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Here is this week’s oilfield water news and analysis digest…
News Digest
Chevron to acquire Noble Energy in $13 billion deal
Chevron plans to acquire Noble Energy in a $13 billion deal, the first major consolidation since oil markets crashed and left struggling companies vulnerable to takeover...
2.7 Mag Quake In Ector County Wednesday Morning
A 2.7 magnitude earthquake was reported early Wednesday morning in eastern Ector County, that’s according to the U.S. Geological Survey.
Seismic Events Are Delaying UIC Applications
B3 Insight data shows 131 seismic events led to 31 UIC well application approvals postponed with a request for additional data...
A Large Permian E&P Takes Step 5 Of Our 8-Step Reopening Plan For The Oilfield
It may not feel like a full fledged recovery out there yet (and it’s not), but we are starting to see key operators turn their ships in the right direction!
Pipeline firms scale back plans amid legal protests
A decade ago, when the shale boom was still in its infancy, developers lined up to build long-distance natural gas pipelines to supply distant markets with low-cost energy to replace aging, dirty coal and oil-burning power plants.
Lagoon CEO Joins The Petroleum Alliance Of Oklahoma For A Video Chat [Video]
In our eleventh Morning Fuel webinar, Chairman David Le Norman and President Brook Simmons are joined by Kevin Lafferty, President and CEO of Lagoon Water Midstream, to give us an in-depth look at the challenges and opportunities facing the water midstream sector in this new environment, and how the Alliance can help.
Permian Rig Count Finding Firmer Ground
The Permian Basin rig count suffered it’s SMALLEST weekly loss since March last week – down only one rig. And the weekly declines have registered in the single digits for seven weeks now.
Produced Water Not Just A Headache In The Permian
Produced water is not just a headache in the Permian Basin. A nice article that highlights the importance of effective production chemical management...
Comtech Successful in Obtaining Air Permit Exemption for Full-Scale Evaporation of Produced Water
In 2019 Comtech and Saltworks Technologies executed two successful pilot projects in the Appalachian Basin demonstrating the merits of environmentally friendly produced water evaporation. As of June 24th, a full-scale permit exemption has been granted for the deployment of full-scale systems...
Reducing Formation Water With Proppant Coating
Prior to the Covid-19 outbreak, one of the largest headlines within the oil and gas industry was its commitment to sustainability and E&P companies improving their ESG Ratings. This topic has continued to remain top-of-mind for E&P firms...
Empowering Smart Water Management: Q&A with B3 Insight
B3 Kelly Bennett speaks about the B3 Insight platform and offering with Progressive Recruitment...
5 Things To Know From Halliburton’s Lower 48 Frac Outlook On Monday Morning
It’s on! Halliburton just kicked off what what promises to be an eventful 2Q20 earnings season in the oilfield.
Union: Don’t drop oil and gas off cliff in energy transition
The oil and gas industry for decades has provided Americans without a college education a high-paying and stable construction job, paving a path into the middle class.
WATER TALENT POOL: Trend Water Opens Various Mobile RO and Mobile Sewage Treatment Water Positions
Field Supervisor- Will oversee Field Operations of Mobile RO Drinking Water Systems and Mobile Sewage Treatment Plants..
WATER TALENT POOL: Exterran New Hire
Exterran welcomed Asir Thambiraja (Raja) to their team. Raja will assume the responsibilities of Director, Technical Services for Exterran Water Solutions..
BJ Services files for Chapter 11 bankruptcy
A financial deal that “fell apart on the one-yard line” could bring an end to a 150-year-old Houston-area energy firm and force 1,250 employees out of work, court filings show...
Bruin E&P files for bankruptcy
Bruin E&P Partners, a Houston oil and gas company backed by private equity firm ArcLight, has filed for bankruptcy protection, another casualty of the coronavirus-driven oil crash.
Frac Crisis Endangers America’s Energy Renaissance
Shale’s woes are connected to pandemic shutdowns eviscerating demand and the Saudi-Russia price war that briefly pushed oil prices below zero. But the shale industry’s own shortcomings had gotten it into trouble before Covid-19..
Intrepid Announces Early Paydown of Series C Senior Notes
Intrepid Potash Inc. (NYSE:IPI) (“Intrepid”) announced today it paid down its Series C senior notes on July 17, 2020. Total payment to Series C noteholders was $17.1 million, which included $15.0 million in remaining principal, a reduced make-whole payment, and accrued interest.
Revised Memorandum of Understanding Brings Further TCEQ Oversight to the Texas Oil Patch
In 1982 a Memorandum of Understanding (“MOU”) was crafted between the Texas Railroad Commission (“RRC”) and a predecessor to the Texas Commission on Environmental Quality (“TCEQ”) outlining the division of responsibility for waste management, wastewater discharge, and other environmentally related regulatory responsibilities of industry. The current MOU is described in regulations of both the RRC and TCEQ. The MOU will be amended effective July 15, 2020.
COVID resurgence casts shadow over earnings season for oil field service companies
A recent resurgence of COVID-19 in the United States is resurgence is casting a shadow over the upcoming earnings season for publicly traded oil field service companies, according to a research note from the Houston investment bank Tudor, Pickering, Holt & Co.
Brent climbs to 4-month high on signs of economic recovery
Oil climbed to the highest level since early March in London as indications of an economic recovery from the coronavirus pandemic helped drive a rally in commodities.
Energy Department Announces Notice of Intent to Issue Funding to Advance Water Security
The National Alliance for Water Innovation (NAWI) hub, funded by the U.S. Department of Energy (DOE), recently announced its intent to issue a Request for Proposals (RFP) for innovations in intensified brine management solutions for high salinity streams.
SECURE ENERGY Enhances Measurement Automation with FLOWCAL by Quorum Software
Quorum Software (Quorum), the leader in digital transformation for the oil and gas industry, is pleased to announce that SECURE ENERGY (SES), a leading midstream infrastructure solutions company, has successfully implemented the FLOWCAL solution for its measurement needs.
Fracking, flowback, and fish
Some chemical constituents—bromine, strontium and boron—are not easily removed in treatment and remain as a “signature” of fracking operations.
Concho Resources: Off The Recent Highs Ahead Of Earnings
Concho has pulled in its horns in the first half of the year along with all domestic oil producers.
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