A warm welcome goes out to the two newest sponsors to join our fast-approaching 6th Annual Oilfield Water Industry Update at the Houstonian on October 29th.
Joining as lunch sponsor is Water Lens and the charging station sponsor will be Equinox Engineering. These two great firms join a truly stellar group sponsoring this important industry event.
Only 3 of the 20 sponsorship opportunities are left. The event will sell-out due to limited space. So grab your seat now! Early-bird rate is available for online registration here>
Here is this week’s industry news & analysis…
News Digest
Five Point Energy Closes Fund IV With $1.4 billion
"Five Point Energy is pleased to announce the final closing of Fund IV with $1.4 billion of capital commitments, exceeding our target of $1.25 billion. Fund IV is a continuation of our proven strategy of building and growing sustainable infrastructure and surface management businesses in the Permian Basin, including companies like Deep Blue and LandBridge."
Watch Robert Crain Talk About Water At TPL
"Water's growth has been an astounding story," says Robert Crain.
SLB Achieves Breakthrough Results In Sustainable Lithium Production
SLB says their solution is economic at lower brine concentrations, which serves to expand the envelope for viable domestic assets.
Texas proposes first new rules for oilfield waste in 40 years
While environmentalists say the new rules don’t do enough to protect groundwater, oil and gas operators are contesting stricter requirements for waste pits near wells.
Gabriel Rio Takes Issue With New Waste Rule
Milestone's CEO writes: "Sometimes you have to stand up and stick your neck out for what you believe in."
Letter To RRC Regarding Reserve Pits & Statewide Rule 8
A Milestone staffer argues for pits to be lined and have reasonable construction standards to mitigate groundwater contamination in Texas.
Debate Flares Over Texas’ Proposed Oil and Gas Waste Rule
While environmentalists say the new rule doesn’t do enough to protect groundwater, oil and gas operators are contesting stricter requirements for waste pits near wells.
Endeavor Is Now Diamondback...
Diamondback announced that it has closed its merger with Endeavor Energy Resources.
...And Some Endeavor People Are On The Move...
Shad Frazier writes: "Today marks the end of an incredible chapter with Team Endeavor. Grateful to the Stephens family for fostering one of the most enriching experiences of my life over the past eight years...."
Devon Energy's PW Pilot Was Successful, Says Partner
News on a Delaware Basin water treatment pilot project.
CEAT professors researching solar-powered desalination technology for oil and gas industry 
College of Engineering, Architecture and Technology researchers are beginning a three-year project to develop advanced solar-powered desalination technology to treat produced water from the oil and gas industry.
Researcher develops technology to provide cleaner energy and cleaner water
A researcher in Virginia Tech’s College of Engineering has developed a novel method for direct lithium extraction from produced water to contribute to the high demand for electric vehicles and green energy.
Coterra Stops Drilling New Wells in Marcellus, Fracking Ends Soon
We never thought we'd see the day when we would write the headline that Coterra (nee Cabot Oil & Gas) was pulling all of its active rigs in the Marcellus in Susquehanna County, PA. But today is that day.
EOG to ramp up activity in Utica shale play in Ohio, company says
Houston-based shale producer EOG Resources (EOG.N), opens new tab expects to ramp up operations in the Utica shale play in Ohio, Chief Operating Officer Jeff Leitzell told attendees at the Barclays CEO Energy-Power Conference in New York on Tuesday.
Cleantek Industries Inc. Successfully Closes Private Placement Financing
Cleantek Industries Inc. (TSXV: CTEK) ("Cleantek" or the "Company") is pleased to announce the successful completion of its previously announced private placement financing. Cleantek is an innovative provider of patented, clean technology solutions focused on reducing both cost and carbon intensity in the wastewater management and industrial lighting sectors across North America.
KMX Technologies Closes Investment Round And Accelerates Commercialization
KMX Technologies announces the close of an over-subscribed investment round from world-class leading water and critical mineral investors. The technical team at KMX has adapted VMD to meet the needs of sectors actively seeking water recovery solutions. In lithium extraction and concentration, as well as produced water management, nearly all the water used has traditionally been lost. With KMX’s solution, these sectors can now recover almost all of that water.
As New Mexico Shakes, State Cancels Dozens of Planned Wastewater Injection Sites
Anti-energy website story on New Mexico’s Oil Conservation Division plans to cancel these four and 71 other waste injection wells planned along the state’s southern border with Texas.
New rules for oilfield waste threaten ranchers and environment
Schuyler Wight weighs in on the proposed rules.
Texas Agriculture Commissioner sounds the alarm, says Texas is running out of water
Even the oil and gas industry has a role to play, according to Miller. The Agriculture Commissioner thinks the state should consider using brackish water for fracking instead of fresh water.
Ector Co Judge issues disaster declaration following PBC fire, recent flooding
Ector County Judge, Dustin Fawcett, issued a Declaration of Disaster for parts of Ector County impacted by the Permian Basin Containers fire that happened last July and recent flooding.
Texas Gangs Using Water Hauling Trucks to Steal Oilfield Equipment in the Permian
Just be careful out there. Details in this LinkedIn post.
Interesting Look at Water Intensity in Energy Production
LinkedIn post comments on EIA data on water usage changes with energy transition.
Water Management and Logistics…on Mars
I’m hesitant to include this LinkedIn post as it is so silly and I don’t want to call attention to it. But here you go…
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