Here is this weekâs industry news & analysisâŠÂ
News Digest
Exxon Starts Substituting Pet Coke For Some Frac Sand To Boost Permian Production
One of the more interesting things that came out of their big upstream update on their analyst day today was a proppant strategic shift in the Permian. We if this has any water implications besides the improving recovery profile of their wells? See slide 21...
Exxon pouring $140 billion into the Permian Basin after rise in third quarter production
Exxon Mobil Corp. has announced plans to spend $140 billion in the Permian Basin region as part of a plan by the oil and gas giant to ramp up its earnings and return cash to shareholders with a focus on U.S. production. Its cost savings for the Pioneer deal will total $3 billion, which is 50% more than its previous projections, the company said.
Recycled oilfield water could aid drought-stricken West Texas
Oilfield wastewater injected underground is causing earthquakes and blowouts. Now, pilot projects are exploring whether this water could be treated and used to grow crops.
WATER TALENT POOL: New Mexico Is Hiring Produced Water Experts
Interesting opportunity in Santa Fe.
YEAR END DEAL FLURRY: CNX Announces Strategic Bolt-On Acquisition
CNX Resources acquiring the natural gas upstream and associated midstream business of Apex Energy II.
YEAR END DEAL FLURRY: Matador Resources Company Announces Contribution of Pronto Midstream, LLC to San Mateo Midstream, LLC
Matador is contributing Pronto Midstream, LLC (âProntoâ), Matadorâs wholly-owned midstream subsidiary, to San Mateo Midstream, LLC, Matadorâs midstream joint venture (âSan Mateoâ), for a total implied valuation of Pronto of approximately $600 million.
YEAR END DEAL FLURRY: Crescent Energy expands in Eagle Ford basin with Ridgemar Energy deal
Crescent Energy is acquiring Carnelian Energy Capital-backed Ridgemar Energy's assets in the Eagle Ford basin in Texas for a cash-and-stock deal of $905 million, further strengthening its position in the basin.
YEAR END DEAL FLURRY: Permian EOR Firm Plans Reverse Merger with Coconut Water Brand
Roosevelt Resources, which is developing an EOR project in the Texas Permian Basin, aims to go public through a reverse merger.
YEAR END DEAL FLURRY: OFS IPO
Flowco is going public... Their S-1 describes them as a leading provider of production optimization, artificial lift and methane abatement solutions for the oil and natural gas industry. Principal products and services are organized into two business segments: (i) Production Solutions; and (ii) Natural Gas Technologies.
YEAR END DEAL FLURRY: Kinetik Announces Bolt-On Acquisition of Gas and Crude Gathering Systems in Texas Delaware Basin from Permian Resources
Approximately 60,000 gross operated acres dedicated by Permian Resources under long-term, fixed-fee agreements for natural gas gathering, compression and processing and crude oil gathering services
Permian Resources Announces Divestiture of Midstream Gathering Systems
Permian Resources has agreed to sell its natural gas and oil gathering systems primarily located in Reeves County, Texas to Kinetik for a total cash consideration of $180 million. The systems include a combination of both recently purchased and legacy company-owned midstream infrastructure and exclude any water infrastructure or surface acreage.
LiqTech wins commercial order for PureFlow mobile units from North American oil & gas industry
Razorback Direct president & CEO Ray Juman said: "We are delighted to expand our collaboration with LiqTech. The results of the pilot exceeded expectations, providing clear evidence of the system's capability to meet the demanding needs of our industry. This order further solidifies our belief in LiqTech's ability to drive meaningful advancements in water management."
How to Improve Remediation of Coal Ash Pond Water
Existing coal plants are required to remediate ash pond water storage infrastructure based on strict guidelines from the U.S. Environmental Protection Agency (EPA). Even with many coal plants shuttered in the U.S., utilities are still left with coal ash basins they need to address.
Gabe Collins Thought Piece On Energy Abundance - Check It Out, He's Always Got Thoughtful Takes And Great Data!
Thinking about what "energy abundance" mean for our species. One of the most profound, albeit sometimes underappreciated contributions is clean
What the oil and gas industry wants from Trump and how his administration might deliver it
Increasing liquefied natural gas exports and leasing more federal land for drilling are the top of the oil and gas industryâs wish list for Trumpâs second term.
The future of extraction, energy dominance, and federal lands under Trump
President Trump campaigned on an âenergy dominanceâ agenda similar to the one that he acted out the first time around, so expect his administration to pursue an all-of-the-above energy strategy that will have consequences for lands and waters managed by the Bureau of Land Management, Forest Service, and Bureau of Ocean Energy Management, and to the nationâs wildlife, clean air, and climate.
Technical Paper: The geology of injection-induced earthquakes in the Midland Basin region: Introduction
âWhen you produce fluids from the subsurface you learn things, when you inject fluids into the subsurface you learn much moreâ.
Environmental assessment released on pipeline project near Rifle, CO
A Terra Energy Partners subsidiary and Grand River Gathering LLC, a Summit Midstream Partners subsidiary, are proposing a project in the West Mamm Creek area involving both produced-water and natural gas pipelines.
Record Breaking Energy Production In Texas
The Texas oil and gas industry keeps the state and country running! Last year was a record-breaking production year in Texas: 1.92 billion barrels of oil and 12.01 trillion cubic feet of gas. The RRC regulates reliable production to ensure environmental and public safety protection in Texas.
The geology of injection-induced earthquakes in the Midland Basin region: Introduction
Published in this special issue of the AAPG Bulletin titled âThe Geology of Injection-Induced Earthquakes in the Midland Basin Regionâ are six technically interlinked papers that address geological, geomechanical, and reservoir engineering aspects of the production and injection of coproduced wastewater in the Permian Basin region and the resulting induced seismicity hazard.
EQT Hits Back at Greene Co. Landowners Claiming Water Contamination
EQT recently filed a motion asking the court to declare the landowners "in contempt" for refusing to share the data their "experts" claim to have that supposedly shows a connection between EQT's drilling and fouled water supplies.
Pennsylvaniaâs Upper Burrell Twp Makes Moves to Ban Wastewater Injection Wells
Town supervisors have instructed the town solicitor to draft an ordinance with stricter rules for the use of abandoned wells in the township as injection wells.
Volt Lithium and Wellspring Hydro Collaborate on Bakken Project
Backed by a North Dakota grant, the companies will explore extracting lithium from oilfield brine in the Bakken formation.
Oil and Gas Waste âOiledâ the Feathers of White Pelicans in Texasâ Permian Basin
State regulators are investigating the incident after the stained birds were sighted on Lake Balmorhea. Advocates call for Texas to do more to protect birds in the oilfields.
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