Oilfield Water Weekly
Wednesday July 15, 2020
Be sure and check out our fast approaching Oilfield Water Industry Golf Outing.
Registrations continue to come in and we are pleased to announce two sponsors today: Helios Water Technologies, LLC is one of three Contest Hole Sponsors and H2O Midstream will be sponsoring lunch.
We hope you’ll be able to join us and your peers in the great outdoors for some responsible, socially distanced industry networking this September 24, 2020.
Here is this week’s oilfield water news and analysis digest…
West Texas prepares for President Trump's visit to Midland and Odessa
Here's everything you need to know from the timeline to road closures...
WATER TALENT POOL: Hiring In Midland!
FLOWPOINT Water Solutions is looking to hire up to 5 Water Transfer Technicians in Midland, TX...
Permian Rig Count Ticks Higher For First Time Since March...
For the first week since March 13, the Permian rig count posted a gain on Friday July 24, 2020!
...But US Rig Count Falls For 20th Straight Week
The U.S. rig count fell for the 20th-straight week as energy companies have largely stopped drilling new wells amid low crude prices....
Seismic Trend Visualization From 2017 To Present
Texas map with seismic events in the last three years, sized by magnitude...
Opinion: The Produced Water Act fails us
Antoinette Sedillo LopezNew Mexico State Senator, District 16 writes: "Until 2019, the 1935 Oil and Gas Act had not been changed. Our state has operated with legislation designed to encourage drilling and exploration using 1935 technology...."
Pipeline Safety Rules Webinar Coming Up In Early August...
Texas RRC will host a free pipeline safety rules webinar to inform and train energy industry representatives on new and amended rules 16 Texas Administrative Code (TAC) §3.70, relating to Pipeline Permits Required, and 16 TAC Chapter 8, relating to Pipeline Safety Regulations. The webinar is August 5, 2020...
The Most Important Thing To Watch This E&P Earnings Season If You Are An OFS Provider [Chart Of The Day]
With E&P earnings beginning in earnest over the next 7-10 business days, one critical thing we’ll be watching closely is ...
The oil market continues its cautious rally but more uncertainty lies ahead
For the oil markets, the first half of the year saw extraordinary swings in supply and demand, culminating in what is now thought to have been a staggering 22mbbpd of oversupply in April as OECD economies headed into lockdown and OPEC+ cuts dissolved. Demand fell to 78mmbpd and Saudi Arabia pumped an additional 1.6mmbpd, driving Brent down to under $10/bbl on April 21st and briefly pushing the WTI futures contract into negative territory.
Tallying Up The Damage As Another E&P From Our Bankruptcy Watchlist Files Chapter 11
Another Sunday, another oilfield restructuring event. On Sunday July 26, 2020 it was Rosehill Resources....
TX Oilpatch Layoff Trends [Chart Of The Day]
After surging and peaking in April and May, WARN layoff notices in the Texas energy sector declined quite a bit from May through July...
KLX, Quintana hope to survive downturn as one company
Shareholders of two struggling Houston oil-field services companies approved a merger that proponents say will help the combined company survive the oil industry downturn.
Revised MOU Brings Further TCEQ Oversight to the Texas Oil Patch
n 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. ...
Injection Trends In TX: How Much Water Is Commercial vs. Non-Commercial?
Over the past three years non-commercial injected volume has remained relatively constant, but commercial injection volume has nearly doubled -- an increase of 4.5 million bbls a day!
Funding For Greenfield Oilfield Water Projects? [Interesting Thread]
Who provides $5MM loans for greenfield projects in the oil/gas water management space?
Baker Hughes posts $201 million loss during second quarter
Houston oil-field services company Baker Hughes lost $201 million in the second quarter as it faced the worst of the ongoing industry downturn caused by the coronavirus pandemic.
NOV narrows losses despite slumping second-quarter demand
Houston oil-field equipment maker National Oilwell Varco narrowed losses in the second quarter, but its share price tumbled after executives offered a pessimistic outlook for the industry during the coronavirus pandemic.
Brief Notes On The US Completion Outlook From Thoughts Shared By Three OFS Leaders This Week
Over the past couple of days, we heard from the management teams of Patterson-UTI, Schlumberger, and Core Lab. Here’s what’s relevant for the broader US onshore oilfield market from these calls:
Delaware Basin SWD Facility Spec Comment
Republic's SWD has 24/7 super fast pumps, covering from the sun, a break area, and bathrooms. All this in the heart of the Delaware Basin. The Reeves Landfill / SWD can be found at the intersection of Highway 285 and 302 (Lat/Long 31.6548, -103.6357) the physical address is 112 State Hwy 302 Pecos, TX 79772....
Longmont City Council to hear status of Stamp Well soil cleanup
Longmont’s City Council is to get a Tuesday night city staff presentation about the status of removing and replacing the contaminated soil found at the site of the still-producing Stamp Well northwest of Union Reservoir.
Hess Midstream Hits The Pause Button
What was a routine way to get through the next few years suddenly needs a major readjustment....