Oilfield Water Weekly
Wednesday August 12, 2020
Hard to believe that September is just around the corner. With September comes our Oilfield Water Golf Event!
Special thanks to our early sponsors – Helios & H2O Midstream – as well as those of you who have registered early to participate…
Check it out and register to attend or sponsor here>> We look forward to seeing many readers there…
Now, here is this week’s oilfield water news and analysis digest…
NGL Energy Partners Talks Leading Edge Disposal Fees, Skim Strategy, Contract Rejection, & Acreage Dedication
On the company's conference call this week, management quantified a range in Texas for leading-edge disposal fees is anywhere from $0.45 to $0.55 generally. Meanwhile, one of the company's customers is taking steps within its bankruptcy to attempt to reject transportation contracts related to the Grand Mesa Pipeline...
NGL Energy Partners LP Announces New Acreage Dedication for Produced Water Transportation and Disposal in the Northern Delaware Basin
Last week, NGL announced that the Partnership signed a new long-term produced water transportation and disposal agreement with a leading independent producer operating in Eddy and Lea Counties within the Delaware Basin...
What The Customers Are Saying… About Their Oilfield Water
Water’s been a hot discussion topic among E&P operators this earnings season...
Western Midstream Says It Gathered Record Delaware Basin Produced Water
Western says it gathered record Delaware Basin produced water throughput of 773K bbl/day, an 8% Q/Q increase, and achieved record Delaware oil throughput of 202K bbl/day, up 5% Q/Q...
The MRT Wrote A Big Piece On The Recent Solaris / Concho JV Expansion
“We have a set of investors who see the need to continue to grow, who have a desire to grow and are in a position to give us funds to grow,” Zartler said. “We plan to grow on an organic basis – drilling disposal wells, building pipe and recycling facilities.”
New Mexico close to adopting oil and gas water rules
New Mexico regulators are close to adopting a set of rules focused on wastewater produced during oil and gas operations.
2 Permian Earthquakes A Week Ago
Two earthquakes reported in West Texas on last Wednesday...
Oil prices rise with U.S. crude supplies down 3 weeks in a row
Oil futures traded higher Wednesday, poised for their highest finish since early March, as U.S. government data showed that domestic crude supplies fell for a third week in a row!
Moody's Reviews Waterbridge Ratings
Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Waterbridge Midstream Operating LLC and other ratings that are associated with the same analytical unit...
What The Customers Are Saying… About Frac Crews & DUCs
Scanning more than 40 US E&P conference calls over the past couple of weeks, here are the most notable takeaways as it pertains to frac crews and completions activity in 2H20. The big themes are getting back to work on the completions side into year-end, and this is a pretty positive update…
Why NGL Energy Partners Units Plunged 12% Out of the Gate on Aug. 11
Units of midstream energy player NGL Energy Partners (NYSE:NGL) fell 12% in the first half hour of trading on Aug. 11. Although units of the master limited partnership gained back some of that sharp drop, by 10 a.m. EDT they were still down by around 7%. The early-day decline was precipitated by the after-market release of earnings on Aug. 10.
Permian Permitting Trends, Courtesy Of Kurt Knewitz
Midland & Martin counties lead the Permian basin in new o/g well permits from 1/1/20 - 4/28/20. There were 366 permits filed in Midland and 304 filed in Martin. Reeves held on to the no. 3 spot with 268. Loving came in at no. 4 with 227 and Howard took the no. 5 spot with 217 permits filed.
Crisis Or Opportunity?
Oil and gas equipment is selling for pennies on the dollar. I hate that we are going through this down cycle but it is an opportunity for you entrepreneurs who have always wanted to start your business. In over 20 years I have never seen this kind of buying opportunity. Will you be Bold and take advantage of it?
A Cashless 2H20 Oilfield Bounce? [Charts Of The Day]
If E&Ps spend their the rest of their remaining budget (39% of plan) evenly in 2H20, then quarterly spending as a percent of annual will only rise 115bps from the 2Q20 lows. So how are frac crews going back to work? We dig deeper here...
The Value of Field Data: Enabling Agile & Meaningful Operational Decisions – Random Acronym
In this new economic landscape, saving every penny through the supply chain during a hydraulic fracturing operation is crucial. A necessary piece to this supply chain is water management. Implementing cutting edge telemetry and data management software platforms will provide producers some much needed relief.
Future of Oil & Gas Exploration: Embracing change, sustainability and innovation
Measuring ESG across the supply chain not only for emissions but quantitative metrics for fresh water usage, waste management, hazardous chemicals, health and safety, biodiversity and social impact for comparison with other industries e.g. renewables and mining is not a straightforward process for presenting to stakeholders for decision making.
Low-cost shale drilling might not boost oil production this time
U.S. shale producers are at a crossroads as they find themselves more efficient than ever. They can keep drilling, and potentially dent oil prices, or use the money to pay down debt.
Lagoon Water Midstream Launched A New Website & Branding
In today’s challenging environment, it is more important than ever to minimize operating costs, thereby maximizing the value of each barrel of oil. Knowing this, we wanted to simply and succinctly clarify our messaging with a revised water-droplet logo signifying the importance of water and pipeline within our operations as well as the simple phrase: Moving Water Forward
Come Golf With Us And Your Water Peers In September - One Of Very Few Chances to Network In Person For The Rest Of 2020
Taking advantage of the great outdoors, we've organized what will be one of the few live networking events for folks in the water industry for the rest of 2020. Don't miss your chance to share knowledge and make productive new connections while reinforcing old ones!
CASE STUDY: Elastec Skimmers Used to Recycle Frac Water
Remote fracturing operation didn’t want the expense of ordering water multiple times from far away and didn’t have the space to properly dispose and clean of a high volume of used frac water...
Albuquerque Journal Says That State Regulations On "Toxic Oil And Gas Wastewater Are Leaky At Best"
The 2019 Produced Water Act fails to sufficiently address the public health threat of the toxic oil and gas wastewater that the industry calls “produced water,” a brew of poisonous compounds with excessive salt. The Act was written by oil and gas industry lawyers. Legislative changes to the Act before it was passed are insufficient to protect public health, the environment and our fresh water resources.
Opposition To TX Pipeline Attracts Star Power
Willie Nelson and Paul Simon are weighing in...
Permian Tank's Ch. 11 Sale Procedures OK'd In Del.
Update on a legal situation involving an oilfield tank manufacturer...