Produced water deal news returns as a lengthy deal process finally comes to an end. Congratulations to the Pilot team on their Felix Water acquisition announced yesterday, which is our top story in the news digest today.
We are excited to announce that Pilot Water Solutions’ own Zach Neal, Senior Vice President, was just added to the State Of Water Midstream panel at the Oilfield Water Markets Conference this May 12-13. Pilot will also be exhibiting at the conference, so attendees will have plenty of opportunities to hear about the this deal’s implications in person.
The Oilfield Water Markets conference is the first in-person PW event in over a year, so you know there will be deals done on the sidelines… maybe even one like Pilot’s… and there’s only one way to find out! Given how the agenda is shaping up, all the right people from the U.S. produced water market will be in the room too – from E&P operators (who are now flowing into the agenda and onto the attendee list) to leading water midstreamers to land owners, service firms, bankers, attorneys, investors, etc.
Before we get to this week’s news, three quick updates about the event:
- Big Name Speakers Added To Agenda. Since announcing the preliminary agenda just last week, we’ve added many strong strong voices to the speaker lineup (some of which you won’t hear speak in any other forums this year). See their names here. You won’t want to miss what these industry leaders have to say, nor will you want to miss access to the movers and shakers of this business on the sidelines. We’ll be previewing some of the topics these folks will address on the big stage in upcoming newsletters over the next several weeks
- Three New Sponsors Just Joined. Less than half of the event’s exhibit spots are still available. We expect to the exhibit area to sell out well before the event, so now’s the time to jump on what’s left if you haven’t already! This week, we are very excited to welcome three great new sponsors to the event:
- Golf… Did You Say Golf? Yes, And It’s Going To Be Different In A Good way! We are about to overhaul the Golf Sponsorship and the Golf Outing to something much larger which will involve more attendees and more value for Golf Sponsors in the form of quality time with potential clients and partners. If your firm is interested in learning more about sponsoring golf before the opportunity goes live to everyone, just reply to this email and we’ll give you the scoop before we press release the details later this week. We expect this to sell out quickly…
Thanks to all our supporting sponsors and organizations and speakers for enabling this event to happen! We hope to see you May 12-13 in Frisco…
Now here is this week’s water news…
Pilot Water Solutions Announces Acquisition of Felix Water
A long-marketed water system has a buyer. Pilot Water Solutions announced the acquisition of Felix Water, complementing PWS' premier national water midstream footprint and creating one of the largest water midstream companies in the United States. This acquisition will add a substantial water midstream footprint in the Delaware Basin to PWS' premier asset base....
Vintage Infill Thinking Coverage Of Felix Water Process Circa 2019
Background from 2019: "Felix Water is the H2O midstream arm that orchestrates source and produced water handling for Felix Energy (and some other Delaware Basin operators). Felix Water is a potential deal in our water M&A pipeline that we've been expecting to hear news about."
DOE research director details focus on produced water
As the US Department of Energy works to oversee the nation’s energy resources, it is also engaged in research to better understand what it oversees.
What They Are Saying About Oilfield Water [Produced & Fresh H2O Datapoint Roundup]
While gearing up for the Oilfield Water Markets 2021 Conference this May 12-13 in DFW, we've been scanning public disclosures from companies across the water value chain. From consolidation talk to monetization deals to recycling and ESG and capex, here's what stood out...
Cavitation Technologies Provides an Update on Produced Water Treatment in Permian Basin
For the month of February, CVAT’s water treatment rate was slightly higher than 100,000 barrels per month, but due to certain harsh weather conditions the volume of treated water fluctuated during this time frame.
Sad Story In Produced Water - Man pleads guilty to lying to investigators about Alabama man’s North Dakota oilfield death
A man accusing of lying to investigators about the 2014 death of an oilfield worker welding inside a produced water tank in North Dakota pleaded guilty Monday in federal court.
$200m contract signals Exterran’s water transitionq
Exterran’s transition away from traditional oilfield services will involve a larger focus on water treatment solutions for the energy sector, it emerged this week. This strategic shift was highlighted on Tuesday when Exterran announced that it had won a $200 million multi-year contract in the Middle East to provide outsourced water treatment services.
The Next U.S. Oil And Gas Boom Suddenly Looms On The Horizon
The history of the oil and gas business in the United States is that every time the “experts” all line up to declare it to be dead, it finds a way to come roaring back.
Summit Midstream Partners, LP Announces Closing of Financing for the Double E Pipeline Project
Summit Midstream Partners announced that its wholly-owned, indirect subsidiary has closed on its previously announced $175 million of senior secured credit facilities which will be used to finance the development of the Double E Pipeline Project.
WATER TALENT POOL: XTO Water Coordinator On The Move
Joel Aguirre announced that he has left XTO Energy to start his own business...
WATER TALENT POOL: B3 Hiring In Sales
B3 is seeking an ambitious, career-minded Inside Sales / Account Executive to serve the needs of existing and new customers.
Chevron Announces Agreement to Acquire Noble Midstream Partners
Chevron to acquire all (33.925 million) of the publicly held common units representing the limited partner interests in Noble Midstream, not already owned by Chevron and its affiliates (the “Common Units”), in an all-stock transaction...
Appalachian shale gas drillers use Q4'20 earnings calls to roll out ESG efforts
America's pure-play shale gas drillers uniformly kept their message simple in fourth-quarter earnings calls over the past month: hold spending flat and generate extra cash as commodity gas prices recover from near-record lows in 2020.
Plan to allow thousands of California oil wells faces vote
A plan to fast-track drilling of thousands of new oil and gas wells over the next 15 years in California’s prime oil patch was approved Monday by Kern County officials over objections by environmental groups.
Under Ground Storage Development Opportunity
Underground Storage Development Opportunity. Moss Bluff Salt Dome, TX.
1st Look At $70/BBL In The Permian… Spoiler Alert-New Record High Frac Sand Demand! [Chart Of The Day]
What might $70 oil bring for Permian oilfield activity? The data scientists at Lium Research, our affiliate, had actually run the numbers on that very question a week before this latest oil price spike for data clients (which now include Infill Thinking Analyst Plan members). We’ve summarized that analysis here....
Housing community proposed on former oil well water treatment site
Integral Communities wants to build 226 homes and a park on remediated land in Long Beach
Heads Up -- E&P Plus Magazine's March Cover Story Dropping March 22 Will Be On Oilfield Water
Coming soon: E&P Plus' March cover story will focus on Water Management topics such as reuse and recycling, seismicity issues and how the industry will emerge post-downturn. The story includes interviews with B3 Insight, Bedrock Automation, SitePro, XRI and Select Energy Services. Look for the next E&P Plus issue to be distributed March 22.
WV Bills to Relax Water Protections Seen as “Dangerous” by Opponents
The bill's sponsor, Del. John Kelly, R-Wood County, said oil and gas tanks need to be inspected, but not as strictly as the current Storage Tank Act calls for.
Produced water released at ND injection well
About 42,000 gallons of produced water was released at an injection well about six miles southwest of Alexander last week.
TIPRO, Texans for Natural Gas, combine organizations
Just a few weeks after the announced merger of the Association of Energy Service Companies and the Petroleum Equipment & Services Association, two Texas industry associations – the Texas Independent Producers and Royalty Owners Association and Texans for Natural Gas -- announced Thursday they will be joining forces.