💧 Weekly Water News Digest | Issue #78

Oilfield Water Weekly

Wednesday September 30, 2020

 
We had a tremendous turnout last Thursday for our industry gathering at the Cowboys Golf Club in Dallas.
 
It was a great day of golf, networking, and reconnecting in a strange time. Good times were had by all!
 
Thanks to everyone who participated in this much needed industry event.
 
Here is a link to a post with a few of the pictures we snapped during great time out at this prestigious venue and course (if you were there and took pictures, reply to this email and we will add them to the post!).
 
Now the news…

News Digest

Great Turnout, Great Day For The Oilfield Water Industry At Our 2020 Golf Outing [Event Pictures]

Check out some event pictures from a great day on the course with oilfield water friends....

Creek Pipe's 1st AST Install In NM

The company announced their first AST install in New Mexico. This was made possible through HydrEra and their line of AST’s and equipment....

Devon Energy to acquire WPX Energy for $2.56 billion

Devon Energy plans to acquire WPX Energy for $2.56 billion, creating one of the nation's largest shale producers with a dominant position in the Delaware Basin of West Texas.

Buyer Behavior Cliff Notes As Devon & WPX Become One Oilfield Service / Supply Customer

In the sections below, we provide some buyer behavior context for the Devon / WPX merger – viewing the big Merger Monday deal announcement from a service company perspective.

Water Futures Contracts - TX To Take A Page From CA's Book?

Gabe Collins writes: "CME and NASDAQ launching a water futures contract for California. If we can develop a groundwater governance system in Texas that protects the resource better than the rule of capture does, similar products could be created over time for the Lone Star state..."

Joining The Club! A UTPB Adjunct Professor Is Working Toward Recycled Water Device...

As a way to conserve water and reduce the freshwater consumed by the oilfield, University of Texas Permian Basin Faculty Associate Adjunct Joshua Swigart has devised a produced water recycling station...

Texas Energy Company Announces New Pipeline To The Texas Gulf Coast, New Partnership

Max Midstream announced the acquisition of the Seahawk Pipeline and Terminal from Oaktree Capital at the Port of Calhoun (“the Port”) with plans for a historic pipeline that will connect the Port directly to both Eagle Ford and Permian Basins to transport up to 20 million barrels a month to a revitalized terminal at the Port.

Visualizing Lower 48 Drilling Footprint Evolution

In this week’s rig count update, we thought we’d put the spotlight on geo-region shifts in drilling activity as the rig count has undergone a massive compression since year-end 2018. How has the market share of various basins fared during the rig count carnage?

How to Prevent Air Pollution in Wastewater Evaporation

Due to the high cost of transporting and disposing of produced water, oil and gas producers are turning to evaporation instead. Evaporating up to 80 percent of produced water before sending it to SWD wells is also more environmentally friendly because it greatly reduces the amount of water sent to underground formations.

B3 Insight Biz Dev Pro Does A Podcast

On this episode of Round the Rotary, we have Rob Chrisman join us (Business Development – B3 Insight) and dives into how he went from working as a Completions Engineer at an E&P, to Business Development at B3 Insight.

Lightning strike causes produced water & oil spill

A lightning strike caused the release of about 10,000 gallons of produced water and oil at a saltwater injection facility, about eight miles north of Alexander, on Wednesday. The facility is operated by Environmentally Clean Systems.

Biden couldn't end fracking even if he tried

A Biden administration could make it more difficult, certainly. But presidents and agencies such as EPA cannot simply decide to ban fracking everywhere.

Texas Pacific Land Trust: The Bear Case

TPL is the furthest thing from tech, yet its CAGR during the past two decades rivals even the hottest tech stocks.

WATER TALENT POOL: B3 Team Grows

J.D. Leach joins as account executive...

WATER TALENT POOL: O&G Biz Dev Opening

Transglobal Services LLC is in growth mode and they are looking to add a top-level member to the Leadership team. With the recent success and with future expansion plans, they are seeking someone to lead the Oil & Gas division.

WATER TALENT POOL: Endeavor Looking For An Ops Geologist (more on the D&C side, but figured it may be relevant to some readers...)

Endeavor is adding top-tier talent to our world-class team and looking for an operations geologist to design, plan, and steer horizontal wellbores in the Midland Basin. If you have a strong understanding of geomechanics and a track record of building geomechanics into a drilling and completions program, we’d love to chat with you.

The Value of Oilfield Partnerships

Thoughtful article by High Roller Sand on the importance (and benefits) of strong partnerships.

How Frac Crew Efficiency May Impact Future Frac Fleet Demand

We look at US oil production per frac fleet to get a sense of how many frac fleets may be needed to keep US production at EIA predicted levels for 2021.

Idaho’s nascent natural gas, oil industry said interrupted by U.S. economic downturn

Idaho’s vision to build a viable oil industry and a natural gas business tied to the nation’s third largest dairy industry have been waylaid by low prices and limited infrastructure, clouding the vision for the future.

NM PW Facility Partnership

Infinity Water Solutions and SitePro Inc. have partnered to commission a produced water recycling facility in the Northern Delaware Basin of New Mexico.

Rystad Energy Hosts a Deep Dive Shale Webinar

The webinar begins at 9:30am Houston time today, September 30.

As U.S. drilling plummets to 122-year low, losses may intensify in second half

The catastrophic demand decline initiated by coronavirus lockdowns significantly damaged the U.S. oil industry, with oversupply, historically low storage capacity, and low prices. Operators responded by stacking rigs and shutting-in production.

What's The Deal With The 15-Day UIC Protest Window?

B3 Infographic...

Oil reaches one-week high on stimulus talk as virus fears linger

Crude oil rose to the highest in more than a week in New York and London on optimism that a deal could still be struck for a fresh round of stimulus spending before the election.

Across the pond... Egdon plans “small-scale fracking” instead of acidisation at Wressle oil site

Egdon Resources will now use a technique described by regulators as “small-scale hydraulic fracturing activity” as the first option to stimulate oil flows. They will use “proppant squeeze”, which injects a slurry of gelled liquid and proppants under pressure to open fractures in the surrounding rock formation.

May as well be across the pond....... In California, board delays vote on oil operator's project, derailing it under new general plan

An oil company's request for permission to operate five wells at a site in the Upper Ojai Valley will be subject to a newly adopted general plan with toughened restrictions on the industry that appear to have doomed the project.

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