💧 Weekly Water News Digest | Issue #82

Oilfield Water Weekly

Wednesday October 28, 2020

As the E&P M&A surge continues, here is the past week’s news relevant for oilfield water professionals…

News Digest

Solaris Water Midstream Commences Operations at New Mexico’s Newest Large-Scale Water Reuse Complex

Solaris Water is pleased to announce it has commenced operations at its newest large-scale water reuse complex in New Mexico – the Eddy State Complex. The new complex can supply 300,000 barrels per day of recycled produced water for operators in the northern Delaware Basin.

Permian Freezes Early This Year

Most of southeastern New Mexico and west Texas was under a winter weather warning during the first freeze of the year yesterday, which saw ice on the roads disrupt oilfield traffic...

NMSU, NMED team with Occidental to support produced water technology testing

The New Mexico Produced Water Research Consortium, a joint effort between the New Mexico Environment Department and New Mexico State University, announced today it will partner with Occidental, the Permian Basin’s largest acreage holder and one of its largest oil producers, in a cooperative agreement to help facilitate safe and reliable field testing and evaluation of pilot and large-scale innovative produced water treatment technologies.

Oklahoma PW Stats

Data shows that approximately 1,000,000,000 (yes – 1 billion) barrels of water were disposed of in Oklahoma, ranging from over 690,000,000 in SWDs to more than 300,000,000 in commercial disposal wells.

WATER TALENT POOL: Solugen Names Dr. Frederyk Ngantung as Vice President of Product

Solugen is pleased to welcome Dr. Frederyk Ngantung as Vice President of its newly created Product Development Group (PDG). Frederyk will report to co-founder and CTO, Dr. Sean Hunt, and lead an initial team of 10 scientists and engineers.

EQT Announces the Acquisition of Chevron's Appalachia Assets

EQT Corporation has entered into a definitive purchase and sale agreement with Chevron to acquire Chevron's upstream and midstream assets located in the Appalachian Basin for $735mm...

Cenovus and Husky Combine to Create a Resilient Integrated Energy Leader

Combination of complementary businesses will result in $1.2 billion in cost and capital synergies, enhance free funds flow generation and support investment grade credit profile

Contango and Mid-Con Energy Partners Announce Strategic Merger

The combination continues Contango’s consolidation strategy...

In Other News… Merger Monday, Permian Weather, Nat Gas Bull Rush, Hydrogen Hype, & HAL “Dips A Toenail” In Renewables…

In addition to the in-depth updates published so far during this week in the frac life, these quick hits also crossed our desk and are worthy of a mention…

Another Permian Giant May Be Forced To Consolidate Or Die

Author thinks the management at Diamondback Energy might be feeling the heat, right about now. As a combination of debt, liquidity, and assets someone could have them in their sights now.

Protest Letter Effects

Ever receive a #protestletter that led to a hearing? B3 Insight ran the numbers: an application that goes to hearing adds an average additional 213 days before final permit approval.

Webinar: Produced Water Recycling in Unconventional Oil and Gas Markets

DeNora hosts a produced water recycling webinar on the 29th.

A state – of – art review on waterless gas shale fracturing technologies

Scientific paper on waterless fracturing.

Belgrade man sentenced for dumping radioactive contaminants

A Belgrade man was sentenced Thursday to probation for dumping radioactive contaminants he was hired to properly dispose of at an abandoned gas station in North Dakota.

Oilfield wastewater slowly gains value in agriculture

Conceptually it makes a lot of sense to farmers and oil producers alike: Use the latest filtration technology to turn one of Kern's most troublesome waste streams — oilfield produced water — into a safe irrigation source.

Fracking Has Made America Great Again – We are Energy Independent for the First Time Since 1957

Fracking has become public enemy No. 1 in Democrat circles. It continues to be characterized as a “dangerous, new extraction technology.”

It’s Not Just Fracking

The second and final debate between President Donald Trump and former Vice President Joe Biden on Thursday, October 22 covered several concerns of interest to the American public. One of the most important issues discussed was the issue of “fracking.”

Permian Parcel Marketed...

Surface position marketed with potential for water treatment and transfer hub station

For Oil and Gas, Next 4 Years Are All about Regulations—More Or Less

When it comes to the oil and gas rules and the costs, Trump and Biden take opposite stances, say experts at the North American Gas Forum.

Time to start viewing the oil industry’s wastewater as a resource, says QF expert

Research efforts at Qatar Foundation explore energy generation using industrial wastewater

State looks to put $16M in federal virus funds toward fracking grants

North Dakota officials say there isn’t enough time left to clean up every abandoned oil field well site they had intended to this year using federal coronavirus aid, so they want to repurpose $16 million and put it toward grants for fracking.

Chevron puts off frack jobs until Kern County, CA can complete blanket review

Chevron Corp. has opted to postpone six hydraulic fracturing jobs in the Lost Hills area rather than have state regulators perform an environmental assessment the company would prefer be done as part of a blanket review by Kern County.

Billionaire Mike Bloomberg drops $2.6 million in Texas Railroad Commission race

Former New York City Mayor and one-time presidential hopeful Mike Bloomberg is spending $2.6 million to try to help a Democrat capture a seat on the state board overseeing the oil and gas industry.

Is OFS Consolidation About to Take Off?

One of Rigzone’s regular market-watchers contends that oilfield services (OFS) will likely garner more attention within the realm of M&A. Read on for his reasoning, along with additional views on what to watch this week in the oil and gas markets.

‘Tenuous’ stability emerges as oil-field services firms cut losses

Oil field services giants trimmed massive losses in the third quarter as the oil industry begins to stabilize and the deep cost-cutting of recent months proves beneficial to bottom lines.

Modest increase gives rig count its 6th-straight gain

The U.S. rig count rose slightly this past week, the sixth-straight gain, in another sign of the industry's growing stability.

U.S. oil producers bet on $42 oil prices in 2021

U.S. oil producers are betting that crude prices will stay low well into next year, hedging some of their production at around $40 a barrel in 2021.

Oil near $39 with U.S. storm brewing but bearish factors growing

Oil clawed back some losses in New York as Tropical Storm Zeta shut down production in the Gulf of Mexico.

Core Labs Introduce New Water Tracer

During the third quarter of 2020, Core Lab's Production Enhancement engineers developed and introduced a new application for its proprietary SpectraChem ® chemical frac water tracer to determine whether horizontal wells are unobstructed and flowing through the entire length of the lateral.

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