by the Texas Water Infrastructure Network and Collaborative Water Resolution (aka, Water Opinions), with 246 water utilities surveyed.
Texas faces lawsuit against bill blocking state businesses with 'boycott energy companies'
SB-13 bans state entities from investing in firms that "boycott" fossil fuel based energy companies. In the lawsuit, one group says SB-13 violates the constitution.
HNR Acquisition to Rebrand as EON Resources Inc.
HNRA is currently focused on upstream energy oil and gas production in the Permian Basin. Subsidiary LHO’s holdings include 13,700 contiguous leasehold acres, 342 producing wells, 207 injection wells and one water source well.
DOE Grant Opportunities Announced for Critical Mineral Recovery from Produced Water
The United States Department of Energy (DOE’s) Fossil Energy and Carbon Management Program intends to issue Funding Opportunity Announcement (FOA) no. DE-FOA-0002956 titled “Advancing Technology Development for Securing a Domestic Supply of Critical Minerals and Materials (CMM)”.
Voyager Midstream Acquires East Texas Natural Gas Gathering and Processing Assets From Phillips 66
“This transaction with Phillips 66 represents an important milestone for Voyager, as it positions us for significant growth in the core of the Haynesville Shale,” said Will Harvey, Voyager’s Chief Executive Officer. “We are committed to growing our infrastructure footprint in East Texas and North Louisiana and improving producer connectivity and netbacks.”
A Horse With (New) Name - Enterprise To Buy Piñon Midstream and Its Dark Horse Sour-Gas System
In this blog, they discuss the impending Enterprise/Piñon acquisition, what Dark Horse does and how it gives Enterprise access to what may be the next hot production area in the Permian.
US Pipeline Operator ONEOK Inks Two Deals for $5.9 Billion
US pipeline operator ONEOK Inc. agreed to buy a Permian Basin rival and a controlling stake in another company in two transactions valued at a combined $5.9 billion.
Rep. Landgraf and TCEQ meet at Permian Basin Containers for an update on quality of land
“The main message to the remediation crew is that the clean-up work needs to happen faster, and so there’s a lot of work that still needs to be done. As anyone can see driving by the site it just needs to be faster and that’s been the message that TCEQ had for the remediation contractor and the property owner” said Rep Brooks Landgraf, (Tx) District 81
'We've come a long way' | State Rep. Brooks Landgraf provides update on Permian Basin Containers aftermath site
Landgraf said TCEQ's statewide director of compliance and enforcement visited Odessa on Monday to check on the remediation progress at the site.
Range Water Line Burst and Sent a PIG Flying Through the Air
The pipeline (essentially a giant water hose) flows Ohio River water to Range's fracking sites. Range sent a PIG (pipeline inspection gauge) down the pipeline, and it got caught. The water pressure built up and exploded the pipe, sending the PIG flying through the air.
Underinvestment in Gas Could “Jeopardize Global Energy Supply”
Rising global power demand underscores the dire need to scale up investments in natural gas, the International Gas Union (IGU)’s 2024 Global Gas Report stresses, noting the world could risk a 22% global supply shortfall by 2030.
Trump Wants to ‘Drill, Baby, Drill,’ but Can He Cut Energy Prices?
GOP nominee’s anti-inflation pitch focuses on lower costs for gas and electricity, areas where a president has limited control
Harris says she won't ban fracing. What to know about the controversial topic
In a sit-down interview with CNN on Thursday, Vice President Harris said she wouldn’t ban fracing if elected president, a reversal of her position during her first presidential run.
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